July 27, 2019/Cordros Report Event: MTNN recently published H1-19 results, with EPS growth of 34.8% y/y, driven by increased revenue, gross margin expansion, and a lower effective tax rate. The EPS achieved missed our estimates (annualized) for the six months period by 4% majorly due to a positive surprise on […]
Investors Bite
NSE Launches Investors Relations Data Pack to Enhance Issuers’ Stakeholders Engagement
July 26, 2019/NSE The Nigerian Stock Exchange (“NSE” or Exchange) is pleased to announce the launch of the NSE Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers. NSE Investor Relations Data Pack is designed to reduce […]
Market Players Oversubscribe FGN Bond Auction by c.200%
Culled—Proshare July 25, 2019/Zedcrest Capital The Bond auction by the DMO was robustly over-subscribed by c.200%, with total subscriptions of N301bn against the N145bn offered. The allocations by the DMO were however underwhelming, with bid to cover at 3.46times the total sale of N86.82bn. Stop rates consequently cleared at 13.35%, 13.64% and 14.12% […]
