February 28, 2024/InvestmentOne Report The NGXASI declined by 1.27% today to close at 99,302.57pts, as selloffs in FBNH (-9.97%), DANGSUGAR (-9.67%) and GTCO (-8.75%) drove the market into the red zone. In the Fixed income space, the Treasury Bills secondary market closed down, driven by bearish sentiments across all tenor, consequently Average T-Bills […]
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Africa’s Energy Frontiers Draw Chinese Investors
As China’s state oil firms spearhead deepwater exploration and pipeline infrastructure across the continent, the Invest in African Energy forum aims to unlock further Chinese capital and participation February 28, 2024/Energy Capital & Power As the continent’s largest trading partner, China has played an active role in harnessing Africa’s energy […]
Bears Sustain Hold as Nigerian Equites Dip -1.3% Dragged by DANGSUGAR
February 28, 2024/Cordros Report EQUITIES The Nigerian equities market maintained its bearish streak as sell pressures on DANGSUGAR (-9.7%) and tier-1 banks weighed on today’s performance. As a result, the All-Share Index dipped by 1.3% to close at 99,302.57 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -1.8% […]
