Investors Bite

Wema Bank Seek Additional N200Bn Via Rights Issue, Special Placement

January 30, 2025/Wema Bank Plc Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with […]

Nigerian Stocks Advance +0.19% on Gains in Bellwether Counters

January 30, 2025/InvestmentOne Report The NGXASI advanced by 0.19% today to close at 104,744.43pts, as gains in DANGCEM (+2.34%), TRANSCORP (+3.49%) and OANDO (+2.01%) drove the local bourse into the green zone. In the fixed income space, the Treasury Bills secondary market closed positive following buy pressure observed across the curve. Consequently, Average T-Bills […]

Nigerian Equities Extend Bullish Run, Gains +0.2% Buoyed by DANGCEM, TRANSCORP

January 30, 2025/Cordros Report EQUITIES The local bourse extended yesterday’s gains as buying interests in DANGCEM (+2.3%) and TRANSCORP (+3.5%) caused a 0.2% increase in the benchmark index to 104,744.43 points. Consequently, the Year-to-Date returns settled at +1.8%. The total trading volume increased by 18.0% to 497.36 million units, valued at […]