October 23, 2024/Cordros Report EQUITIES The domestic bourse maintained its winning streak in today’s session underpinned by buying interests in OANDO (+10.0%), FBNH (+6.5%), and ZENITHBANK (+4.7%). Thus, the All-Share Index advanced by 0.1% to close at 98,944.42 points. Consequently, the Month-to-Date and Year-to-Date returns printed +0.4% and +32.3%, respectively. […]
Author: InvestAdvocate
IMF Projects Slower Economic Growth for Nigeria in 2024
October 23, 2024/CSL Research The International Monetary Fund (IMF) has revised its economic growth forecast for Nigeria, indicating a slowdown in 2024. In its latest World Economic Outlook report, released on Tuesday, the IMF now projects Nigeria’s economy to grow by 2.9% in 2024. In its July forecast, the International […]
BasiGo Secures $42 Million in Funding to Scale Public Transport Electrification in Sub-Saharan Africa
October 23, 2024/BasiGo The capital raised by BasiGo combines $24 Million in Series A equity funding and $17.5 Million in debt. The Series A equity round has been led by Africa50 with co-investment from Novastar Ventures, CFAO Kenya, Mobility54, SBI Investment, Trucks VC, Moxxie Ventures, and Susquehanna Foundation. The equity […]
