reports
Breakfast Report - 9 July, 2018
According to news sources, Dangote Group may look to float its oil refinery arm on the exchange once it comes online (estimated date: 2019/2020). We recall that the Dangote Group is currently constructing a 650,000 barrels a day refinery in a free trade zone in Lekki, a facility that would be able to satisfy Nigeria’s petroleum demand and export excess output to neighboring countries. The move to list the refinery would be a further boon to the Nigerian Stock Exchange as it is likely to be a siz...
Weekly Market Wrap - 6 July 2018
Market caps bearish week in the red Bears returned to the bourse today after a glimmer of hope in yesterday’s session, with the ASI closing 31bps under (-171bps w/w). With market sentiment staying negative at week close after a week of bearish trading, we expect the tepid sentiment to filter into the market at week open. ...
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