Culled—Proshare March 21, 2018 Bloomberg is reporting that Dangote Cement Plans to Sell $833m in bonds for expansion. The debt will be issued in tranches over next three years, says the Chief Financial Officer (CFO) and the company is also considering sale of Eurobonds to improve funding. According to the […]
Investors Bite
NSE to Embark on Changes to Equities Market Structure
March 21, 2018/NSE Introduction Following an assessment of the current market structure, the Nigerian Stock Exchange (”The Exchange”) is embarking on changes to its equities market structure in order to create an optimal market design that facilitates improved market depth, liquidity provision and price efficiency. The new market structure will […]
Access Bank of Nigeria Plc: FY-17; Unimpressive Performance
March 21, 2018/Cordros Report Access Bank Nigeria Plc (ACCESS) released its FY-2017 results at close of trade today, showing growth in Gross earnings in the year by 20.39% to NGN459.08 billion – short of our estimates by 5.71%. PBT (-11.36%) and PAT (-13.23%) declined to NGN80.07 billion and NGN61.99 billion […]
