Investors Bite

CBN reviews tenors for Executive and Non-Executive Directors

February 27, 2023/CSL Research The Central Bank of Nigeria (CBN) has in a circular dated 24 February 2023 reviewed the tenure for Executive Management and Non-executive Directors of Deposit Money Banks and Financial Holding Companies. Based on the circular, the tenure for Executive Directors (EDs), Deputy Managing Directors (DMDs) and […]

Nigerian Stocks Start Week Green +0.7% Buoyed by Bargain-Hunting in BUAFOODS

February 27, 2023/Cordros Report EQUITIES The Nigerian equities market carried on last week’s bullish performance, as bargain-hunting in BUAFOODS (+4.7%) triggered a 0.7% gain in the benchmark index to 55,328.42 points. Consequently, the Month-to-Date and Year-to-Date returns printed +3.9% and +8.0%, respectively. The total volume traded increased by 25.8% to […]

Bulls Dominates as Nigerian Bourse Records +0.55% Gain

February 24, 2023/InvestmentOne Report The Nigerian equities market recorded a buoyant movement in price today as the NGX-ASI rose by 0.55% to settle at 54,949.21pts.  In today’s trade, market breadth index was broadly positive with 31 gainers against 12 losers.   MCNICHOLS (+10.00%) was the top gainer, while LIVINGTRUST (-10.00%) led […]