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 […]
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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 […]
Stocks Fire on for Fifth Consecutive Session, as Investors Buy Large Cap Counters
July 12, 2017/Cordros Research Click here to download full PDF Report EQUITIES The domestic bourse fired on for the fifth consecutive session, as investors remained upbeat in large cap counters, causing the All Share Index to appreciate by 0.46% to 32,981.63 points. Today’s proceedings improved the Year-to-Date return to 22.72% […]
