October 28, 2024/CSL Research The bullish momentum from the prior week continued into the just concluded week with the benchmark index closing each session strong, largely fuelled by impressive Q3’24 earnings and dividend reinvestments. Consequently, the NGX All-Share Index rose by 141bps w/w to 99,448.91 points, pushing the year-to-date (YTD) […]
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Foreign Portfolio Investments Decline in Q3 2024
October 28, 2024/CSL Research According to the Nigerian Exchange Limited (NGX) report on domestic and foreign portfolio participation in equities for September 2024, the total transactions at the nation’s bourse increased m/m by 29.9% to N493.01bn in September from N379.52bn in August 2024. Thus, bringing the total transaction value in […]
AfDB, ADB Sign $1Billion Exchange Exposure Agreement to Increase Development Lending Capacity to African Nations
New exposure exchange agreement will offer a countercyclical capital buffer October 28, 2024/AfDB The African Development Bank and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, […]
