12/2/2017/Punch Stanley Opara Access Bank Plc has finally divested from Stanbic IBTC Pension Managers Limited following a directive from the Central Bank of Nigeria. This development, it was learnt, was in compliance with the CBN regulation on the scope of banking activities and ancillary matters No.3, 2010. The Board of […]
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Stocks Ends Week Lower, ASI Dips 1.79%
10/2/2017/NSE The NSE All-Share Index and Market Capitalisation depreciated by 1.38% and 1.79% to close the week at 25,340.02 and N8.770 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Insurance Indices that appreciated by 0.44% and 0.90% respectively, […]
Guinness Nigeria Plc: Further Downside in Sight. SELL!
10/2/2017/Cordros Research The share price of GUINNESS has — justifiably — fallen by 2.3% since January 26 following the release of the disappointing first half 2016/17 result. The sell-offs notwithstanding, we anticipate further decline (13%) in the share price from current level (N65.00), driven by slower-than-expected performance recovery over the […]
