June 11, 2024/Cordros Report EQUITIES The Nigerian equities market reversed yesterday’s gains as sell pressures on MTNN (-0.4%) undermined market performance. Consequently, the NGX ASI dipped by 0.2% to close at 99,630.51 points. As a result, the Month-to-Date and Year-to-Date returns printed +0.3% and +33.2%, respectively. The total volume of […]
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Afreximbank Disburses $40 Million to Support Fidelity Bank’s Acquisition of Union Bank UK
With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa June 10, 2024/Afreximbank African Export-Import Bank (Afreximbank) has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc (“Fidelity”) […]
NGXASI Advance +0.58%, Buoyed by Bellwether Counters
June 10, 2024/InvestmentOne Report The NGXASI advanced by 0.58% today to close at 99,793.71pts, as the buying interest in ACCESSCORP (+9.86%), TRANSCOHOT (+5.48%) and ZENITHBANK (+4.66%) propelled the equities market into the positive zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note, as yields moderated […]
