April 1, 2021/Cowry Asset Report Freshly released report on pension fund assets by National Pension Commission (NPC) showed that the total value of pension assets rose year on year (y-o-y) by 17.92% to N12.30 trillion in January 2021 from N10.43 trillion printed in January 2020. According to the report, most […]
Updates
Fitch Rates Seplat’s New Notes Final ‘B-‘
April 1, 2021/Fitch Ratings Fitch Ratings has assigned Seplat Petroleum Development Company Plc’s (Seplat; B-/Positive) new 7.75% USD650 million senior notes due in 2026 a final senior unsecured rating of ‘B-‘. The Recovery Rating is ‘RR4’. The new USD650 million senior notes benefit from the same upstream guaranty package from […]
MIDDAY UPDATE: Nigerian Stocks Down -0.35%, Dragged by Banking Counters
April 1, 2021/InvestmentOne Update ASI as at 12.00pm: -0.35%. Market movers: FTNCOCOA (-8.70%), MBENEFIT (-8.70%), UACN (+10.00%) and ROYALEX (+10.00%). Sector Performances: Banking (-3.18%), Oil and Gas(+0.40%), Consumer Goods (+0.19%) and Industrial (+0.03%). Market activity: In today’s early trade, while total volume rose by 52%, total value dipped by 31% compared […]
