Investors Bite

FBNH, GTCO Drags Nigerian Stocks Down -0.01%

September 21, 2022/Cordros Report EQUITIES The domestic bourse settled lower following profit-taking activities in FBNH (-3.3%) amid the markdown in GTCO. Thus, the All-Share Index declined by 0.1% to close at 49,421.91 points. Accordingly, the Month-to-Date loss and Year-to-Date gain settled at -0.8% and +15.8%, respectively. The total volume traded […]

A Satisfactory Bond Auction for the DMO

September 21, 2022/Coronation Research The DMO held its monthly auction of FGN bonds on Monday (19 September ’22). It offered N225bn but raised N229.2bn (competitive allotment only) through re-openings of the 2025, 2032 and 2037 FGN bonds. The participation level was slightly lower when compared to the auction held in […]

NGX Group Reiterates Commitment Towards Upholding Corporate Governance

September 21, 2022/NGX The Nigerian Exchange Group Plc., (NGX Group or The Group) has maintained that it will continue to uphold the highest corporate governance standards and remains on course with its long-term strategy to provide competitive returns for its investors. In an official statement released to the investing public […]