May 30, 2024/InvestmentOne Update ASI as at 12.00pm: +0.04% Top Gainers and Losers: INTENEGINS (+10.00%), CONHALLPLC (+9.84%), SUNUASSUR (-9.60%) and UNIVINSURE (-8.57%). Sector Performances: Banking (+0.99%), Consumer Goods (+0.03%), Industrial (+0.01%) and Oil & Gas. Market activity: In today’s trade, total volume and value both increased by 51% and 49% […]
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Letters of Credit Drop in Q1 2024
May 30, 2024/CSL Research In its updated International Payments Data, the Central Bank of Nigeria (CBN) announced that the value of Letter of Credit (LCs) declined by 62.77% y/y and 15.61% q/q in Q1 2024 to US$204.47m in comparison to US$549.22m and US$242.29m in Q1 2023 and Q4 2023 respectively. […]
American Express, Ecobank Group Sign MoU to Expand American Express Acceptance in 21 Countries in Sub-Saharan Africa
Through this agreement, American Express Card Members will be able to use their Cards in twelve new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger, São Tomé and Príncipe, Sierra Leone, The Gambia, and Togo May 29, 2024/Ecobank American Express and Ecobank Group, the leading pan-African financial […]
