Updates

UBA, Dangote Cement, Guinness, Drives NGXASI to +1.20% Gain

December 2, 2025/InvestmentOne Report The NGXASI advanced by 1.20% today to close at 144,928.36pts, as buy pressure on DANGCEM (+9.99%), GUINNESS (+7.78%) and UBA (+3.78%) drove the local equities market into the green zone.   In the fixed income space, the Treasury Bills secondary market traded on a relatively quiet […]

NTB Primary Market Auction Expectations for 3 December 2025

December 2, 2025/Cordros Update The DMO is scheduled to conduct an NTB primary market auction tomorrow, December 3, offering a total of NGN700.00 billion: NGN100.00 billion for the 91-Day tenor, NGN150.00 billion for the 182-Day tenor, and NGN450.00 billion for the 364-Day tenor.  Please see our expectations below

November 2025 in Retrospect

December 2, 2025/CSL Report The equities market retraced a portion of the gains recorded in preceding months during November, as investor sentiment weakened and episodes of panic-selling became more obvious. This deterioration was largely attributable to uncertainties around the interpretation and forthcoming implementation of the new Capital Gains Tax (CGT) […]