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Expected N351bn FGN Bond Maturity to Boost Auction Demand

Culled—Proshare June 25, 2019/Zedcrest Capital  The DMO is set to auction a total of c.N100bn FGN bonds at the auction scheduled for tomorrow. Whilst we expect demand at the auction to be robust given the c.N351bn Jun 2019 bond maturity, we expect stop rates at the auction to still clear […]

Lafarge Africa Redeems N26.4 Billion Series 1 Bond Due June 15, 2019

June 20, 2019/NSE Lafarge Africa Plc announces the redemption of its matured N26.4 Billion Bond due on June 15, 2019. The Company registered a N100 Billion Bond issuance programme in June 2016 out of which the sum of N60 Billion was issued in Series 1 and 2 of the programme. […]

Stocks Close Down -0.39%, Dragged by MTNN, Consumer Goods Counters

June 18, 2019 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed down as the all-share index (ASI)  dipped -0.39% to close at 29,818.80 basis points; and driven by losses recorded in the shares of  in MTN Nigeria and the Consumer Goods counters. InvestmentOne update reports that […]