Investors Bite

Nigerian Bourse Pares Previous Session’s Gain, ASI Dips 0.17% on Consumer Goods Selloffs

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse pared Monday’s gain, following selloffs across major consumer goods stocks. At the close of Tuesday’s session, the all-share index (ASI) declined by 0.17 percent to close at 25,329.08 points. “Today’s performance increased the Month-to-Date (-2.72 percent) and Year-to-Date (-5.75 percent) losses,” according to Cordros […]

NTB Auction Teaser 28 Feb; 2017

February 28, 2017/Cordros Research Click here for full report Treasury bills worth N310.23 billion will mature on Thursday, 2nd March 2017. This comprises N26.14 billion, N62.00 billion and N222.08 billion of the 91, 182 and 364 day bills respectively. In its common practice, the CBN will offer the same amount […]

FG Set to List $1BN Eurobond

By InvestAdvocate Lagos (INVESTADVOCATE)-The Federal Government of Nigeria (FGN) will on Thursday list its $1.0 billion eurobond on the floor of the Nigerian Stock Exchange (NSE). On February 9, 2017, Nigeria priced its eurobond in the international market at an interest rate of 7.875 percent and maturing on 16th February […]