Investors Bite

Intraday Update: Nigerian Stocks Up on Gains in Banking Counters

January 7, 2019/InvestmentOne Update ASI as at 12.00pm: +0.12%.  Market movers: DIAMONDBNK (+10.00%), AGLEVENT (+7.41%), NEM (-10.00%), UAC-PROP (-6.90%). Sector Performances: Banking (+0.87%), Consumer Goods (-0.34%), Oil & Gas, Industrial. Market activity: In today’s early trade, total volume and value decreased by 36% and 44% respectively compared to this time […]

Investors Rally Nigerian Eurobonds as Oil Prices Push Higher

Culled—Proshare 5/1/2018/Zedcrest Capital ***Brent Crude Surges in Best Week since 2016 as U.S. Economy Shines *** – Bloomberg KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at December 14, 2018. A c.2bps increase from 11.26% recorded in October 2018 MPR 14.00% Left Unchanged for the 12th Consecutive Time at the […]

Scheme of Arrangement: NSE Places ContinentalRe on Full Suspension

January 4, 2019/NSE Continental Reinsurance Plc (CRe) has through its Stockbroker; Chapel Hill Denham Securities Limited requested for a full suspension on the trading on its shares on The Exchange.  This is necessary to determine the shareholders that will qualify to receive the scheme consideration following the resolutions passed by […]