The US $1 billion investment will support job creation across the value chain September 19, 2024/Coca-Cola The Coca-Cola System in Nigeria, comprised of Coca-Cola Nigeria Limited and its authorized bottler, Nigeria Bottling Company (NBC), announced plans to expand its investments in Nigeria. Over the next five years, with a predictable […]
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NGXASI Declines -0.19% on Losses in FBNH, OANDO, STANBIC
September 19, 2024/InvestmentOne Report The NGXASI declined today by 0.19% to close at 98,049.04pts as investors selloff their shares in FBNH (-9.88%), OANDO (-4.76%) and STANBIC (-3.51%) drove the Nigerian bourse into the negative territory. In the fixed income space, the Treasury Bills secondary market closed downwards driven by selloffs observed within […]
FBNH Drags Nigerian Stocks to -0.2% Loss to Reverse Previous Gains
September 19, 2024/Cordros Report EQUITIES The Nigerian stock market reversed yesterday’s gains as profit-taking activities in FBNH (-9.9%) triggered a 0.2% decline in the benchmark index. As a result, the NGX ASI closed at 98,003.75 points, with the MTD and YTD returns moderating to -1.5% and +31.1%, respectively. The total […]
