Culled—-Proshare August 01, 2016/CBN Manufacturing PMI Report Production level, new orders, employment level and raw material inventories declining at a slower rate; supplier delivery time improving at a slower rate The Manufacturing PMI rose marginally to 44.1 index points in July 2016, compared to 41.9 in the preceding month (Fig. […]
Updates
Nigerian Stocks Open Week Bearish, Benchmark Index Down 0.60%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday opened the week on a bearish note as the all-share index (ASI) closed at 27,843.00 points, while market capitalisation fell by N57.33 billion to N9.56 trillion. “Today’s performance increased the Year-to-Date loss to 2.79 percent,” Cordros daily […]
Door open for Barclays to cut Africa stake below 50%
Mon Aug 1, 2016/Reuters By Steve Slater Barclays is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50% and strengthen the UK parent bank’s capital. A lock-up period following a previous share sale […]
