July 28, 2023/United Capital Research Anglophone West Africa Nigeria CBN raises interest rate to 18.75% The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points from 18.50 per cent to 18.75 per cent. In addition, the committee voted […]

The funds invested by Vantage Capital facilitated the exit of the private equity fund AfricInvest and will also serve to part-fund Promamec’s next phase of development July 27, 2023/Vantage Capital Group Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it closed a €30 million equity investment for the […]

July 27, 2023/Cordros Report EQUITIES   The local bourse extended yesterday’s loss as investors sold off GTCO (-3.1%) and FBNH (-4.4%) stocks. As a result, the All-Share Index closed at 65,482.91 points, declining by 0.3%. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +7.4% and +27.8%, respectively.   The total […]