October 9, 2017/InvestmentOne Research ASI as at 12.00pm: +0.10% Market movers: MAYBAKER (+9.92%), AFRIPRUD (+6.38%), DIAMONDBNK (-4.55%), NAHCO (-4.40%) Sector Performances: Oil & Gas (+0.57%), Consumer Goods (+0.28%), Banking (+0.08%), Industrial (+0.07%) Market activity: Compared to this time last Friday, turnover is weaker with total volume and value down -49% and […]
Investors Bite
Union Bank of Nigeria Plc Rights Issue closes on 30 October 2017
October 9, 2017/Cordros Research Rights Issue, opened on 20 Sept, 2017, will close on Monday, 30 October 2017. Use of Proceeds: 80% of proceeds to be used as working capital 12% of proceeds to be invested in technology, innovation and digitalization 8% of proceeds to be invested in customer touch […]
Shareholders seek openness as SEC probes Oando
October 9, 2017/Punch Stanley Opara Some shareholders of Oando Plc have appealed to the Securities and Exchange Commission to disclose fully its findings from the investigation of Oando over alleged mismanagement and financial immodesty, following a directive from the House of Representative Committee on Capital Markets and other Financial Institutions. […]
