Investors Bite

Morison Industries to List N502.2 Million Worth of Shares

August 25, 2017/NSE Dealing Members are hereby notified that Morison Industries Plc (‘’Morison’’) has through its Stockbroker; GTI Securities Limited, submitted an application to The Nigerian Stock Exchange for approval and listing of a Rights Issue of 836,983,125 Ordinary Shares of 50 Kobo each at 60 Kobo per share on […]

Paint and Coatings Set to Delist Shares from NSE

August 25, 2017/NSE Paints and Coatings Manufacturers Nigeria Plc (“Paints and Coatings’’ or “the Company”) has through its Stockbroker; Meristem Securities Limited submitted an application for a Scheme of Arrangement between the Company and holders of its fully paid up ordinary shares of 50k each.  The Scheme will lead to […]

An Uncomfortable Auction for the DMO

Culled—Proshare August 25, 2017/FBNQuest Research The DMO’s review of Wednesday’s monthly auction of FGN bonds is likely to focus on the lowest total bid since November and the increase in marginal rates on the level of the previous month. When it drills down into the results, it may ask why […]