August 22, 2024/GCR Ratings GCR Ratings (GCR) has affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG), respectively, with the outlook revised to Rating Watch Evolving from Stable. Rated Entity Rating Class Rating Scale Rating Outlook/Watch Providus Bank Limited Long-term issuer National BBB-(NG) Rating […]
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Oando Announces Completion of $783Million Acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company
August 22, 2024/NGX Oando Plc has acquired 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company Eni for a total consideration of US$783m. This acquisition is a milestone in Oando’s long-term strategy to expand its upstream operations and strengthen its position in […]
Nigerian Bourse Remains Bearish -0.1% on Losses in TRANSCOHOT
August 22, 2024/Cordros Report EQUITIES Sentiments remained negative in the local bourse as sell pressures on TRANSCOHOT (-10.0%) drove the NGX ASI lower by 0.1% to 95,718.05 points. As a result, the MTD and YTD returns settled at -2.1% and +28.0%, respectively. The total volume traded increased by 11.9% to […]
