The six-week losing streak in the market came to a halt this week, as investors reacted positively to juicy dividends declared by blue-chip companies DANGCEM and STANBIC. Consequently, the All-Share Index advanced by 2.2% w/w to close at 39,216.20 points. March 26, 2021/Cordros Report Global economy Overall business activity in […]
Investors Bite
Equities Market Performance Weakens as Investors Book Profit ahead of Corporate Releases
March 26, 2021/Cowry Asset Report In the just concluded week, latest report by the Nigerian Stock Exchange (NSE) on domestic and foreign portfolio participation in equities trading showed that total equities market transactions mellowed month on month (m-o-m) in February 2021 when compared to transactions done in January 2021. Specifically, […]
Access Bank Gets Regulatory Approval to Acquire South African Grobank
March 26, 2021/NSE Sequel to its earlier announcement on September 29, 2020, Access Bank Plc (‘Access Bank’ or ‘the Bank’) announces today that it has received the approvals of the South African and Nigerian regulatory authorities to its proposed acquisition of the South African-based Grobank Limited (‘Grobank’). These approvals constitute […]
