Culled—Proshare August 31, 2018/MTN Ghana Scancom Plc (“MTN Ghana”) announces the successful completion of its Initial Public Offer (the “Offer” or the “IPO”). This Transaction serves as the centerpiece of MTN Ghana’s localization effort and demonstrates its long term commitment to Ghana. By raising GHS 1,146,589,464.75 from 128,152 applicants the […]
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Intraday Update: Nigerian Stocks Down -0.42% on Sell-Offs in Banking Counters
August 31, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Friday is down -0.42 percent and driven by sell-offs in Banking counters. InvestmentOne reports that market movers are Chams Plc and Diamond Bank Plc; both down -8.82 percent and -7.14 percent each, while insurer, […]
Bond Yields Hit 9-Month High as CBN holds off on OMO Sale
Culled—Proshare 30/8/2018/Zedcrest Capital *** Nigerian Eurobonds Turn Bearish Amid Emerging Market Selloff, Trade Tensions*** KEY INDICATORS Indicator Value Commentary Inflation 11.14% As at August 15, 2018, 9bps down from 11.23% recorded in June 2018. MPR 14.00% Next MPC meeting scheduled for September 24 & 25, 2018 External Reserves $45.90bn As […]
