Investors Bite

Oando Announces Approval of the Acquisition of 100% Shares of Nigerian Agip

July 25, 2024/NGX Oando Plc, Nigeria’s Indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange, is pleased to announce that Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of 100% of the shares of Nigerian Agip […]

NGXASI Declines -0.21%, Dragged by Banking Counters

July 25, 2024/InvestmentOne Report The NGXASI declined by 0.21% today to close at 100,156pts, as the losses in ZENITHBANK (-2.57%), FBNH (-2.79%) and UBA (-2.78%) drove the domestic bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed bearish today, driven by the selloffs observed in […]

FBNH, ZENITHBANK Pressure Nigerian Bourse to -0.02% Loss

July 25, 2024/Cordros Report EQUITIES The local bourse extended yesterday’s loss as sell pressure on ZENITHBANK (-2.6%) and FBNH (-2.8%) caused a 0.2% decline in the NGX ASI to 100,156.96 points. Consequently, the Month-to-Date and Year-to-Date returns printed +0.1% and +34.0%, respectively.   The total volume traded increased by 169.1% to 1.34 […]