African Perspectives

Nigerian Equities market closed on monday on a positive note, as NSEASI appreciated by +2.38% to close at 39,849.65 basis points as against +0.64% appreciation recorded previously. The Bond market traded on a relatively quiet note, with slight sell at the close of market offsetting some initial buy interests on the long end of the curve. Average bond yields consequently inched up by 3bps to 13.57%. Stanbic IBTC Stockbrokers Limited led the top 10 stockbrokers on the Nigerian bourse for the year ended December 29, 2017. The appointments of Mr. Balogun and James Ilori to the Board of Legacy Pension Managers (“Legacy Pensions”) come in the wake of the acquisition by FCMB Group of 60 percent of the company, raising its interest to 88%. The Nigerian equity market set off the New Year on a laudable note as most indicators across board closed in the green during the period under review. In line with post-listing requirements of the Nigerian Stock Exchange for quoted companies, Zenith Bank Plc hereby inform