Investors Bite

African and global institutional investors sign on to new $500m infrastructure fund

The fund will catalyse further investment flows into critical infrastructure, including energy, transportation, telecommunications, and water July 6, 2023/AfDB Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund – a move described as an unprecedented milestone for Africa. The fund is […]

NGX Bullish Run Boosted by Oil and Gas Sector

July 6, 2023/InvestmentOne Report The NGX-ASI recorded gains of 0.81% to settle at 62,019.88 points.  In today’s trade, market breadth index was positive with 54 gainers against 18 losers.  CONOIL (+10.00%) was the top gainer today, while WAPIC (-9.59%) led the losers.                                                                                                                 FBNH (+2.70%) was the most actively traded stock with […]

Nigerian Equities Sustain Previous Gains as DANGCEM Spur Indices Up +0.8%

July 6, 2023/Cordros Report EQUITIES The Nigerian equities market sustained the previous session’s gains, as bargain hunting in DANGCEM (+1.8%), spurred a 0.8% increase in the All-Share Index to 62,019.88 points. Accordingly, the Month-to-Date and Year-to-Date returns printed +1.7% and +21.0%, respectively. The total volume traded increased significantly by 543.2% […]