March 27, 2024/InvestmentOne Update ASI as at 12.00pm: +0.07% Top Gainers and Losers: FTNCOCOA (+9.94%), LIVESTOCK (+9.70%), MAYBAKER (-8.33%) and NPFMCRFBK (-7.61%). Sector Performances: Banking (+0.63%), Consumer Goods, Industrial and Oil and Gas. Market activity: In today’s trade, total volume and value increased by 12% and 1%, respectively when compared […]
Updates
March 2024 MPC Raises the MPR by 200bps to 24.75%
March 26, 2024/Cordros Report In line with our expectations, the Monetary Policy Committee (MPC) again voted to raise the Monetary Policy Rate (MPR) by 200bps to 24.75% in March. We highlight that the committee’s decision to hike the MPR further was hinged on (1) the existing inflationary pressures, (2) the […]
AFC Raises $1.16Bn Syndicated Loan, Its Largest Ever, in Mission to Close Africa’s Infrastructure Gap
This landmark transaction, commemorated at an event in Dubai last night, is a significant milestone in AFC’s unwavering commitment to develop critical infrastructure projects across the continent by enhancing its financial flexibility and diversifying its investor base March 26, 2024/AFC Africa Finance Corporation (AFC), the leading infrastructure solutions provider in […]
