Investors Bite

MTN Nigeria Raises N75.18Bn Via Commercial Paper Issuance

November 18, 2024/NGX MTN Nigeria Communications Plc has announced the successful completion of its Series 11 & 12 Commercial Paper (CP) issuance under its N250bn Commercial Paper Issuance Programme. Initially seeking to raise N50bn, the offering was oversubscribed by 150%, resulting in a total issuance of N75.18bn. This was disclosed […]

Nigerian Bourse Trades Marginally Higher +3Points, Buoyed by Blue Chips

November 18, 2024/Cordros Report EQUITIES The domestic stock market traded marginally higher as buying interest in WAPCO (+9.5%) offset sell pressures on ACCESSCORP (-3.0%) and TRANSCORP (-1.4%). Thus, the benchmark index advanced by 3bps to 97,747.27 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at +0.1% and +30.7%, respectively.   […]