The NGXASI advanced today by 0.22% to close at 97,123.61pts, as buy interest particularly in banking stocks including UBA (+9.87%), ZENITHBANK (+5.78%) and ACCESSCORP (+4.89%) buoyed the domestic bourse into the green terrain. In the fixed income space, the Treasury Bills secondary market closed up majorly due to buy pressure at the […]
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Monthly Equities Market Insight – October 2024
November 5, 2024/InvestmentOne Update The domestic bourse shed 0.92% month-on-month to close negative in October 2024, as the NGXASI lost some of the gains made in the previous month (September 2024: +2.05%). The performance was driven by selloffs especially in large cap stocks like DANGCEM (-1664.91pts), BUACEMENT (-758.75pts), MTNN (594.37pts), […]
Coca-Cola Beverages Africa Invests $50 Million in Namibia, Boosting Production Capacity by 30%
The investment also includes the installation of a water treatment plant with state-of-the-art water recovery technology, designed to reduce water consumption November 4, 2024/Coca-Cola Beverages Africa Coca-Cola Beverages Africa (CCBA) has invested $50 million in a new bottling line in Namibia, capable of producing 27,000 bottles per hour. This upgrade […]
