Author: InvestAdvocate

FX Losses and Cost Pressures Continue to Weigh on Telcos Profitability

November 8, 2024/CSL Research In the first nine months of 2024, Nigeria’s telecom sector saw varied performances among its listed companies. MTN Nigeria maintained its revenue growth momentum, achieving a 33.7% y/y increase, reaching N2.37 trillion from N1.77 trillion in 9M 2023. In contrast, Airtel Africa reported a 9.6% y/y […]

EBRD to Support Climate Finance and Private Sector Mobilisation at COP29

November 8, 2024/EBRD By Rezo Bitsadze Image Credit: EBRD EBRD joins COP29 to support global climate finance and sustainable growth The Bank’s President, Odile Renaud-Basso to lead the delegation to Baku Over 30 years in the region, EBRD leads in green finance and policy support The European Bank for Reconstruction and […]

Intraday Update: Nigerian Stocks Inch Up +0.45%, Driven by Blue Chips

November 8, 2024/InvestmentOne Update ASI as at 12.00pm: +0.45% Top Gainers and Losers: ARADEL (+10.00%), JOHNHOLT (+9.82%), ABBEYBDS (-9.83%) and DEAPCAP (-8.47%). Sector Performances: Banking (+0.63%), Oil & Gas (-0.04%), Consumer Goods and Industrial. Market activity: In today’s trade, total volume and value declined by 60% and 52% respectively, when […]