May 14, 2024/InvestmentOne Report The NGXASI declined by 0.24% today to close at 97,473.98pts, as the bearish sentiment on DANGSUGAR (-10.00%), UBA (-2.34%) and FBNH (-2.00%) propelled the market into the negative territory. In the fixed income space, the Treasury Bills secondary market traded on tepid note as yields were mostly unchanged […]
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SEC Releases Proposed New Rules on the Issuance and Allotment of Private Companies’ Securities
May 14, 2024/SEC Nigeria The Securities & Exchange Commission (SEC) is seeking to regulate debt issuances by private companies and has recently published a draft of the new rules for comments. The Draft is the legal framework under which private companies can raise capital publicly without converting to a public […]
Inflation Fears Keep Oil Prices Suppressed
May 14, 2024/Oilprice.com Tom Kool Editor, Oilprice.com The week began positively with robust U.S. gasoline demand and improved Chinese consumption, but optimism waned as Tuesday’s higher-than-expected U.S. inflation data weighed on oil prices. Plunging Diesel Cracks Bring Refinery Run Cuts Back on the Agenda – Higher supply of diesel is […]
