Investors Bite

Nigerian Bourse Records Third Straight Loss -0.5% Dragged by AIRTELAFR

August 16, 2023/Cordros Report EQUITIES   The local bourse recorded its third consecutive loss this week, following profit-taking activities on AIRTELAFRI (-5.3%). Consequently, the All-Share index declined by 0.5% to 64,625.28 points. Accordingly, the MTD and YTD gains fell to +0.5% and +26.1%, respectively.   The total volume traded increased […]

Seplat Energy Announces Serious Incident Involving “Majestic” Rig

August 16, 2023/NGX Seplat Energy regrets to announce a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. Seplat as the operator of the SEPLAT/NNPCL joint venture contracted the rig. It was in-transit to its planned drilling location at Ovhor in Delta State […]

Airtel Africa Announces Share Capital Reduction

August 16, 2023/NGX Airtel Africa has announced that the cancellation and extinction of all of its deferred shares of USD $0.50 nominal value each, which was approved by shareholders at the annual general meeting of the Company held on 4 July 2023, was today sanctioned by the High Court of […]