January 30, 2023/CoinJournal New research has revealed Nigeria has the 4th most crypto owners in the world. A new global study from CoinJournal reveals the countries that have had the most success in the cryptocurrency industry looking at factors including the number of owners, crypto gains and number of companies […]
Updates
Moody’s Downgrade: Fiscal Path Dependent on Election Outcome
January 30, 2023/Cordros Report On Friday, 27 January, Moody’s Investors Service (“Moody’s”) downgraded Nigeria’s sovereign credit rating further to ‘Caa1’ from ‘B3’ and changed the outlook to ‘Stable’. We note that obligations rated ‘Caa1’ are judged to be of poor standing and are subject to very high credit risk. Accordingly, […]
Intraday Update: Nigerian Stocks Advance +0.09% Buoyed by Banking Counters
January 30, 2023/InvestmentOne Update ASI as at 12.00pm: +0.09% Top Gainers and Losers: MAYBAKER (+9.82%), COURTVILLE (+8.51%), FTNCOCOA (-10.00%) and CWG (-10.00%). Sector Performances: Banking (+0.25%), Consumer Goods (-0.03%), Industrial and Oil and Gas. Market activity: In today’s trade, total volume and value increased by 80% and 172% respectively, […]
