Tuesday, July 11, 2017
Investment: 9 blue chip companies raise N339.23bn in 6 months
Against the backdrop of Nigeria’s economic recession that constricted investors’ disposable income, leading blue chip companies have now settled for right issuance as means of solving their funding.
This was as recent statistics from the Nigerian Stock Exchange (NSE) show that total rights issue launched by nine companies across all sectors rose to N339.23 billion in the first six months of the year. Capital market analysts say there is likely going to be more of such issues in the months ahead as firms seek more stable sources of working capital to pay up dollar-denominated debts owing to risk of a weakened forex market.
This was as recent statistics from the Nigerian Stock Exchange (NSE) show that total rights issue launched by nine companies across all sectors rose to N339.23 billion in the first six months of the year. Capital market analysts say there is likely going to be more of such issues in the months ahead as firms seek more stable sources of working capital to pay up dollar-denominated debts owing to risk of a weakened forex market.
Open Heavens 11 July 2017: Tuesday daily devotional by Pastor E. A. Adeboye- Leave a Mark
Open Heavens 11 July 2017: Tuesday daily devotional by Pastor E. A. Adeboye- Leave a Mark
LEAVE A MARK – Tuesday July 11th 2017
Memorise: That the name of our Lord Jesus Christ may be glorified in you, and ye in him, according to the grace of our God and the Lord Jesus Christ. 2nd Thessalonians 1:12
Read: Acts 19:8-10 (KJV)
19:8 And he went into the synagogue, and spake boldly for the space of three months, disputing and persuading the things concerning the kingdom of God.
LEAVE A MARK – Tuesday July 11th 2017
Memorise: That the name of our Lord Jesus Christ may be glorified in you, and ye in him, according to the grace of our God and the Lord Jesus Christ. 2nd Thessalonians 1:12
Read: Acts 19:8-10 (KJV)
19:8 And he went into the synagogue, and spake boldly for the space of three months, disputing and persuading the things concerning the kingdom of God.