May 12, 2026/Cordros Report EQUITIES Nigerian equities closed today’s session on a negative note, as selloffs in BUACEMENT (-10.0%), FIRSTHOLDCO (-4.0%), GTCO (-0.5%) and OANDO (-3.1%) drove the All-Share Index lower by 1.0% to 248,949.37 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +2.8% and +60.0%, respectively. The total […]
Author: InvestAdvocate
NTB Primary Market Auction Result for 20 May 2026
May 20, 2026/Cordros Update At today’s NTB primary market auction, the DMO offered NGN650.00 billion across tenors, with total demand reaching NGN1.99 trillion, translating to a bid-to-offer ratio of 3.1x. The DMO ultimately allotted NGN829.33 billion, implying a bid-to-cover ratio of 2.4x. Stop rates stayed unchanged at 15.95%, 16.14% and 16.15% for the 91-, 182- and 364-day […]
Refinery Listing Will Democratise Africa’s Industrial Prosperity – Dangote
… South African investors eye investment opportunities May 20, 2026/Dangote Group President/Chief Executive, Dangote Group, Aliko Dangote, has said the planned listing of the Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange is designed to democratise wealth creation and give Africans direct access to participate in the continent’s industrial […]
