August 28, 2024/US SEC The Securities and Exchange Commission today announced charges against Bernardo Mendia-Alcaraz and his private equity firm, Toltec Capital LLC, for conducting fraudulent and unregistered securities offerings. According to the SEC’s complaint, from at least December 2019 to September 2023, Mendia-Alcaraz, on behalf of Toltec Capital, raised […]
Author: InvestAdvocate
Nigerian Breweries Plc H1 2024: Repressed Earnings as FX Crisis Intensifies
August 28, 2024/CSL Research Nigerian Breweries delivered a relatively stable performance in the first half of 2024, maintaining growth across key metrics. The renowned brewer of “Star lager beer” achieved a substantial 72.9% y/y Revenue growth, reaching N479.8bn, up from N277.4bn in H1 2023. This growth was primarily driven by […]
Bears Resurface as Nigerian Stocks Decline -0.3% on Selloffs in MTNN
August 28, 2024/Cordros Report EQUITIES Bearish sentiments resurfaced in the Nigerian stock market as sell-pressures on MTNN (-7.9%) caused the All-Share Index to decline by 0.3% to close at 96,203.65 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to -1.6% and +28.7%, respectively. The total trading volume increased by 0.8% to […]
