Author: InvestAdvocate

AfDB, ARC Issue $11.2 Million Insurance Payout to the Government of Malawi

The drought recovery insurance payout will support more than 350,000 Malawi households impacted by climate change-related weather extremes August 19, 2024/AfDB Representatives of the African Risk Capacity (ARC) Group and the African Development Bank have presented a cheque to the government of Malawi for an insurance payout of $11.2 million, […]

Dangote Cement Plc Earnings Report: Strong Topline Growth Bolsters Earnings

August 19, 2024/InvestmentOne Report Dangote Cement PLC recently released its unaudited financial report for the first half of 2024, revealing a significant year-on -year (YoY) revenue growth of 85.11%, reaching NGN1.76trn, from NGN950.83bn in the previous year. This impressive growth is attributable to a combination of double-digit growth in Nigeria […]

NGXASI Dips -1.36% on Losses in Bellwether Counters to Open Week

August 19, 2024/InvestmentOne Report The NGXASI declined today by 1.36% to close at 95,781.68pts as losses in DANGCEM (-10.00%), DANGSUGAR (-5.29%) and NB (-3.45%) offset the gains in BUACEMENT (+3.73%), TRANSCOHOT (+6.25%) and OANDO (+9.90%). In the fixed income space, the Treasury Bills secondary market closed up as we observed buy pressure […]