Capital Market

BioEnergy secures $250m from global emerging markets

DailyTimesNGR DailyTimesNGR 15 October 2023 0

By Godwin Anyebe SGP BioEnergy has announced a US$250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama and lay the groundwork for SGP’s transformative

Capital Market

Emerging market debt is more than sovereign debt

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe The emerging market debt asset class is worth around $26.3trillion overall and spans numerous mostly developing countries, thousands of issuers, and a wide range of sectors. The asset class has significantly matured over the past two decades and is no longer a play on commodities; it is today a broader, more diversified, […]

Capital Market

$3tr needed to address development goals, climate change

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe The International Monetary Fund (IMF) has said that developing economies and emerging markets, including Nigeria, would need a whopping $3 trillion every year for the next six years (2030) to address their development goals and the climate change obligations. It said that amount would be equivalent of about seven per cent of […]

Capital Market

How to invest in emerging markets

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe After eye-popping price drops in the first half of the year and a bit of a bounce in recent weeks, more analysts are recommending higher across-the-board exposure to emerging market assets. After all, the valuation metrics for these markets are at historically cheap levels if investors look at indices, both on a […]

Capital Market

How green bonds can drive EM renewables adoption

Ihesiulo Grace 27 August 2023 0

Bonds, In the global race to embrace renewable energy, western economies, are leading. While emerging markets many of which are big polluters are lagging. One reason is that some developing economies lack adequate access to capital to finance renewable energy ambitions. Green bonds are changing that and the asset class is accessible via the VanEck […]

Capital Market

Enlarged BRICS to benefit more, over time from global investment flows

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe The addition of six members to BRICS was political development that could lay the foundation of much higher investment between the countries over time, market analysts said recently. Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the UAE were invited by the leaders of Brazil, Russia, India and China, at the BRICS Summit […]

Capital Market

Interest rates in emerging markets start to diverge, says Fitch

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe The direction of policy interest rates in emerging markets has begun to diverge, Fitch Ratings said in a report late Thursday. The majority of central banks in emerging markets are either keeping interest rates on hold, while some are starting to cut rates, it said. “Policy rates look to be on hold […]

Capital Market

BIS report raises alarm bells over crypto risks in emerging markets

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe Despite some proponents advocating for digital assets as a solution to issues like costly transaction fees and rampant inflation in developing economies, the BIS report suggests otherwise. The report states that “crypto assets hold out the illusory appeal of being a simple and quick solution for financial challenges in emerging market economies […]

Capital Market

SaaS in Nigeria: Driving Market Growth Through Tailored, Affordable Solutions Nigeria’s Software as a Service

DailyTimesNGR DailyTimesNGR 7 January 2023 0

By Cynthia Alabi (SaaS) market is experiencing remarkable growth. It may have hit its 2022 projection of $149.5 million, and all signs point to continued momentum. With more businesses embracing digital tools to scale and stay competitive, the market is expected to reach $569.3 million by 2028. The shift didn’t happen overnight. COVID-19 accelerated what […]

Capital Market

Investors gain ₦708.18bn as market capitalisation passes ₦15trn mark

Ihesiulo Grace 7 October 2020 0

By Motolani Oseni The key market indices of the Nigerian Stock Exchange (NSE) on Tuesday rallied to an all-time high, appreciating by 4.92 per cent. Specifically, the market capitalisation which opened at ₦14.402 trillion rose by ₦949 billion to close at ₦15.110 trillion. Also, the All Share Index rose by 1,354.88 or 4.92 per cent […]

Capital Market

Why NSE’s transactions declined by 8.5% to ₦94.45bn in August

Ihesiulo Grace 26 September 2020 0

By Motolani Oseni The equities market total transactions on the Nigerian Stock Exchange (NSE) declined by 8.49 per cent to N94.45 billion in August 2020, the latest NSE’s Domestic & Foreign Portfolio Investment Report has revealed. The Exchange report showed that total transactions dipped 8.49 per cent when compared with N103.21 billion recorded in July. […]

Capital Market

Trading remains upbeat on NSE, index up by 1.28%

Ihesiulo Grace 26 September 2020 0

Activities on the Nigerian Stock Exchange (NSE) on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross the 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the […]

Capital Market

Equities market depreciates by N14 billion in one week

Ihesiulo Grace 20 September 2020 0

Equities market of the Nigerian Stock Exchange (NSE) depreciated by N14billion to N13.365trillion last week as against N13.351trillion it opened for trading. Mixed trading continued on the NSE amidst weak volumes and the absence of any positive catalysts, with the benchmark index closing marginally lower. Banking stocks –Zenith Bank Plc (-1.2 per cent), Stanbic (-1.3 […]

Capital Market

NSE’s equities market advances by ₦37 billion

Ihesiulo Grace 12 September 2020 0

Nigerian Stock Exchange (NSE) market capitalisation on Friday improved further by N37 billion following price growth in some blue chips. Specifically, the market capitalisation which opened at N13.313 trillion rose by 0.28 per cent to close at N13.350 trillion. Also, the NSE All-Share Index appreciated by 70.98 points or 0.28 per cent to close at […]

Capital Market

Private sector recovers with 54.6 purchasing managers index points

Ihesiulo Grace 8 September 2020 0

By Motolani Oseni Despite the economic challenges occasioned by the COVID-19 pandemic on businesses across the world, activities in the Nigerian private sector in August has improved as the Purchasing Managers’ Index (PMI) rose to 54.6 index points from 50.4 index points in July 2020. In its Purchasing Managers’ Index (PMI) report, Stanbic IBTC Bank […]

Capital Market

NSE ends on a bullish trend amid equities depreciation

Ihesiulo Grace 7 September 2020 0

Up by 1.17% in one week By Motolani Oseni Equities market of the Nigerian Stock Exchange (NSE) ended the week on a bullish trend, even as 19 equities depreciated in price, lower than 36 recorded in the previous week. In fact, the All-Share Index and Market Capitalization of The Exchange appreciated by 1.17 per cent […]

Capital Market Politics

PDP says failures by APC govt bolstering insurgents, bandits, kidnappers

Ihesiulo Grace 3 February 2020 0

The Peoples Democratic Party (PDP) has said that the failure of the All Progressive Congress (APC) was bolstering insurgents, bandits, kidnappers The party also said that Nigerians should hold the Buhari Presidency and APC responsible for the negative impacts of the proposed travel sanctions imposed on our country by the United States. The PDP according […]

Business Capital Market Economy

FG to auction N150bn bonds next week -DMO

Ihesiulo Grace 18 September 2019 0

Temitope Adebayo The Debt Management Office (DMO) has disclosed that the Federal Government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction. The Debt office in offer circular obtained from its website on Tuesday, stated that it would sell N45 billion of a five-year re-opening issue maturing in […]

Banking Business Capital Market

NSE ready to launch X-Mobile to boost investors participation

Ihesiulo Grace 11 September 2019 0

Temitope Adebayo The Nigerian Stock Exchange (The NSE or The Exchange) is set to launch X-Mobile, a dynamic and the user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place […]

Business Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]