Investors Bite

CBN to Sell N149bn Treasury bills in its first PMA for the year

Culled—Proshare 2/1/2018/@ZedcrestCapital  *** Oil posts strongest year opening since 2014 amid Iran unrest*** Bonds The bond market opened the year on a very quiet note, with some sell witnessed on the 2021 bond due to the relatively higher valuation of the bond. We consequently witnessed a slight uptick in yields […]

Nigerian Stocks Open Year Positive, Inches up 0.06%

January 2, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 2nd January 2018 EQUITIES: ·         The equities market closed the first trading session of the year positive, inching up +0.06% to end at 38,264.79pts. ·         Today’s performance was largely driven by the gains Banking names; ZENITHBANK (+26pts), ACCESS (+13pts), […]

N50 Billion Rights Issue: Union Bank to Dispatch Return Money for Unsuccessful Application not Later Than Jan’05, 2017

January 2, 2018/NSE Union Bank Plc Announces the result of the Rights Issue of 12,133,646,995 Ordinary Shares of 50 Kobo each on the basis of Five (5) New Ordinary Shares for every Seven (7) Ordinary Shares at N4.10 Kobo per share  The Central Bank of Nigeria’s (“CBN”) verification process began […]