August 31, 2017/Union Bank of Nigeria Plc Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has now received the required approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital. The Bank anticipates that the […]
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Access Bank: Poised to Outperform in FY-2017, Despite Downward Revision to EPS
August 31, 2017/Cordros Research Click here to download full PDF Copy of Report We update our model, following Access Bank Plc’s (ACCESS) impressive H1-17 result. In line with the improved yields on interest earning assets (+280 y/y bps to 13.10% in H1-17), we have raised 2017F assets yield estimate by […]
Nigerian Equities Market Wrap August 31, 2017 ASI down -0.35% in Short Session Thursday
August 31, 2017/InvestmentOne Research On the last trading session of the month, the equities market closed down -0.35%. WTD and MTD the ASI fell by -3.12% and -0.95% respectively. Despite the negative close, market breadth index ended positive as 27 stocks gained compared with 20 stocks that declined. JBERGER (-5.00%) […]
