Investors Bite

ASI: Intraday Update

July 26, 2017/InvestmentOne Research ASI as at 12.00pm: +0.52% Market movers:  FIDSON (+10.06%), WAPCO (+8.85%), LIVESTOCK (-4.44%), HONYFLOUR (-3.94%) Sector Performances: Industrial (+3.67%), Oil & Gas (+1.19%), Banking (+0.69%), Consumer Goods (-0.17%) Market activity:  Investors have exchanged over 67m units of stocks worth c.N693m. This shows decline in turnover when […]

Diageo to take 100% of its Rights in Guinness N40bn Issue

July 26, 2017/Businessday Iheanyi Nwachukwu Diageo, the parent company of Guinness Nigeria Plc has indicated that it is fully committed to its investment in the country and would take up its Rights in full in the N40 billion Rights Offer, which opened on Monday. Diageo owns a 54 percent stake […]

Trans-Nationwide Express floats N238.6m rights issue

July 26, 2017/The Nation Taofik Salako Trans-Nationwide Express (Tranex) Plc is offering its shareholders three new ordinary shares of 50 kobo each for every two ordinary shares held under a N238.6 million rights issue that opened on Monday. Tranex is offering 298.23 million ordinary shares of 50 kobo each at […]