Investors Bite

Intraday Update: Nigerian Stocks Down -0.06% on Sell-Offs in Banking, Consumer Goods Counters

April 19, 2018/InvestmentOne Report ASI as at 12.00pm: -0.06%. Market movers: STERLNBANK (-4.71%), FIDSON (-4.68%), OANDO (+6.63%), ETERNA (+4.98%). Sector Performances: Banking (-0.38%), Consumer Goods (-0.01%), Industrial (+0.27%), Oil & Gas (+0.01%). Market activity: In today’s early trade, total volume and value rose by 948% and 1237% respectively compared to […]

Nigeria Wema Bank to start second tranche of 50 bln naira debt programme in May

18/4/2018/Reuters Nigeria’s Wema Bank plans to start issuing the second tranche of a Tier II capital increase next month, part of a 50 billion naira ($159 million) programme, its deputy chief executive said on Wednesday. Ademola Adebise said the mid-tier lender hoped to boost its capital ratio, which is at […]

SEC Proposes to Enhance Protections, Preserve Choice for Retail Investors in Their Relationships With Investment Professionals

18/4/2018/US SEC The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products. Under proposed Regulation Best […]