Several economies in Africa are sustained by the extractive industry, with most national budgets dependent on mining and petroleum exports October 23, 2020/AfDB The African Development Bank’s (www.AfDB.org) African Natural Resources Centre (ANRC) and the African Legal Support Facility (ALSF) hosted a dialogue on responses by governments and the industry […]
Updates
MIDDAY UPDATE: Nigerian Stocks Inch Up +0.10% on Gains in Banking, Industrial Counters
October 23, 2020, InvestmentOne Update ASI as at 12.00pm: +0.10%. Market movers: CUTIX (+6.74%), FIDELITYBK (+6.15%), UAC-PROP (-2.53%) and UCAP (-1.58%). Sector Performances: Banking (+0.37%), Industrial (+0.09%), Oil & Gas (-0.11%) and Consumer Goods (-0.07%). Market activity: In today’s early trade, total volume and value advanced 7% and 16% respectively, compared to this time yesterday, as investors have traded about 128million units of shares […]
Daily Market Update for October 22, 2020-Cordros
October 22, 2020/Cordros Report EQUITIES The local bourse rebounded today, as the social unrest in the country eased. Against the foregoing, major interests in MTNN (+1.5%) and STANBIC (+2.3%) fostered a 0.4% gain in the All-Share Index to 28,563.87 points. Thus, Month-to-Date and Year-to-Date returns increased to 6.5% and 6.4%, […]
