March 20, 2023/Cordros Report EQUITIES The domestic equities market resumed the week’s trading on a sour note, as profit-taking activities in STANBIC (-8.5%) and NB (-3.1%) undermined market performance. As a result, the All-Share Index declined by 0.1% to 54,886.04 points, with the Month-to-Date and Year-to-Date returns settling at -1.6% […]
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Unilever Nigeria Announces Repositions for Sustained Profitability
March 20, 2023/NGX Unilever Nigeria Plc hereby notifies the Investing Public as follows: The Company will make changes to its business model in order to accelerate growth and sustain profitability while enhancing its ability to meet consumer needs. The 100-year-old consumer goods company will repurpose its portfolio while putting in […]
US Bank Failures Highlight Stablecoin Counterparty Risks
March 17, 2023/Fitch Ratings The immediate risk to US dollar stablecoin issuers posed by the failure of US banks acting as custodians for their deposits appears to have receded, but recent developments have highlighted the issuers’ exposure to contagion and counterparty risk, Fitch Ratings says. In January 2023, Fitch […]
