August 2, 2016/InvestmentOne Research he Nigerian equities market fell -0.04% to 27,831.95pts despite rising +0.59% during intraday. The NSE ASI performance was driven by negative sentiments towards NESTLE (-49pts), WAPCO (-41pts), FO (-30pts), SEPLAT (-24pts) and ETI (-21pts) which offset the increased demand for DANGCEM (+148pts). All major sectors closed […]
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Nigeria to raise nearly a billion dollars in naira Treasury bills
August 2, 2016/Reuters Nigeria plans to raise 245.18 billion naira ($773.44 million)worth of Treasury bills with maturities ranging between three months and a year on Aug. 3, traders said on Tuesday citing a central bank Treasury bill calendar. The central bank plans to issue 45.18 billion naira in 3-month debt, […]
Flour Mills of Nigeria plans 40 bln naira share sale
August 2, 2016/Reuters Flour Mills of Nigeria has registered plans with regulators to raise up to 40 billion naira ($128 million) in equity over the next three years, its chief financial officer said on Tuesday. Jacque Vauthier said the company’s directors had decided that the most appropriate way to raise […]
