Investors Bite

Nigerian Stocks Close Week -0.9% Down on Profit-Taking in Bellwether Counters

The Nigerian equities market mirrored the downbeat mood across global stocks, as investors booked profits on bellwether stocks. Precisely, the All-Share index shed 0.9% to close at 49,026.62 points. September 23, 2022/Cordros Report Global Economy The Federal Open Market Committee (FOMC) voted to increase the target range for the federal […]

Nigerian Stocks Sustain Bearish Run -0.5% Dragged by BAUCEMENT

September 22, 2022/Cordros Report EQUITIES   The Nigerian equities market sustained yesterday’s bearish sentiments as investors sold off BUACEMENT (-6.2%). Thus the All-Share Index dipped by 0.5% to close at 49,190.34 points. Consequently, the Month-to-Date loss increased to -1.3%, while the Year-to-Date gain moderated to +15.2%.   The total volume […]

FBNH Announces Complete Acquisition of Access Pension Fund Custodian by First Pension Custodian

September 22, 2022/NGX FBN-Holdings Plc (“FBNH”: or “the Company”) is pleased to inform Nigerian Exchange Limited (“NGX” or “the Exchange?) and the investing public that First Pension Custodian Nigeria Limited (“First Pension’), a subsidiary: of- FBNH’s- flagship’ subsidiary, First Bank of Nigeria Limited (“FirstBank”),-has: completed the acquisition of. 100% of […]