Investors Bite

United Capital Weekly Pan African Monitor Friday 19-Jan-2024

January 19, 2024/United Capital Anglophone West Africa Nigeria Nigeria inflation rises slightly to 28.92% y/y in December Nigeria’s annual inflation rose to 28.92% in December from 28.20% in November, with food prices a key contributor, its bureau of statistics said on Monday. Read More CBN, not Customs, adjusted exchange rate […]

Intraday Update: Nigerian Equities Gain +2.49% Driven by Blue Chips

January 19, 2024/InvestmentOne Update ASI as at 12.00pm: +2.49% Top Gainers and Losers: BUACEMENT (+10.00%), MAYBAKER (+9.99%), PZ (-9.95%) and ROYALEX (-9.64%). Sector Performances: Industrial (+9.20%), Oil & Gas (+0.53%), Consumer Goods (+0.40%) and Banking (-0.87%). Market activity: In today’s trade, total volume and value decreased by 40% and 12% respectively, […]

Glaxosmithkline Announces SEC Approval, Court Sanction to Delist from NGX

January 18, 2024/NGX Following the Court Ordered Meeting held on December 5, 2023, at which the shareholders of GlaxoSmithKline Consumer Nigeria Plc approved the proposed Scheme of Arrangement, GSK Consumer Nigeria hereby notifies that the Company has now received Securities and Exchange Commission’s Formal Approval of the Scheme.  The order of […]