Updates

Intraday Update: Nigerian Stocks Inch Up +0.09%, Driven by Blue Chips

December 18, 2024/InvestmentOne Update ASI as at 12.00pm: +0.09% Top Gainers and Losers: MRS (+9.99%), LEARNAFRCA (+9.97%), AFRIPRUD (-9.37%) and CONHALLPLC (-8.33%). Sector Performances: Oil & Gas (+0.33%), Consumer Goods (+0.08%), Banking (+0.06%) and Industrial. Market activity: In today’s trade, total volume and value declined by 31% and 69%, when […]

Coronation Fixed Income and Exchange Rate Update

December 17, 2024/Coronation Research Summary Opening market liquidity stood at a negative position of N1.50trn (13 Dec ’24), driven by a large sale of T-bills and OMO issuances during the week. Call, overnight and repo rates closed within a range of 6.88% – 32.92%, indicating a tight liquidity condition. Our […]

Afreximbank Participates in Bank of Industry Nigeria’s Syndicated Facility of Up to EUR 2-Billion

The Bank disbursed its participation amount of EUR 175 million in September 2024 in two tranches of EUR 115 million in Tranche A and EUR 60 million under Tranche B December 17, 2024/Afreximbank African Export-Import Bank (Afreximbank) recently joined a consortium of financial institutions in London to sign a landmark […]