Updates

MIDDAY UPDATE: Nigerian Stocks Gain +0.06%, Driven by Consumer Goods Counters

May 13, 2020/InvestmentOne Report ASI as at 12.00pm: +0.06%.  Market movers:   UNILEVER (+9.96%), MAYBAKER (+9.70%), UNIONDAC (-6.45%) and JAIZBANK (-6.45%).  Sector Performances:  Consumer Goods (+0.39%), Industrial (-0.13%), Banking (-0.03%) and Oil & Gas.   Market activity: In today’s early trade, while total volume fell by 13%, total value rose by 21% compared to this time yesterday as investors have traded 45million units of shares worth about N399million. REGALINS is the most actively traded […]

AEC issues Urgent Advisory Guidelines for the Management and Safety of Oil Workers during the COVID-19 Pandemic and Africa-wide Lockdowns

This is aimed at mobilizing, demobilizing and putting back our energy sector to work safely across the continent May 12, 2020/AEC Amid the ongoing effects of lockdowns in oil and gas-producing countries such as Nigeria, Angola, Algeria, Egypt, Libya, Congo, Gabon, Ghana, Equatorial Guinea, South Sudan and Cameroon, the African […]

Uptick in GSM Internet Subscription in February 2020

Culled—Proshare May 12, 2020 By FBNQuest Research                                                                                  The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 131.6 million in February, representing y/y growth of 15%. The figure implies density of 66% in a population estimated at 198 million, placing Nigeria well above […]