Investors Bite

Intraday Update: Nigerian Stocks Inch Up +0.23% on Bellwether Gains

September 13, 2024/InvestmentOne Update ASI as at 12.00pm: +0.23% Top Gainers and Losers: TIP (+10.00%), CAVERTON (+9.96%), NSLTECH (-10.00%) and CUSTODIAN (-8.45%). Sector Performances: Banking (+1.89%), Consumer Goods (+0.10%), Industrial and Oil & Gas. Market activity: In today’s trade, total volume and value declined by 44% and 48% respectively when […]

United Capital Weekly Pan African Monitor Friday 13-September-2024

September 13, 2024/United Capital Research Anglophone West Africa Nigeria Nigeria’s Company Income Tax (CIT) collection rises by 150% in Q2, 2024 Company Income Tax (CIT) collection in the second quarter of 2024 rose by 150.83% to N2.47tn. In the first three months of the year, CIT collection stood at N984.61bn. […]

AfDB Launches $2 Billion 3.500% Fixed Rate Social Global Benchmark Due 18 September 2029 on Diamond Jubilee Celebration

The new 5-year USD transaction, issued in a social bond format under the Bank’s Sustainable Bond framework, marks AfDB’s second USD Global Benchmark in 2024 following the 3-year USD 2 billion social benchmark transaction issued in January September 12, 2024/AfDB The African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA […]