In Your Interest
October 23, 2017/Cordros Research EQUITIES The equities market commenced on a negative note, with the ASI shedding 0.48% to 36,411.73 points, following profit taking across most sectors save for Oil & Gas. Accordingly, the Month-to-Date and Year-to-Date returns moderated to 2.74% and 35.49% respectively. The Industrial goods index (-4.00%) led […]
October 23, 2017/Cordros Research UNION BANK NIG.PLC. (UBN) 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 […]
October 23, 2017/Cordros Research LAFARGE released Q3-17 result late on Friday, showing revenue growth of 28.2% y/y, and a loss after tax of N18.8 billion which almost erased the N19.73 billion profit reported as at H1. The revenue of N68.8 billion was well above our N53.3 billion estimate (and consensus […]