Updates

Nigeria’s Debt Repayment Burden Signals Default Dangers

….Exceeds Recurrent, Capital Expenditure June 27, 2024 By Kelechukwu Mgboji, Lagos (INVESTADVOCATE)-Nigeria’s debt repayment burden has taken a turn for the worst signalling default dangers in the nearest future. While the sum of N8.7 trillion was set aside for capital expenditure in the 2024 budget, meager sum N1.32 trillion is […]

Intraday Update: Nigerian Stocks Gain +0.44%, Buoyed by Bellwether Counters

June 27, 2024/InvestmentOne Update ASI as at 12.00pm: +0.44%  Top Gainers and Losers:  SEPLAT (+10.00%), CWG (+9.85%), CONHALLPLC (-9.04%) and CILEASING (-8.54%).  Sector Performances: Oil & Gas (+5.71%), Banking (+0.37%), Consumer Goods (+0.23%) and Industrial.  Market activity: In today’s trade, investors have traded about 183 million units of shares worth N3.64 billion.  CILEASING […]

AfDB Expands Urban Support Program to Six New Cities

The expansion, approved by the Fund’s 13th Oversight Committee, will help bolster urban development and address critical challenges faced by rapidly growing African cities June 26, 2024/AfDB The African Development Bank’s Urban and Municipal Development Fund (UMDF) (https://apo-opa.co/4exYmAh) has expanded its African Cities Program to cover six new cities across […]