September 19, 2023/InvestmentOne Update ASI as at 12.00pm: +0.58% Top Gainers and Losers: ELLAHLAKES (+10.00%), BERGER (+9.95%), ETERNA (-10.00%) and MULTIVERSE (-9.93%). Sector Performances: Consumer Goods (+3.22%), Industrial (+0.60%), Banking (+0.14%) and Oil and Gas (-0.32%). Market activity: In today’s trade, total volume and value declined by 0.41% and 69%, compared […]

September 12, 2023/CSL Research Based on new industry data from the Nigerian Communications Commission (NCC), Nigeria’s active mobile subscriptions increased marginally by 0.4% to 220.9 million in July 2023 compared to 220.1 million recssorded in June 2023. This indicates that the country’s mobile subscriptions increased by 770,889 subscribers in July. […]

August 31, 2023/CSL Research The World Bank in its Global Economic Prospects: “Weakening Growth, Financial Risks” revised its Gross Domestic Product (GDP) projection down to 2.8%y/y from 2.9% previously projected. The World Bank notes that the growth in Nigeria is dampened by the failure of oil production to rebound to […]