Culled—Proshare October 9, 2018/Zedcrest Capital ***Buhari seeks NASS approval for $2.78bn Euro bonds*** KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at September14, 2018,9bps up from 11.14% recorded in July 2018. MPR 14.00% Left Unchanged for the 11th Consecutive Time at the Sept. 25, 2018 MPC Meeting External Reserves $43.61bn […]
Investors Bite
Domestic Bourse Down on Sell-Offs in Consumer Goods Counters
October 9, 2018/Cordros Update EQUITIES The bears resurfaced in the domestic bourse, as the market closed 0.08% lower at 32,417.70 points, following selloffs of major consumer goods stocks. Among sectoral indices, the Consumer Goods (-1.44%) index posted the largest loss, following a selloff of UNILEVER (-6.67%) shares. The Insurance […]
Flour Mills of Nigeria Plc Bond Issuance Closes October 9, 2018
Culled—Proshare October 9, 2018/Arthur Steven Asset Management Research Thank you for your interest in Flour Mills of Nigeria Plc (“FMN” or the “Company”) Bond Issuance of up to N30 billion across two tenors – (i) a 3-year (“Series 1”), (ii) a 5-year (“Series 2”), (collectively referred to as “the Issuance”) under its N70 […]
