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$2B Syndicated Loan Shows Investors’ Confidence in AFC

The facility materially enhances the Corporation’s capacity to continue scaling investments in critical sectors and industrial ecosystems driving trade, growth and jobs June 4, 2026/AFC Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has successfully raised a record US$2 billion syndicated loan, underscoring strong global investor support for AFC’s […]

Bears Sustain Hold as Nigerian Bourse Loss -0.4%, Dragged by Bellwether Counters

June 4, 2026/Cordros Report EQUITIES Bearish sentiments persisted in the local bourse as losses in TRANSCORP (-4.1%) and STANBIC (-3.1%) caused a 0.4% decline in the All-Share Index to 242,239.89 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -3.3% and +55.7%, respectively. The total volume traded declined by 43.4% […]

Market Pullback Continues as Investors Reposition

Market Summary: Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in ARADEL (-9.51%) and ETERNA (-9.85%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) declined by 0.37% to settle at 242,227.31 points Year to date returns fell to settle at 55.66% […]