By Motolani Oseni The Nigerian Exchange Limited (NGX) closed last week’s trading activities on a strong footing, as investors’ wealth improved by a whopping N1.67 trillion, due to demand for bellwether stocks. Accordingly, the All-Share Index advanced by 6.88 per cent week-on-week (W-o-W) to close at 47,554.34 points. Similarly, market capitalisation increased by N1.67 trillion […]
By Joy Obakeye and Chukwuemeke Iwelunmo It is barely four months to the 2023 general election, which is coming at a time when economists, analysts, and groups have lamented the impact of the bleeding economy on the country’s growth, even as foreign investors are jittery in investing in the country as a result of the […]
By Motolani Oseni Transactions on Nigerian Exchange Limited (NGX) equities market on Wednesday closed on a positive trajectory, to reverse the previous trading session loss on investors’ buy interest in Dangote Cement and 14 others. In summary, the All-Share Index (ASI) appreciated by 68.15 absolute points, representing a decline of 0.18 per cent to close […]
Over N60 billion was gained by investors during Monday’s trading activity at the Nigerian bourse after the equity capitalisation closed the day at N20.49 trillion, topping the N20.43 trillion it ended Friday with. This gain reflected in the All Share Index which rose by 0.29 percent today, rising to 39,312.74 ASI from the 39,198.75 ASI […]
PHILIP CLEMENT, ABUJA The Securities and Exchange Commission is set to register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency especially for retail investors. This was disclosed by Executive Commissioner Operations of the SEC, Mr. Dayo Obisan during an interview with Bloomberg […]
Philip Clement, Abuja There is a glimmer of hope for the Nigerian economy as some investors have pledged an investment of $8.41bn in different sectors of the economy. The Executive Secretary of the Nigerian Investment Promotion Commission, Yewande Sadiku stated this over the weekend in at a media parley with Commerce and Industry Correspondents in […]
Investors are known to help start and grow businesses. With so many new companies, the world of investors is rapidly growing across various industries; all it takes is for you as the entrepreneur to pitch your idea and make it realistic and convincing. Bilal Junaid is a software engineer with a bachelor’s degree in Mechatronics […]
By Motolani Oseni Investors on the equities market of the Nigerian Stock Exchange (NSE) gained N390.26billion in last week’s transactions over gain in 27 listed equities. The market opened for trading at N18.228 trillion, 2.2per cent increase from N17.838trillion it closed for trading in the prior week. Consequently, the NSE All-Share Index (ASI) closed last […]
The urge to stimulate investment in Real Estate has given birth to a 30-minute programme on Television as the COVID-19 pandemic take its toll on investors confidence in critical macroeconomic areas of the country. The programme, National real estate today, which debuted on Television Continental (TVC) on Sunday, according to the brainchild, Meckson Okoro, “is […]
The equities market of the Nigerian Stock Exchange (NSE) resumed this week’s trading on a negative note, yesterday with a decline of 2.02 per cent following investors’ sell-off of bellwether stocks. The All Share Index fell by 425.24 basis points or 2.02 per cent to 20,669.38 basis points. Accordingly, investors lost N222 billion in value […]
Investors on the Nigerian Stock Exchange (NSE) last week continued on profit-taking, leading to market capitalisation dropping by N175billiobn or 1.51 per cent to N11.393trillion from N11.568 trillion the market opened for trading. Consequently, the NSE All-Share Index (ASI) dropped by 1.52 per cent or 336.65 basis points to 21,861.78 basis points from 22,198.43 basis […]
The Nigerian Stock Exchange equities market segment on Monday began the trading week southward, as market capitalisation lost N259 billion, following sell-off on high capitalised stocks. The All-Share Index (ASI) decreased by 497.45 absolute points, representing a dip of 2.24 per cent to close at 21,700.98 points. Similarly, the overall market capitalisation size shed N259 […]
The equities market of the Nigerian Stock Exchange (NSE) on Friday rebounded as trading on the floor closed upbeat with the All-Share Index growing by 0.54 per cent. Specifically, the index grew by 119.85 points or 0.54 per cent to close at 22,198.43 compared with 22,078.58 achieved on Thursday. Also, the market capitalisation of listed […]
Temitope Adebayo The Nigerian Stock Exchange (NSE) has lost N1.87 trillion to global oil price crash and increasing spread of COVID-19 in four days. Specifically, the market capitalisation, which opened trading for the week at N13.694 trillion, shed N1.87 trillion or 13.63 per cent, having closed trading on Thursday at N11.827 trillion. READ ALSO: Lagos […]
The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) has entered into partnership with Microsoft to deploy a technological platform called Microsoft Azure FarmBeats to help Nigerian farmers reduce risks as well as attract investors to the sector. The Head of Corporate Communications of NIRSAL, Anne Ihugba, made this known in a statement in […]
Following the continuous slump in Treasury Bill (T-Bill) yields, occasioned by the stoppage of individuals and non-bank corporates from the Central Bank of Nigeria’s (CB’sN) Open Market Operations (OMO) auctions, a real estate advisory firm, Northcourt has called on investors to invest in real estate, shares and longterm bonds to reduce risk and realize higher […]
The Edo State Governor, Mr. Godwin Obaseki has assured investors and residents in the state that his government will continue to pursue peace, adding that his administration will leave a 30-year development plan, which subsequent administrations would key into for speedy growth and development of the state. Obaseki said this when he delivered his speech […]
…As CBN survey shows high-interest rate, others restrained business activity In October first trading week, Investors’ lost N140 billion in the equities market segment of the Nigerian Stock Exchange (NSE) over sell-off in large-mid capitalised companies. This is just as the Central Bank of Nigeria (CBN) monthly Business Expectations Survey Report for September revealed that […]
…5 banks rake N362bn from investments in 6 months …CBN injects $ 615m, CNY46.58m in 1 week, reserves now $45.468bn Investors and Exporters (I&E) FX window between Monday, August 27 and Friday, September 7, 2018, recorded total transactions turnover of N1.129 trillion ($3.138 billion), findings by The Daily Times revealed. This is just as five […]
…Investors FX window records turnover of $744m in 3 days …External reserves shed $244. 4m in one week Uncertainty surrounding 2019 elections, coupled with security concerns in different parts of the country and low interest rates on Federal Government (FGN) bonds, have all been linked to reasons investors are holding back their investments in the […]
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