August 22, 2024/NGX Oando Plc has acquired 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company Eni for a total consideration of US$783m. This acquisition is a milestone in Oando’s long-term strategy to expand its upstream operations and strengthen its position in […]
Author: InvestAdvocate
Nigerian Bourse Remains Bearish -0.1% on Losses in TRANSCOHOT
August 22, 2024/Cordros Report EQUITIES Sentiments remained negative in the local bourse as sell pressures on TRANSCOHOT (-10.0%) drove the NGX ASI lower by 0.1% to 95,718.05 points. As a result, the MTD and YTD returns settled at -2.1% and +28.0%, respectively. The total volume traded increased by 11.9% to […]
NGXASI Declines -0.12%, Dragged by BUAFOODS, STANBIC, TRANSCOHOT
August 22, 2024/InvestmentOne Report The NGXASI declined today by 0.12% to close at 95,718.05pts as losses in TRANSCOHOT (-10.00%), STANBIC (-4.74%) and BUAFOODS (-0.24%) drove the domestic equities market into the red zone. In the fixed income space, the Treasury Bills secondary market closed positive as there was optimistic sentiment along […]
