The bears continued to dictate proceedings in the local bourse as the market suffered its fourth consecutive weekly loss. Precisely, the All-Share Index shed 0.5% to close at 46,631.46 points. April 8, 2022/Cordros Report Global Economy According to S&P Global, Eurozone’s Composite PMI (54.9 points vs February: 55.5 points) remained […]
Investors Bite
Dangote Cement Seeks Fresh Funds under its N300Bn Debt Issuance
April 7, 2022/NGX Dangote Cement Plc has obtained approval from its Board of Directors to access the Capital Markets for medium to long-term debt funding. The Company had submitted an application to the Securities and Exchange Commission in respect of the bonds, and relevant approvals have now been received. The […]
Bears Sustain Hold on Nigerian Bourse as MTNN Pulls Down Market -0.5%
April 7, 2022/Cordros Report EQUITIES The domestic bourse closed lower following the markdown in MTNN. Thus, the NGX ASI dipped by 0.5% to close at 46,543.51 points. Accordingly, the Month-to-Date loss increased to -0.9%, while the Year-to-Date return moderated to +9.0%. The total volume of trades declined by 6.7% to […]
