Culled—Proshare July 25, 2018/FBN First Bank of Nigeria Limited, the largest subsidiary of FBN Holdings Plc exercised its option to redeem the fixed rate subordinated Note held by FBN Finance Company B.V. Accordingly, FBN Finance Company B.V. exercised its option to call the US$300,000,000 8.25% subordinated notes, raised in the […]
Investors Bite
Dangote Sugar Refinery Plc: Continued Weak Volume and Higher OPEX Offset Resilient Gross Margin
July 25, 2018/Cordros Report Update: We update on DANGSUGAR following the recent Q2-18 result, wherein revenue and net profit came behind Q2-17s at strong double-digits. Compared to our estimates, both revenue and net profit were lower by 14% and 13% respectively. Stronger gross margin minimized the effect of still-weak volume […]
IOSCO to Launch 2018 World Investor Week to Promote Investor Education
July 25, 2018/IOSCO The International Organization of Securities Commissions (IOSCO) is preparing to launch its second annual World Investor Week (WIW) from 1 through 7 October 2018, following the success of last year´s event in promoting investor education and protection and highlighting the various initiatives of securities regulators in those […]
