Investors Bite

Nigerian Equities Sustain Bullish Run, NGXASI Gains +0.2%, Driven by OANDO

September 2, 2024/Cordros Report EQUITIES The Nigerian equities market commenced the week and month positively as demand for OANDO (+10.0%) drove the All-Share Index higher by 0.2% to 96,793.95 points. As a result, the Year-to-Date return increased to +29.5%. The total volume of trades declined by 13.2% to 498.12 million units, valued […]

Intraday Update: Nigerian Stocks Gain +0.29%, Buoyed by Bellwether Counters

September 2, 2024/InvestmentOne Update ASI as at 12.00pm: +0.29% Top Gainers and Losers: OANDO (+9.95%), IMG (+9.85%), RTBRISCOE (-9.86%) and WAPIC (-9.41%). Sector Performances: Oil & Gas (+1.97%), Banking (+1.49%), Industrial (+0.06%) and Consumer Goods (+0.03%). Market activity: In today’s trade, total volume declined by 63%, while total value advanced […]

UsPlus Raises ZAR 80 Million from Its Inaugural Listed Bond Issuance

This is the fourth investment into UsPlus arranged by Verdant from international development finance institutions and impact investors August 30, 2024/Verdant Capital Verdant has raised ZAR 40 million for Us Plus Limited (“UsPlus”) as a senior unsecured note through UsPlus’ JSE-listed social bond. The investment comes from an Africa-focused fund […]