Culled—Proshare May 16, 2018/Zedcrest Capital ***NASS pass 2018 budget, raise spending to N9.1 trillion, oil benchmark to $51*** Bonds The bond market traded on a relatively quiet note, with yields ticking slightly higher by c.1bp due to slight sell on the 2036s and 2027s towards close of trading. We expect […]
Investors Bite
SEC Charges Owner of Alternative Investment Firm in Belize Airport Financing Scam
May 16, 2018/US SEC The Securities and Exchange Commission today charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize. The SEC’s complaint alleges that between 2014 and 2017, Brent Borland […]
Bulls Resurface on Nigerian Equities Market, Month-to-Date Loss Moderates to -0.67%
May 16, 2018/Cordros Report EQUITIES Gains resurfaced in the equities market, as the ASI increased by 0.90% — largest gain since 27th April – to 40,992.97 points. This was largely attributable to renewed interests in DANGCEM shares. The Month-to-Date loss moderated to -0.67%, while the Year-to-Date gain improved to 7.19%. […]
