Nigerian Equities have rallied hard in the last few weeks on the heels of the fiscal and monetary initiatives of the new administration. Investors have cheered the removal of the Petroleum subsidy, as well as the unification of the FX rate. Both actions have long been overdue and highlight the market-friendly attitude of the Tinubu administration. In terms of market performance, the NGXINDX has rallied c.11% in the last three weeks, ticking a 15-yr high.
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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