Investors Bite

Bond Yields Trend Higher as Supply Pressures Persist

Culled—Proshare November 1, 2018/Zedcrest Capital ***NNPC, BP sign PMS supply agreement*** KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October 16, 2018, 5bps up from 11.23% recorded in August 2018. MPR 14.00% Left Unchanged for the 11th Consecutive Time at the Sept. 25, 2018 MPC Meeting External Reserves $42.00bn […]

NSE Suspends Unity Bank, Five Others from Trading on Non-Rendition of Accounts

November 1, 2018/NSE Pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“Default Filing Rules”), which provides that;  “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will: (a) Send […]

Nigerian Stocks YTD Loss Hits 16.31% as the Local Bourse Sheds 1.42%

November 1, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the fourth trading session of the week in the red, losing 1.42 percent to 32,006.65 basis points compared to -2.12 percent loss recorded previously, bringing Year-to-Date (YTD) returns to  -16.31 percent.  InvestmentOne reports that market breadth index was negative […]