September 5, 2023/Cordros Report EQUITIES The local bourse sustained its positive performance in today’s trading session as bargain hunting in a few consumer goods players – BUAFOODS (+2.8%) and DANGSUGAR (+5.2%) – underpinned market performance. Thus, the All-Share Index advanced by 0.1% to 68,334.68 points. Accordingly, the Month-to-Date and Year-to-Date […]
Investors Bite
The Dangote Foods Merger: Another Behemoth?
September 5, 2023/Cordros Report On July 31, 2023, following deliberations by their respective boards, Dangote Sugar Refinery Plc (DANGSUGAR), NASCON Allied Industries Plc (NASCON) and Dangote Rice Limited (DRL) announced the proposed merger of the entities to form one enlarged company, with DANGSUGAR becoming the surviving entity. Whilst the merger […]
FGN Savings Bond September 2023
September 5, 2023/InvestmentOne Report Recall that the Federal Government of Nigeria, through the Debt Management Office (DMO), had on the 13th of March 2017 issued the first series of the monthly 2 year and 3 year tenured savings bond. The Seventy-five (75) series of the FGN savings bond is at the following rates: […]
