Author: InvestAdvocate

Intraday Update: Nigerian Stocks Inch Up +0.12%, Buoyed by Bellwether Counters

August 23, 2024/InvestmentOne Report ASI as at 12.00pm: +0.12% Top Gainers and Losers: OANDO (+10.00%), DEAPCAP (+9.80%), GUINEAINS (-9.76%) and TIP (-9.33%). Sector Performances: Oil & Gas (+0.39%), Banking (+0.10%), Consumer Goods (-0.48%) and Industrial. Market activity: In today’s trade, total volume and value declined by 12% and 13% respectively […]

NGX Reaffirms Commitment to Strengthening Investor Protection

August 22, 2024/NGX The Nigerian Exchange Limited (NGX) has reiterated its commitment to enhancing investor protection measures, reinforcing its dedication to maintaining a secure and transparent trading environment. At a recent event, NGX highlighted its efforts to implement robust mechanisms designed to safeguard investors and uphold market integrity. This renewed […]

GCR Affirms ProvidusBank National Scale Issuer Ratings of BBB-(NG)/A3(NG); Outlook Revised

August 22, 2024/GCR Ratings GCR Ratings (GCR) has affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG), respectively, with the outlook revised to Rating Watch Evolving from Stable. Rated Entity Rating Class Rating Scale Rating Outlook/Watch Providus Bank Limited Long-term issuer National BBB-(NG) Rating […]