Investors Bite

Lafarge Seeks Approval to List N140Billion Rights Issue

November 1, 2017/NSE Dealing Members are hereby notified that Lafarge Africa Plc has through its Stockbrokers; Pilot Securities Limited submitted an application to The Nigerian Stock Exchange for approval and listing of a Rights Issue of 3,097,653,023 Ordinary Shares of 50 Kobo each at N42.50 kobo per share on the […]

Nigerian Stocks Close in Green Third Consecutive Session on Gains in Dangote Cement

November 1, 2017/InvestmentOne Research For the third consecutive trading session, the Nigerian equities market closed in the green, gaining +0.56%.  FBNH (+5.00%) was the market’s best performer while AIRSERVICE (-4.95%) was the worst performer.  Market breadth index closed positive as 23 stocks gained against 21 stocks that declined.  FBNH (+5.00%) […]

Nigeria’s Access Bank eschews M&A in Ghana growth strategy

31/10/2017/Reuters Chijioke Ohuocha Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital […]