June 13, 2024/InvestmentOne Report The NGXASI advanced by 0.20% today to close at 99,832.25pts, as the bullish sentiment on UBA (+6.24%), ZENITHBANK (+2.86%) and NB (+10.00%) propelled the market into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note, as yields fell […]
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UBA Drives Nigerian Stocks to 0.2% Gain
June 13, 2024/Cordros Report EQUITIES Bullish sentiments resurfaced in the domestic equities market today, as bargain hunting in UBA (+6.2%) drove the All-Share Index higher by 0.2% to close at 99,832.25 points. As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +33.5%, respectively. The total volume traded […]
Tolaram Group to Acquire 58.02% Stake in Guinness Nigeria as Diageo Exits
June 11, 2024/NGX Tolaram Group has signed an agreement to acquire 58.02% of Diageo’s shareholding in Guinness Nigeria. Additionally, Tolaram will establish long-term license and royalty agreements for the ongoing production of the Guinness brand, Diageo’s locally manufactured ready-to-drink beverages, and mainstream spirits brands. The completion of this transaction is expected […]
