Investors Bite

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 […]

Market Extends Losses, Down by 47bps on Losses in AIRTEL, Banking Sector

August 16, 2023/InvestmentOne Report The local bourse declined by 0.47% as the NGX-ASI settled at 64,625.28pts.  In today’s trade, market breadth index was negative with 22 losers against 17 gainers.  ETERNA (+10.00%) was the top gainer today, while NEM (-10.00%) led the losers.                                                                                                                 GTCO (-0.53%) was the most actively traded stock […]