By InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian equities market reversed last week’s loss as the gain reflects a mix bag of bargain hunting with the benchmark index and market capitalisation advancing by 0.09 percent week-on-week (w/w) to close at 27,861.03 points and N9.570 trillion respectively. “Similarly, all other Indices finished higher […]
Investors Bite
Access Bank Plc Raises US$300 million Eurobond
October 14, 2016/Cordros Research Earlier today, Bloomberg reported that Access Bank PLC (ACCESS) successfully raised US$300 million via an Eurobond maturing in October 2021, at a yield of 10.75%. This news follows an October 3rd announcement by the bank stating plans to refinance its US$350 million Eurobond which is maturing […]
Forte Oil Says Nine-Months 2016 PAT Dips 34.7%
By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Forte Oil Plc on Thursday said its profit after tax (PAT) for the period ended September 30, 2016 declined 34.7 percent to N2.79 billion from N4.28 billion recorded a year ago. Profit before tax (PBT) of the company rose 6.5 percent to N5.63 billion […]
