Investors Bite

Merger: Access Bank Get’s Regulatory Approval to Raise $250 Million Tier II Capital

—-Shareholders to Get N1.00 Per Share in Cash and N2.13 kobo by Way of Shares.  December 19, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Access Bank Plc which had announced a merger with Diamond Bank Plc to create Nigeria’s and Africa’s largest retail bank by customers confirmed it has already finalised […]

Investors Lose N39 Billion as Stock Market Closes Bearish

December 19, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the third trading session of the week negative, losing 0.35 percent to 30,814.19 basis points compared to 0.67 percent gain recorded previously; bringing Year-to-Date (YTD) returns to a negative -19.71 percent.  InvestmentOne reports that market breadth index […]

DMO to offer N70bn FGN Bonds tomorrow as N100bn FGN Sukkuk Bond Offer Closes

Culled–Proshare 18/12/2018/Zedcrest Capital *** FG, World Bank PSRP Loan Negotiation Ongoing *** – Fashola 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 Nov. 22, 2018 MPC […]