January 23, 2025/CardinalStone Research Following extensive engagements, the Nigerian Communications Commission (NCC) has approved a maximum tariff increase of 50.0% for Mobile Network Operators (MNOs), effective January 20, 2025. This marks the first tariff adjustment since 2013 and is deemed essential by the NCC to support infrastructure investments, drive innovation, […]
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NGXASI Dips -0.05% on Losses in Dangote Sugar, NASCON, MTNN
January 23, 2025/InvestmentOne Report The NGXASI declined by 0.05% today to close at 102,788.20pts as the profit taking in MTNN (-0.81%), DANGSUGAR (-6.54%) and NASCON (-5.13%) drove the local equities market into the red. In the fixed income space, the Treasury Bills secondary market traded on a positive note amidst the buying interest […]
Bears Resurface as Nigerian Stocks Loss -0.1%, Dragged by Blue Chips
January 23, 2025/Cordros Report EQUITIES The bears resurfaced in the domestic equities market as profit-taking activities in MTNN (-0.8%), DANGSUGAR (-6.5%) and NASCON (-5.1%) triggered a 0.1% decline in the All-Share Index to 102,788.20 points. As a result, Year-to-Date returns printed -0.1%. The total volume traded decreased by 3.1% to […]
