November 7, 2024/Cordros Report EQUITIES The Nigerian equities market ended today’s session on a positive note as gains in ARADEL (+10.0%) and OANDO (+7.0%) drove the All-Share index higher by 0.4% to 96,924.86 points. Consequently, the Month-to-Date and Year-to-Date returns printed -0.7% and +29.6%, respectively. The total trading volume increased […]
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NGXASI Gains +0.10%, Buoyed by Oil & Gas Counters
November 7, 2024/InvestmentOne Report The NGXASI advanced today by 0.10% to close at 96,930.94pts, as buy pressure on CONOIL (+10.00%), OANDO (+7.03%) and ZENITHBANK (+0.82%) drove the local bourse into the positive territory. In the fixed income space, the Treasury Bills secondary market closed up as we observed bullish sentiment across the […]
Structural Difficulties Constrain FGN’s 70% Broadband Target
November 7, 2024/FBNQuest Research Data from the Nigerian Communications Commission (NCC), showed that Nigeria’s broadband connections fell by -4% month-on-month (MoM) to 90.1 million in September 2024. The reduction in September marks the second consecutive month of decline. According to NCC, mobile broadband accounts for a substantial portion (over 99%) […]
