Investors Bite

LFZC Announces Series 9 & 10 Commercial Paper Issuance of Up to N10.93 Billion

December 13, 2024/FSDH Update The Lagos Free Zone Company (“Issuer” or the “Company”) has opened the Series 9 & 10 Commercial Paper Issuance (“CP” or the “Issuance”), under its N30 billion Commercial Paper Programme (the “Issue”).  Lagos Free Zone Company is the licensee and operator of the Lagos Free Zone […]

Seplat Energy Completes Acquisition of MPNU

·        Seplat Energy becomes Nigeria’s leading independent energy company ·        Production doubles, combined assets include 11 blocks (onshore and shallow water Nigeria); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals ·        Approximately 1,000 staff and 500 contractors will transition to the Seplat Group.  December […]

Nigerian Equities Close Higher +0.3%, Buoyed by WAPCO

December 12, 2024/Cordros Report EQUITIES The domestic stock market closed higher for the third consecutive day as sustained interest in WAPCO (+6.1%) caused a 0.3% increase in the NGX ASI to 98,760.59. Accordingly, the Month-to-Date and Year-to-Date returns improved to +1.3% and +32.1%, respectively. The total trading volume increased by […]