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ACCESS, WAPCO, ZENITH BANK Drags NGXASI to -0.06% Loss

December 5, 2024/InvestmentOne Report The NGXASI declined by 0.06% today to close at 98,114.11pts, as profit taking in the shares of WAPCO (-2.05%), ACCESSCORP (-1.84%) and ZENITHBANK (-1.68%) drove the domestic bourse into the red zone. In the fixed income space, the Treasury Bills secondary market traded on a negative note, largely […]

Nigerian Bourse Ends Bearish -0.1%, Dragged by ARADEL, WAPCO, ZENITHBANK

December 5,2024/Cordros Report EQUITIES The local bourse ended today’s session on a bearish note, as profit-taking activities in WAPCO (-2.1%), ARADEL (-1.5%), and ZENITHBANK (-1.7%) caused a 0.1% decline in the All-Share Index to 98,114.11 points. Sequentially, the Month-to-Date and Year-to-Date returns moderated to +0.6% and +31.2%, respectively.   The […]

A Successful Eurobond Issuance

December 5, 2024/CSL Research On Tuesday, December 2, 2024, Nigeria successfully raised $2.2 billion through Eurobonds in the international capital markets, marking its first issuance in over two years. The previous issuance occurred in March 2022, when the country secured $1.25 billion at an interest rate of 8.35%. The latest […]