Nairametrics|Chapel Hill Denham will hold an Extra Ordinary General Meeting (EGM) on Thursday 26th of January 2017. Primary agenda is the conversion of its equity fund Nigeria Global Investment Fund (NGIF) into a money market fund. Tough economic conditions have led to the federal government ramping up borrowing. Thus leading to a jump in money market rates. Nigerian equity market been bearish for the second year running, closing 2016 at -6.17%. Year to date return is -2.47% as at yesterday. Chapel Hill Denham is a leading investment banking, securities trading and investment management firm. The firm has handled various landmark transactions including consulting for the CBN as well as being involved in the setting up of Asset Company Of Nigeria (AMCON)
Chapel Hill Denham converts Equity Fund to Money Market Fund
Onome Ohwovoriole
Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com
