August 29, 2024/Cordros Report EQUITIES Sentiments in the domestic bourse turned positive as bargain-hunting activities witnessed in OANDO (+10.0%) triggered a 0.2% gain in the benchmark index. As a result, the NGX ASI closed at 96,407.88 points, with the MTD and YTD returns printing -1.4% and +28.9%, respectively. The total […]
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SEC Issues First Local Cryptocurrency Exchange License
August 29, 2024/CSL Research The Nigerian Securities and Exchange Commission (SEC) has recently issued its first provisional operating license to Quidax, an Africa-based cryptocurrency exchange. This significant regulatory shift comes in the wake of the SEC’s June 2024 directive requiring cryptocurrency exchanges and digital asset traders to re-register their businesses […]
Intraday Update: Nigerian Stocks Inch Up +0.26% on Bellwether Gains
August 29, 2024/InvestmentOne Update ASI as at 12.00pm: +0.26% Top Gainers and Losers: INTBREW (+10.00%), OANDO (+9.98%), SCOA (-9.79%) and SOVRENINS (-8.20%). Sector Performances: Consumer Goods (+1.43%), Oil & Gas (+0.41%), Banking (-0.49%) and Industrial (-0.01%). Market activity: In today’s trade, total volume advanced by 176%, while total value declined […]
