Author: InvestAdvocate

NGXASI Declines -0.09% on Losses in JBERGER, TRANSCORP, OANDO

September 11, 2024/InvestmentOne Report The NGXASI declined today by 0.09% to close at 96,715.04pts as losses in JBERGER (-8.77%), OANDO (-8.38%) and TRANSCORP (-1.78%) drove the local equities market into the red zone. In the fixed income space, the Treasury Bills secondary market closed up as we observed buy pressure across the […]

Bears Back as Nigerian Equities Dip -0.1%, Dragged by OANDO

September 11, 2024/Cordros Report EQUITIES Trading in the Nigerian equities market was bearish as profit-taking activities in OANDO (-8.4%) undermined market performance. Consequently, the NGX ASI dipped by 0.1% to close at 96,715.04 points. As a result, the Month-to-Date and Year-to-Date returns moderated to +0.1% and +29.3%, respectively. The total […]

AFC Leads Nigeria’s Inaugural Domestic Dollar Bond, Raising over US$900 Million

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance September 11, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond […]