July 26, 2024/Coronation Research The DMO held its monthly auction of FGN Bonds this week (22, July ’24). It offered N300bn but raised N225.7bn through re-openings of the 19.30% FGN APR 2029, 18.50% FGN FEB 2031 and 19.89% FGN MAY 2033. The bids were allotted at marginal rates of 19.89% […]
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Bellwether Counters Triggered -2.3% NGX Weekly Decline Following Rate Hikes to 26.75%
We observed increased sell pressures across industrial goods, consumer goods, and banking stocks, as profit-taking activities in DANGCEM (-10.0%), UBA (-7.9%), FBNH (-4.8%) and DANGSUGAR (-7.3%) triggered a 2.3% w/w decline in the All-Share Index to 98,201.49 points. July 26, 2024/Cordros Report Global According to the Bureau of Economic Analysis […]
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 […]
