June 21, 2022/Cordros Report EQUITIES The Nigeria equities market edged a positive performance in today’s trading session, as bargain hunting in DANGCEM (+8.3%) ensured the market closed higher. Precisely, the NGX ASI advanced by 0.7% to 51,091.75 points. Consequently, the Month-to-Date loss moderated to -3.6%, while the Year-to-Date return increased […]

June 20, 2022/Cordros Report EQUITIES The domestic bourse kicked off the week on a negative note as profit-taking witnessed in DANGCEM (-10.0%) caused a 2.0% decline in the benchmark index. Thus, the NGX ASI settled at 50,756.74 points. Accordingly, the Month-to-Date loss settled at -4.2%, while the Year-to-Date return moderated […]

June 20, 2022/United Capital Research Macro Highlights and Outlook Last week, the African Export-Import Bank (Afreximbank) under its Pandemic Trade Impact Mitigation Facility (PATIMFA), has disbursed $150.0mn to First Bank of Nigeria Ltd. The funds will be accessible to First Bank clients involved in the development and importation of supplies […]