Also participating in the transaction were Indorama Eleme Petrochemicals Limited, with US$150 million, and Mercuria Energy Group, with US$150 million August 23, 2024/Afreximbank African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility […]
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NGXASI Advance +0.27%, Buoyed by Gains in Blue Chips
August 23, 2024/InvestmentOne Report The NGXASI advanced today by 0.27% to close at 95,973.45 pts as gains in OANDO (+10.00%), ACCESSCORP (+5.00%) and TRANSCORP (+4.35%) drove the domestic equities market into the positive territory. In the fixed income space, the Treasury Bills secondary market closed positive as there was optimistic sentiment along […]
Tightrope, Balancing Growth: Mid-Year Economic Report
August 23, 2024/Coronation Research Economic landscape presents a mix of challenges and strategic opportunities that demand careful navigation. GDP growth in the first half of the year slowed to 2.98% y/y, down from 3.46% y/y in Q4 2023, reflecting the persistent structural issues plaguing the economy. High inflation, currently above […]
