January 21, 2025/Cordros Report EQUITIES The Nigerian equities market sustained its bullish momentum, driven by bargain hunting in MTNN (+10.0%) following the NCC’s approval of a 50.0% tariff hike for telecommunication services. As a result, the All-Share Index advanced by 0.8% to close at 103,137.99 points, pushing the Year-to-Date return […]
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Telecommunications Sector: Tariff Hike Takes Effect
January 21, 2025/Cordros Report In this note, we examine the potential implications of the recently announced tariff adjustment on telecom operators. On 20 January 2025, the Nigerian Communications Commission (NCC) approved a maximum tariff hike of 50.0% for telecom operators, significantly lower than the 100.0% increase proposed by the industry. […]
NGXASI Advance +0.75%, Buoyed by Blue Chips
January 21, 2025/InvestmentOne Report The NGXASI advanced by 0.75% today to close at 103,317.99pts, driven by the gains recorded in MTNN (+10.00%), TRANSCORP (+3.09%) and GTCO (+1.72%) which pushed the local bourse into the green. In the fixed income space, the Treasury Bills secondary market exhibited a slightly positive performance as yields declined […]
