July 13, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 13th July 2017 EQUITIES: The All Share Index continued the positive momentum by recording a +0.80% gain today. Therefore, the ASI closed at 33,246.91pts representing a market capitalisation of N11.46bn. Meanwhile, YTD performance stands at +23.71%. Today’s trading session […]
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Flour Mills Reports N9.8 Billion Post-Tax Profit, Offers Investors N2.62 Billion in 2016 End
12/7/2017/NSE 2016/17 financial year was remarkable for its overwhelming macroeconomic challenges for the Nigerian manufacturing industry, a fallout of some global political and economic developments leading to foreign exchange volatility, business uncertainties and a significant weakening of the Naira which impacted our business in a negative way. In spite of […]
Fitch Rates Nigeria’s USD Diaspora Bonds ‘B+’
Culled—Proshare July 12, 2017/Fitch Ratings Fitch Ratings has assigned Nigeria’s USD300m 5.625% senior unsecured bonds a final rating of ‘B+’. The final rating is the same as the expected rating that Fitch assigned on 14 June 2017. Key Rating Drivers The final rating is in line with Nigeria’s Long-Term Foreign-Currency […]
