This landmark transaction, commemorated in Dubai, underscores AFC’s robust standing as an investment-grade rated development financial institution with a unique ability to attract diverse global investors November 18, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a […]
Author: InvestAdvocate
United Bank for Africa Plc 9M-24: Robust Capital Buffers still an Upside
November 18, 2024/Cordros Report In this report, we highlight our estimates and update our views on United Bank for Africa Plc (UBA). In 9M-24, UBA reported a 14.3% growth in EPS to NGN14.78, underpinned by sturdy growth in the group’s core income (+170.0% y/y). We highlight that the preceding was […]
Intraday Update: Nigerian Stocks Inch Up +0.04%, Drive by Blue Chips
November 18, 2024/InvestmentOne Update ASI as at 12.00pm: +0.04% Top Gainers and Losers: JOHNHOLT (+9.97%), BETAGLAS (+9.92%), TIP (-9.09%) and SUNUASSUR (-7.35%). Sector Performances: Industrial (+0.19%), Banking (-0.15%), Oil & Gas (-0.11%) and Consumer Goods (-0.09%). Market activity: In today’s trade, total volume and value decreased by 21% and 55% […]
