Culled—Proshare February 20, 2018 The New CBN Regulation on Dividend on Bank Shares – Likely Impact A local newspaper reported today that CBN released a circular barring banks with significant NPL ratios from paying dividends. While a circular was indeed released recently, unlike what the news article suggests, this ban […]
Investors Bite
Nigerian Stocks Up +0.38% on Gains in Dangote Cement, Nestle
February 20, 2018/InvestmentOne Report The Nigerian equities market closed positive today as ASI gained +0.38%. However, market breadth index ended negative with 37 decliners against 18 gainers. PZ (+5.00%) was the top gainer while CONOIL (-9.67%) had the worst performance. The most actively traded stock was FBNH (-7.26%) with c.115million […]
Return to the Eurobond Market in Good Time
Culled—Proshare February 20, 2018/FBNQuest Research The FGN has returned to the Eurobond market for the second time since February 2017, and attracted what the DMO terms a “peak order book” of more than US$11.5bn. In another successful issue, it has priced its offering of US$2.5bn, divided equally between 12- and […]
