June 5, 2023/Cordros Report EQUITIES The Nigerian equities market opened the week with mixed sentiments as losses in FBNH (-4.2%) and ZENITHBANK (-2.3%) proved sufficient in offsetting the gain in UBN (+9.7%). As a result, the All-Share Index declined marginally by 2bps to close at 55,806.71 points. Consequently, the Month-to-Date […]
Investors Bite
NGXASI Closes Week Green +5.4% Driven by Bellwether Counters
June 2, 2023/Cordros Report Notably, intense buying activities on the first trading session of the holiday shortened week resulted in the market recording its biggest single-day gain (+5.2%) since 12 November 2020 (+6.2%). As such, the All-Share Index ended the week in the green, closing higher by +5.4% w/w at […]
United Capital Weekly Pan African Monitor Friday 02-Jun-23
June 2, 2023/United Capital Anglophone West Africa Nigeria Nigeria’s tax-to- GDP ratio rises to 10.86% – FIRS Nigeria’s Federal Inland Revenue Service (FIRS) revealed that as of the end of 2021, Nigeria’s tax-to-GDP ratio grew to 10.86% from 6%, accounting for tax revenues from other government agencies apart from the […]
