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ARADEL, OANDO Drives Nigerian Stocks to +0.5% Gain

November 28, 2024/Cordros Report EQUITIES The Nigerian equities market traded with bullish sentiments, as gains in OANDO (+5.4%) and ARADEL (+9.2%) drove the All-Share Index higher by 0.5% to 97,783.81 points. Sequentially, the Month-to-Date and Year-to-Date returns settled higher at +0.1% and +30.8%, respectively. The total volume traded declined by 21.4% to […]

Talking Macroeconomics: Reviewing Post MPC’s Cautious Step Forward and Implications for Sectors

November 27, 2024/Meristem Research At its 298th Monetary Policy Committee (MPC) meeting held on November 25th and 26th, 2024, the MPC deliberated on pivotal choices to guide monetary policy route. The Committee decided to raise the Monetary Policy Rate (MPR) by 25bps from 27.25% to 27.50%. Other key parameters were […]

Obasanjo Commends Nigerian Initiatives at Ecobank Design & Build Expo 2024

November 27, 2024/Ecobank Nigeria Former President, Chief Olusegun Obasanjo, has reiterated Nigeria’s vast potential and resources, emphasizing the country’s ability to become a global leader. Speaking at the ongoing Ecobank Design and Build Expo at the Ecobank Pan African Centre (EPAC) in Lagos, Obasanjo praised Ecobank for organizing the event, […]