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 […]
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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 […]
Stocks Extends Losses on Major Counters
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday closed on a bearish note as the all-share index (ASI) declined by 0.62 percent to close at 27,854.78 points. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 1.70 percent and 2.75 percent respectively,” according to Cordros daily […]
