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MIDDAY UPDATE: Nigerian Stocks Decline –4.04% on Losses Across Sectors

March 10, 2020/InvestmentOne Update ASI as at 12.00pm: -4.04%.  Market movers: MTNN (-10.00%), GUARANTY (-9.93%), TRANSCORP (+3.90%)  and NEM (+1.16%). Sector Performances: Banking (-11.24%), Consumer Goods (-2.17%), Industrial (-1.03%) and Oil & Gas (-0.93%). Market activity: In today’s early trade, total volume and total value rose by 229% and 122% […]

Airtel Africa Acquires Spectrum for $94 Million

March 9, 2020/NSE Airtel Africa plc (“Airtel Africa”), a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that it has finalized the acquisition of 10 MHz spectrum in the 900 MHZ band in Nigeria from Intercellular Nigeria Limited for a […]

Global Uncertainty Causes Huge Selloffs in Nigerian Stocks, as NSEASI Drops -2.41%

March 9, 2020/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 2.41% to close at 25,647.54pts. In today’s trade, market breadth index was strongly negative with 39 losers against 1 gainer. ACCESS (-10.00%) led the  losers’ chart while was the top gainer CHIPLC (+7.14%).                                                                                                  ZENITHBANK (-9.84%) was the most […]