Updates

Intraday Update: Nigerian Stocks Gain +0.03% Driven by Banking, Oil & Gas Counters

February 3, 2023/InvestmentOne Update ASI as at 12.00pm: +0.03% Market Mover: MTNN (+1.88%) Top Gainers and Losers: FTNCOCOA (+10.00%), INTENEGINS (+10.00%), AIRTELAFRI (-9.99%) and SEPLAT (-7.17%). Sector Performances: Oil and Gas (+0.22%), Banking (+0.11%), Consumer Goods and Industrial. Market activity: In today’s trade, total volume and value decreased by 4% […]

At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030 February 3, 2023/AfDB The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth […]

United Capital Weekly Pan African Monitor Friday 3rd February 2023

February 3, 2023/United Capital Research Anglophone West Africa Nigeria Bloomberg reports revealed Nigeria’s sovereign-risk premium jumped the most in three months earlier in the week. The extra yield investors demand to own the West African country’s dollar debt rather than US Treasuries widened 49bps to 780bps, according to JPMorgan Chase […]