Investors Bite

May 2018 FGN Savings Bonds Offer for Subscription

Culled—Proshare May 7, 2018/DMO  Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004  Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the Federal Government […]

Weekly Valuation Summary May 7, 2018

May 7, 2018/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY fell by 4.71% to NGN13.15. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q1-18 result, showing EBIT was higher by 76.2% while PBT was lower by […]

SEC Names Jessica Kane Director of Office of Credit Ratings

May 7, 2018/US SEC The Securities and Exchange Commission today announced that Jessica Kane has been named the Director of the agency’s Office of Credit Ratings, where she has served as Acting Director since September 2017. The Office of Credit Ratings is responsible for oversight of nationally recognized statistical rating […]