February 29, 2024/Cordros Report EQUITIES The domestic bourse recorded its first positive performance of the week as gains in GTCO (+10.0%) and ZENITHBANK (+7.9%) offset the loss in NESTLE (-9.1%). As a result, the NGX ASI increased by 0.7% to settle at 99,980.30 points. Accordingly, the Month-to-Date and Year-to-Date returns […]
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NGXASI Advance +0.68% Driven by Banking Counters
February 29, 2024/InvestmentOne Report The NGXASI advanced by 0.68% today to close at 99,980.30pts, as bargain hunting in banking stocks including GTCO (+10.00%), UBA (+10.00%) and ZENITHBANK (+7.86%) drove the market into the green zone. In the Fixed income space, the Treasury Bills secondary market closed up, driven by bullish sentiments across […]
Egypt Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa
The signing of FEDA’s Establishment Agreement opens avenues for strengthening trade relations between Egypt and other African nations February 29, 2024/Afreximbank The Fund for Export Development in Africa (FEDA), a subsidiary of the African Export-Import Bank (Afreximbank) dedicated to fostering development impact, is pleased to announce the Arab Republic of […]
