Investors Bite

ARADEL, OANDO Drives Nigerian Stocks to +0.5% Gain

November 28, 2024/Cordros Report EQUITIES The Nigerian equities market traded with bullish sentiments, as gains in OANDO (+5.4%) and ARADEL (+9.2%) drove the All-Share Index higher by 0.5% to 97,783.81 points. Sequentially, the Month-to-Date and Year-to-Date returns settled higher at +0.1% and +30.8%, respectively. The total volume traded declined by 21.4% to […]

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

November 27, 2024/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four bogus regulators. The SEC’s list of soliciting entities that have been […]

Bears Resurface as Nigerian Bourse Declines -0.4% on ARADEL Losses

November 27, 2024/Cordros Report EQUITIES The bears resurfaced in the domestic equities market as profit-taking activities in ARADEL (10.0%), NB (-5.3%) and FIDELITYBK (-1.6%) triggered a 0.4% decrease in the All-Share Index to 97,296.57 points. As a result, the Month-to-Date and Year-to-Date returns printed -0.4% and +30.1%, respectively. The total […]