Investors Bite

Nigerian Stocks Extend Loss -1.9%, Dragged by MTNN

July 26, 2022/Cordros Report EQUITIES   The Nigerian equities market sustained yesterday’s bearish sentiments as sell-offs of MTNN (-9.6%) stocks drove today’s loss. Thus, the All-Share Index fell by 1.9% to 50,442.37 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -2.7% and +18.1%, respectively.   The total volume traded increased […]

BUACEMENT Partners IFC on Loan for Expansion

July 25, 2022/NGX In furtherance of our disclosure obligations pursuant to Chapter 17 of the Rulebook, BUA CEMENT PLC (BUA CEMENT or the COMPANY) hereby notifies Nigerian Exchange Limited (NGX), its esteemed Shareholders and the investing public that the Company has gone into discussion with the International Finance Corporation (IFC), […]

Airtel Kenya Buys $40 Million Additional Spectrum from Country Authorities

July 25, 2022/NGX Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its Kenya subsidiary, Airtel Kenya Networks Limited (‘Airtel Kenya’), has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority […]