Markets
LAPO MFB’s Bond Offer Oversubscribed
The Managing Director, LAPO Microfinance Bank, Dr. Godwin Ehigiamusoe has expressed delight over the successful listing of LAPO N6.2 billion...
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Transcorp Hotels Seeks to Raise N10bn from Existing Shareholders
Transcorp Hotels Plc has applied to the Nigerian Stock Exchange (NSE) to raise additional capital via a rights issue from...
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Dangote Sugar creates three billion new shares
Shareholders of Dangote Sugar Refinery (DSR) Plc have approved the creation of three billion new ordinary shares of 50 kobo...
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Bears sustain hold as index slips further by 0.36%
The Nigerian Stock Exchange (NSE) sustained the bearish hold at the end of yesterday’s transactions, occasioned by price depreciation in...
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CBN bans forex for maize importation
The Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize...
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Unclaimed dividends rise to N158.4b
Unknown investors have amassed more than N100 billion in unclaimed dividends as capital market regulators search for investors that had...
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Equities open with N56b loss
Nigerian equities reopened on Monday with considerable sell pressure on leading stocks in the main sectors of banking, oil and...
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Report: 86% of Organisations Fall Victim to Cybercrime
A survey report by cyber-security firm, Sophos, tagged: ‘The State of Cloud Security 2020,’ has estimated that over 86 per...
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Nigeria Mortgage Refinance Company Plc Series II ₦11 billion 15-Year Fixed Rate Secured Bond
The rating expires on 30 June 2021. Agusto & Co. affirms the ‘Aaa(NG)’ rating assigned to Nigeria Mortgage Refinance Company Plc’s (“NMRC”...
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Petrol subsidy gulped N101.6bn in three months – NNPC
Petrol subsidy consumed over N101bn in the first three months of this year, as stakeholders want the scheme to be...
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‘Current economic realities necessitated naira devaluation’
Dipping oil prices, COVID-19, increasing debt, high poverty, and unemployment have been identified as factors that have forced the Nigerian...
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Anxiety over H1 results, inconsistent policies trigger investor apathy
• Analysts predict gloomy outlook as index dips 0.12% • Insist undervalued market creates new entry opportunities Expectations of...
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Investors Stake N13.5 Billion on Shares
Investors staked N13.453 billion on 901.542 million shares in 18,676 deals at the stock market last week. The value of...
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Afrinvest Bullish on MTN, Airtel Africa Shares
Analysts at Afrinvest (West Africa) Limited have made case for investing in the shares of MTN Nigeria Plc and Airtel...
Read moreEquities market records N786.7m cap decline
The equities market of the Nigerian Stock Exchange (NSE) recorded a moderate loss of 1bp to close at 24,276.56 due...
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Agusto & Co. assigns a “A-” rating to Total E&P Nigeria Multipurpose Staff Co-operative Society Limited.
The rating expires on 30 June 2021. Agusto & Co. hereby assigns an “A-” rating to Total E&P Nigeria Multipurpose Staff...
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Mixed reactions as CBN moves to unify exchange rate
With moves by the monetary authorities to unify the Naira foreign exchange (forex) rates gaining traction, economic analysts believe that...
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Naira trades at N381/$
The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions,...
Read moreNSE Cautions Investors against 13 Companies for Failure to File Accounts
The Nigerian Stock Exchange (NSE) wednesday advised investors to trade with caution on the securities of 13 companies due to...
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Vetiva Predicts Stability for Naira in Near Term
Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various policy measures introduced by...
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Prestige Assurance to Raise N6.8bn via Rights Issue
Prestige Assurance is set to raise N6, 817,898,003 through the issuance of 13,635,796,006 shares at N.50 kobo per share. ...
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Official exchange rate may hit N430/$ – Report
The nation’s official exchange rate may fall to N430 to the dollar by the end of 2020, United Capital Plc,...
Read moreNSE All-Share Index Rises 0.3% as Stock Market Rebounds
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.3 per cent to close at 24,097.48 yesterday, following the...
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Agusto & Co. assigns an “A(f)” rating to Legacy Money Market Fund
The rating expires on 23 June 2021. The rating assigned to Legacy Money Market Fund (“Legacy MMF” or “the Fund”) reflects the...
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Nova Merchant Bank Floats N10bn Bond
Nova Merchant Bank Limited has announced that its ongoing N10 billion bond issuance is aimed at putting the business on...
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