CATEGORY
Fixed Income & Bonds
Banks Shed Almost 10,000 Jobs in One Year, Led by Contract Staff
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Nigerian banks effected 9,866 job cuts in the past year as the outlook for the economy weakened and automation gained steam.
Non full time staff...
The N100bn Gap That Shows Foreign Selloff of Nigerian Stocks
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Nigeria’s $34 billion (N13.2 trillion) stock market is on pace to record the lowest foreign inflows since 2009, according to data compiled by MoneyCentral.
Foreign...
Heineken Sees Value in Beaten Down Nigerian Breweries with N245mn Share Purchase
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Heineken Brouwerijen B.V the major foreign shareholder in Nigerian Breweries has purchased N245 million worth of shares in the beaten down brewer in a...
Vanishing Equity Risk Premium Means Nigerian Stocks Will Struggle to Rally
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The equity Risk Premium is the difference between returns on equity/individual stock and the risk-free rate of return. It is negative in Nigeria meaning...
Seplat Oil Hedges Net $6.6 million Mark-to-Market Gains in H1
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Seplat Petroleum Development Company said following the oil price crash at the end of the first quarter (Q1) of 2020 and in line with...
Pension Funds Boost Holdings of Money Market Notes to Record High
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Nigerian Pension Fund Administrator’s (PFA’s) boosted their holdings of local money market securities to an all-time high, in a sign that policy measures that...
Mixta Real Estate Short Duration Bonds to Test Developer Amid Lockdowns
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With lockdowns enacted in Nigeria’s 2 largest cities that lasted up to 2months, home builders are being pushed to the brink because they can’t...
Conoil entangled in N4.3 bn Lawsuit with EFCC indicted Oil Trader
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Conoil Plc, has revealed that it is in litigation with Nimex Petrochemical Nigeria Limited (Nimex), one of its former suppliers of products and a...
Notore, Seplat Lead Opaque N500bn Related Party Transactions on NSE
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In July of 2019, shareholders of Lafarge Africa listed on the Nigerian Stock Exchange (NSE), called for an investigation of related-party transactions between Lafarge...
MTN, Airtel to Receive $700 million Boost from Lockdown Data Boom
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Even as the coronavirus pummels the Nigerian economy, a boom in data usage is set to lift MTN Nigeria and Airtel Africa two of...