Accordingly, the All-Share Index fell below the 38,000 psychological mark, as it declined by 0.6% w/w to 37,994.19 points. Notably, selloffs in AIRTELAFRI (-10.0%) and DANGSUGAR (-3.0%) drove the weekly loss. July 9, 2021/Cordros Report Global economy Private sector activity in the Eurozone expanded to a 15-year high in June […]

July 8, 2021/Cordros Report EQUITIES Sentiments in the domestic bourse turned negative, as sell-offs of Tier 1 banks – ACCESS (-3.2%) and UBA (-2.6%) – triggered a 0.1% decline in the All-Share Index to 38,469.87 points. Consequently, the Month-to-Date return moderated to +1.5%, while the Year-to-Date loss increased to -4.5%. […]

July 7, 2021/NGX FCMB Group Plc (Bloomberg: FCMB) hereby notifies the Nigerian Exchange Limited (“NGX”) that its pension management subsidiary, FCMB Pensions Limited (“FCMB Pensions”) has received relevant regulatory approvals and concluded the acquisition of a 60% stake in AIICO Pension Managers Limited (“AIICO Pensions”). This is made up of […]