March 1, 2018/InvestmentOne Report ASI as at 12.00pm: -0.03%. Market movers: FTNCOCOA (-5.00%), DUNLOP (-4.76%), NASCON (+8.64%), JAPAULOIL (+7.41%). Sector Performances: Industrial (-1.34%), Banking (-0.08%), Consumer Goods (+0.41%), Oil & Gas Market activity: In today’s early trade, total volume and value increased by c.+4% and c.+91% respectively compared to this […]
Investors Bite
Afreximbank to Sell Shares on Three Bourses to Fund Growth
27/2/2018/Bloomberg By Emele Onu Afreximbank plans to sell depositary receipts in Nigeria Listing will raise $200 million in equity to fund lending African Export-Import Bank plans to sell shares in Nigeria and two other African countries to support lending and broaden its ownership base. The Cairo-based lender is in talks […]
MTN eyes $5.2bn NSE listing in July
March 1, 2018/Punch Stanley Opara with agency report MTN Group plans to list its Nigerian unit worth $5.23bn by July in a debut Initial Public Offer on the Nigeria Stock Exchange and will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters. MTN aims to raise […]
