Investors Bite

C & I Leasing Announces Share Capital Reconstruction of Four to One

December 11, 2018/Cowry Asset C&I Leasing Plc (“C&I Leasing’’ or ‘’the Company’’) notified its esteemed Shareholders, Stakeholders, Dealing Members and the general public that the Company has made an application to The Nigerian Stock Exchange (“The Exchange”) and obtained a “No Objection” to its proposal to reduce the Company’s issued […]

Dangote Cement Drives Nigerian Stocks Up +0.34%

December 11, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Most capitalised listed company on the Nigerian bourse and cement producer, Dangote Cement Plc on Tuesday drove Nigerian stocks up +0.34 percent to 30,718.72 points. Cordros reports that the Month-to-Date and Year-to-Date losses tempered to 0.50 percent and 19.68 percent respectively. Market breadth index […]

Sukuk Offer Opens at 15.743%; Average T-Bills Rate Advanced 73bps to 14.4% Sustaining Bearish Run

Culled–Proshare December 10, 2018/Afrinvest Research  The Treasury Bills (“T-Bills”) market started the month on a bearish note with average rate across tenors increasing 73bps W-o-W from 13.7% to 14.4%. The bearish performance can be largely attributed to the increase in the frequency of Open Market Operations (“OMO”) auction which was […]