October 29, 2018/Cowry Asset It is no longer news that foreign portfolio investors (FPIs) are leaving our shores to pitch their tents with developed markets, especially the United States, given that investors’ return on money loaned to advanced economies has become increasingly attractive. Just in September 2018, the U.S Fed […]
Investors Bite
Expensive Domestic Debt Whets Appetite for More Eurobonds
October 29, 2018/Cordros Report Last week, the Senate approved President Buhari’s proposal to issue USD2.8 billion worth of foreign currency denominated paper to help finance the 2018 budget. Barring an eleventh-hour backpedal, we expect the FGN to hit the Eurobond waters – anytime from now – and glide successfully, despite […]
Diamond Bank Plc 9M 2018 – Underlying Pressures Persist
Culled—Proshare October 29, 2018/ARM Research Underlying Pressures Persist Diamond Bank PLC (DIAMONDBNK) released unaudited nine-month 2018 result alongside restated figures for nine-month 2017 following divestment from its West African business operation. The result was unimpressive with the bank struggling to make profit in Q3 standalone. Last week, the bank announced […]
