FSDH Bullish on Top Names in FMCG, Banking, Telecom Sectors. Analysts at FSDH is showing love to top names in the banking, FMCG and Telecommunication sectors in addition to United Africa Company of Nigeria (UACN) Plc in its top stocks pick.

Nigeria Fail to Comply With Oil Production Cut in May. Nigeria failed to fully comply with oil production cut as required by the Oil carter in an effort to stabilise global crude oil prices.

Africa’s COVID-19 Cases Rise to 187,800 amid Lockdown Easing. As the global economy is opening up gradually, numbers of coronavirus cases is expanding, Africa share is surging along with rising cases in developed economies.

Primary Market Auction: Analysts Expect CBN to Keep Rates Depress. Analysts at Meristem Securities have said that due to the recent policy rate cut, the firm is expecting the Central Bank of Nigeria to keep rates depress across market.

MTN Nigeria Completes ₦100 billion Working Capital Raise. MTN Nigeria Communications (MTNN) Plc on Tuesday

₦150 Billion FGN Bonds to Open for Subscription June 17. Investors with interest in fixed interest income financial instrument can buy the Federal Government 5-year Bond at 12.75%.

FMDQ admits Dangote Cement’s ₦100 billion Commercial Paper. FMDQ Securities Exchange Limited on Tuesday announced the admission of Dangote Cement ₦100 billion Commercial Paper (CP) on its platform.

FIDSON: Analysts Upgrade Estimates on Solid Earnings Performance. Analysts at Meristem stated that following the upward price review of its products in the fourth quarter (Q4) of 2018, FIDSON recorded low patronage throughout the 2019 financial year.

AXA Mansard: Analysts Bullish on Earnings, Upgrade Price Target. AXA Mansard Plc have been trading flat since first day in June on the floor of the Nigerian Stock Exchange. At the close of trading session yesterday, it share price was ₦1.85.

NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.