- Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
- NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
- XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Yusuf Binji leads BUA Cement to emerge as third largest on NSE. This listing makes the cement company to emerge as third largest on the local bourse, thus pushed market capitalisation to N15.16 trillion.
Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria
Analysts, Fitch say Move to Basel III Positive for Banking System Stability. Analysts, Fitch rating have said that move to the third Basel Accord will be positive for banking system stability.
Nigeria’s GDP negatively expose to AfCFTA – NESG. As against widespread optimism that flooded the public discourse, the Nigerian Economic Summit Group www.nesgroup.org, a non-partisan private sector organisation stated in a report that the implementation of African Continental Free Trade Area (AfCFTA) would negatively expose Nigeria’s gross domestic product.
C & I Leasing to restate 2018 audited report. The C&I Leasing Plc. www.c-ileasing.com will restate 2018 audited report as a result of error in the audited financial statement of its Ghana subsidiary.
Money market funds to hit N1trn in 2020 – Analysts. The Nigeria’s money market fund pitched at N560 billion in June, 2019 and some analysts have started to predict a further surge to N1 trillion mark in 2020.
NSE Discloses Results of Market Indices Review. The Nigerian Stock Exchange (NSE), the premier sustainable exchange servicing Africa’s largest economy, has announced the results of its annual full year market index review.
MTN Nigeria redeems $399.494 billion preference shares. MTN Nigeria Plc. has secured regulatory approval to redeem all 402, 590, 263 preference shares at $0.9925579.
Santa Claus rally: Equities investors gain N93.1 billion. The domestic equities market consolidates on Friday gains, posts a positive performance on Monday on the back of share appreciation in NESTLE (+2.8%), SEPLAT (+8.8%) and DANGCEM (+1.1%).
Fitch revises stance on Zenith, GTB, UBA, BOI to negative. Fitch Ratings, a global rating agency, has revised the outlooks on the Long-Term Issuer Default Ratings (IDR) of Zenith Bank, Guaranty Trust Bank Plc. United Bank for Africa Plc. and Bank of Industry Limited (BOI), to Negative from Stable and affirmed their IDRs at ‘B+’.