Investors Bite

Lafarge Africa Prices Rights Issue at N12.00 Per Share

December 19, 2018/NSE Lafarge Africa Plc (“Lafarge Africa”) hereby notifies The Nigerian Stock Exchange of the clearance by The Securities and Exchange Commission (SEC) to open its announced N89.2 billion Rights Issue.  The offer opens on Monday 17th December, 2018 and will close on Wednesday 23rd January, 2019.  Lafarge Africa […]

Nigerian Stocks Up +0.70% on Gains across Sectors

L-R: Kolawole Ayeye, CEO GDL; Tinuade Awe, Executive Director, Regulations, NSE; Dr Nadu Denloye, Chairman, GDL; Rev. Christiana Bamidele George, Director, GDL; Bayo Omole, Legal Counsel to GDL; Peter Shodipo, Group Head Risk Management and Compliance, GDL, at the listing of GDL Money Market Fund at The Exchange in Lagos. […]

SAHCO Plc Extends IPO Closing Date to January 9, 2019

December 19, 2018/Cordros Update We have a target price (TP) of NGN5.97/s for SAHCO, representing an upside of 28.44% relative to its IPO price of NGN4.65/s. Our positive investment case for SAHCO centres on the fact that the company represents a long-term play on air traffic and aviation industry growth […]