Author: InvestAdvocate

Nigerian Equities Trade Mixed as Bellwether Counters Drive +1bps Marginal Gain

November 26, 2024/Cordros Report EQUITIES The Nigerian equities market traded with mixed sentiments in today’s session as buying interest in WAPCO (+9.2%) and ZENITHBANK (+0.9%) offset the losses in MTNN (-1.2%) and OANDO (-3.5%). As such, the NGX ASI increased marginally by 1bp to 97,639.88 points. Accordingly, the Month-to-Date and […]

AfDB, Partners Plan to Make Abidjan-Lagos Corridor Highway a Potent Economic and Industrial Hub

This 1,028-kilometre transnational coastal motorway will connect Côte d’Ivoire to Nigeria, while crossing through Ghana, Togo and Benin November 26, 2024/AfDB The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of […]

Coronation Economic Flash Note

November 26, 2024/Coronation Research Summary Market liquidity closed negative at N321.5bn on Friday (22 Nov ‘24). Call, overnight, and repo rates closed within a range of 7.1% – 32.8%. In the secondary market, the average Treasury bill (T-bill) yield declined by 12bps to close at 24.0% p.a. At the primary […]