Investors Bite

Nigeria’s $1bn Bond Offer Over Subscribed Despite Economic Trouble In Africa’s Most Populous Nation

9/2/2017/The Will Nigeria Thursday announced the successful pricing of its $1 billion dollars eurobond in the international market at an interest rate of 7.875% and maturing on 16th February 2032 with a bullet repayment of the principal, saying the “Notes were approximately 8 times oversubscribed with orders in excess of […]

JAIZ Bank to List N36.83 Billion Worth of Shares on the NSE Today

By InvestAdvocate Lagos (INVESTADVOCATE)-Jaiz Bank Plc, Nigeria’s first non-interest lender will today (Thursday) list by introduction its entire issued share capital on the Nigerian Stock Exchange (NSE). The non-interest lender will be listing a total of 29.46 billion ordinary shares of 50 kobo each at N1.25 kobo per share amounting […]

Nigerian Equities Halts Three-Day Losing Streak, ASI Up 0.05%

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Wednesday halted a three-day losing streak as the all-share index (ASI) advanced by a marginal 0.05 percent to close at 25,460.45 points. “Today’s proceedings pared the Month-to-Date and Year-to-Date losses to 2.21 percent and 5.26 percent respectively, according to Cordros daily market update. The […]