November 21, 2022/InvestmentOne Update ASI as at 12.00pm: +0.34% Market movers: NB (+9.94%), PZ (+7.56%), AIICO (-5.36%) and WAPIC (-3.03%). Sector Performances: Consumer Goods (+2.35%), Banking (+0.19%), Industrial and Oil and Gas. Market activity: In today’s trade, total volume decreased by 16% while total value increased by 169%, compared to […]
Investors Bite
African Exchanges Linkage Project (AELP) Goes Live on Cross-border Trading
November 19, 2022/NGX The AELP has today gone live on integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent through the AELP Link platform. The go-live happened when the platform was officially switched on at 0000 UTC. The interconnectivity platform enables the […]
A successful bond auction for the DMO
November 18, 2022/Coronation Research The DMO held its monthly auction of FGN bonds on Monday (14 November ’22). It offered N225bn (USD503.7m) but raised N269.1bn (USD602.4m), through re-openings of the 14.55% FGN APR 2029, 12.50% FGN APR 2032 and 16.24% 2037 FGN bonds. The participation level (demand) at this auction […]
