Nigerian energy company Oando has successfully completed its acquisition of the Eni subsidiary, doubling the company’s stake in four Oil Mining Licenses (OMLs) and boosting total reserves to one billion barrels of oil equivalent August 26, 2024/AEC Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of […]
Updates
Nigeria’s Economy Maintains Growth Trajectory as GDP Grew by 3.19% y/y in Q2-24
August 26, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as the real GDP grew by 3.19% y/y (Q1-24: +2.98% y/y | Q2-23: +2.51% y/y). The growth outturn is 61bps and 1bp lower than Cordros’ […]
Intraday Update: Nigerian Stocks Inch Higher +0.65%, Buoyed by Blue Chips
August 26, 2024/InvestmentOne Update ASI as at 12.00pm: +0.65% Top Gainers and Losers: OKOMUOIL (+9.99%), RTBRISCOE (+9.96%), ABBEYBDS (-9.69%) and UPL (-5.51%). Sector Performances: Consumer Goods (+1.91%), Oil & Gas (+0.24%), Banking (-0.09%) and Industrial. Market activity: In today’s trade, total volume advanced by 79%, while total value declined by […]
