August 21, 2024/Cordros Report EQUITIES The domestic stock market reversed yesterday’s gains as losses in OANDO (-8.7%) undermined market performance. Thus, the All-Share Index dipped by 0.1% to close at 95,832.29 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -2.0% and +28.2%, respectively. The total volume of trades declined […]
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The Longstanding Problems of the Power Sector
August 21, 2024/CSL Research Based on news reports, the Federal Government announced on Monday that it has paid off ₦205 billion of the ₦1.3 trillion debt owed to Generation Companies (Gencos) to improve liquidity in the power sector. The Minister of Power, Chief Adebayo Adelabu, emphasized the urgent need to […]
NGX RegCo Commends FRCN for Pioneering Sustainability Reporting in Africa
August 21, 2024/NGX The Chief Executive Officer (CEO) of NGX Regulation Limited (“NGX RegCo”), Mr Olufemi Shobanjo, has commended the Financial Reporting Council of Nigeria (FRCN) for its pioneering role in advancing sustainability reporting standards across the African continent. Speaking at the Regulatory Roundtable for Sustainability Reporting in Nigeria, hosted […]
