September 20, 2021/Cordros Research EQUITIES Activities in the domestic bourse resumed the week negatively following selloffs in Tier-1 Banks – GTCO (-2.5%) and ZENITHBANK (-1.3%). Accordingly, the All-Share Index ended the session 0.1% lower at 38,906.42 points. Consequently, the Month-to-Date and Year-to-Date losses increased to -0.8% and -3.4%, respectively. The […]

September 19, 2021/NGX We refer to our Market Bulletin of 1 July 2021, with reference number: NGXREG/LRD/MB22/21/07/01, wherein the market was notified of the suspension placed on trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints) as a result of the Scheme of Merger between Chemical and Allied Products […]

September 19, 2021/SEC Nigeria In a bid to further protect investors and deepen the capital market, the Securities and Exchange Commission has announced that it has commenced the implementation of 100% custody requirement in the Collective Investment Schemes sector. Director General of the SEC, Mr. Lamido Yuguda stated this in […]