September 26, 2020/UBA Plc The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has been announced as a winner of the 2019 Zik Award for Professional Leadership. Uzoka clinched the much-coveted award alongside the Executive Vice Chairman/Chief Executive Officer at the Nigerian Communications Commission, Prof […]
Updates
Foreign Portfolio Inflows Rise by 28.91% in August 2020; MPC Cuts MPR to 11.50%
September 25, 2020/Cowry Asset Report The Nigerian Stock Exchange (NSE) report on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased in August 2020 compared to transactions done in July 2020. Specifically, total transactions on the nation’s bourse moderated to N94.45 billion in August […]
Nigerian Bourse Records Best Weekly Performance in Four Months, ASI Gains +2.9% W-t-D on Bellwether Stocks
In sharp contrast to the record sell-offs across global markets, Nigerian equities recorded their best weekly performance in four months, crossing 26,000 points for the first time since March 2020. Notably, investors interest in large caps NB (+25.1%), MTNN (+3.3%) and DANGCEM (+3.0%) drove the benchmark ASI 2.9% higher, w/w, […]
