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 […]
Author: InvestAdvocate
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 […]
The Manufacturing Sector Continues to Grapple with Economic Challenges
September 11, 2024/CSL Research In the Q2 2024 Nigeria GDP report, the manufacturing sector’s performance remained relatively weak. According to the National Bureau of Statistics (NBS), the manufacturing sector in real term grew by 1.28% y/y in the second quarter of 2024, a decline compared to its growth rate of […]
