Updates

New Week, Same Song: Bulls Continue The Stampede For Bonds

Culled—Proshare June 23, 2020 By Zedcrest Capital FGN Bonds The bulls raced out the gates with demand seen across the benchmark bonds in the first trading session of the week, as investors continue to cover up for bids lost at the primary market auctions (FGN Bond and Sukuk). Bonds within […]

Steady Rise in Internet Subscription; Stood At 138.3m in April 2020

Culled—-Proshare June 23, 2020 By FBNQuest Research The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 138.3 million in April, representing y/y growth of 16%. The figure implies density of 70% in a population estimated at 198 million, placing Nigeria well above the […]

Fitch Affirms ‘AA’ Ratings to APICORP with Stable Outlook reflecting strong credit profile, continued growth

Fitch assesses APICORP’s access to capital markets and alternative sources of liquidity as ‘strong’ June 23, 2020/APICORP Stable outlook a reflection that APICORP’s credit profile is resilient to negative pressures stemming from the COVID-19 pandemic and oil price shock; Key drivers of the rating include APICORP’s intrinsic credit features, excellent […]