Culled—Proshare November 29, 2016/FBNQuest Research The DMO sought to raise N95bn from its most recent monthly auction of FGN bonds yet registered sales of just N39bn (US$130m). Monthly sales are generally steady and the rare dips can be explained by the DMO’s determination to halt upward pressure on yields by […]
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Stocks Open Week Negative on Waned Investors Confidence
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Monday opened the week on a negative note, with the all-share index (ASI) falling by 0.06 percent to close at 25,318.41 points. “Today’s negative close increased the Month-to-Date (-6.99 percent) and Year-to-Date (-11.98 percent) losses,” according to Cordros daily market update. The […]
ETI Awaits Requisite Approval to Convert Preference to Ordinary Shares
November 28, 2016/NSE (ETI), parent company of the Ecobank Group, wishes to inform the three stock exchanges on which ETI is listed that holders of 819,424,548 preference shares have indicated their intention to convert their preference shares into ordinary shares. Once the requisite approvals are obtained, these preferences shares will […]
