June 30, 2021/ARM Securities In a few hours, we will be ending the first half of the year 2021 and starting the second and final half. How time flies. After going through the pandemic year 2020, many of us promised ourselves to regain lost grounds by setting up investment goals. […]
Investors Bite
DANGSUGAR, UBN, FCMB Drive Nigerian Stocks to +0.2% Gain as Previous Loss Erased
June 29, 2021/Cordros Report EQUITIES The domestic equities market snapped yesterday’s loss, following late interest in DANSUGAR (+4.2%) and some Tier-2 banks – UBN (+3.7%) and FCMB (+8.1%). Specifically, the All-Share Index advanced by 0.2% to 37,640.75 points. Accordingly, Month-to-Date and Year-to-Date losses moderated to -2.1% and -6.5%, respectively. The […]
SEC Grants CowryWise Fund/Portfolio Management Licence
June 29, 2021/CowryWise The Securities and Exchange Commission (SEC) of Nigeria has granted Cowrywise Financial Technology Limited (“Cowrywise”) a Fund/Portfolio Management License. This will enable it to operate as a full-fledged fund/portfolio management company. Cowrywise is a Nigerian-based fintech company democratizing access to investment products for retail investors. Securing a […]
