News

National real estate today debuts on TV

Ihesiulo Grace 27 May 2020 0

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

Business

Investors lose N222bn as equities market open on profit-taking

Ihesiulo Grace 7 April 2020 0

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 […]

Business

Investors lose N175bn over profit-taking on equity market

Ihesiulo Grace 30 March 2020 0

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 […]

Business

Investors lose N259.23bn as week begins negative

Ihesiulo Grace 24 March 2020 0

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

Business

NSE indices rebound as investors gain N63bn

Ihesiulo Grace 20 March 2020 0

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 […]

Business

How equities market investors lost N1.87trn in 4 days

Ihesiulo Grace 13 March 2020 0

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 […]

News

NIRSAL partners Microsoft to reduce agricultural risks, attract investors

Ihesiulo Grace 28 February 2020 0

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 […]

Business News Real Estate and Environment

2020: Expert identifies real estate, bonds as best investment options

Ihesiulo Grace 13 February 2020 0

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 […]

Politics

Obaseki assures residents, investors of peace in Edo

Ihesiulo Grace 5 November 2019 0

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 […]

Business Headlines

Investors lose N140bn in one week

Ihesiulo Grace 8 October 2018 0

…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

Business Headlines

Forex investors trade N1.13trn in 2 weeks

Ihesiulo Grace 10 September 2018 0

…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 […]

Business Headlines

2019 Uncertainty: Low interest on bonds, others scare investors

Ihesiulo Grace 27 August 2018 0

…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 […]

News Nigeria

Ebonyi Investor Protection Act equals to none, says Umahi

Ihesiulo Grace 7 August 2018 0

The Ebonyi State Governor, Engr. Dave Umahi has said “Let me assure our visiting American investors and Ibeto Company that Ebonyi State has a law called Investors Protection Act. This law ensures that we offer an irrevocable standing payment order, with special agreement which insulates the investor from government interference and any change of government”. […]

News Nigeria

Investors flood Enugu for business opportunities

Ihesiulo Grace 7 May 2018 0

…say state peaceful, secure for investment New set of investors have made presentations to the Enugu State Executive Council (EXCO) on the possibility of establishing business investments in the state in line with the robust investment drive of the Governor Ifeanyi Ugwuanyi administration. A Morocco based company, OCP Africa, the world’s first producer and exporter

News

Nigeria growth plan: FCTA to complete Idu industrial park

Ihesiulo Grace 18 April 2018 0

The FCT administration says it is ready to transform the Nigerian Economy and make it globally competitive, just as it has assured it has assured investors of its determination to bring early completion of the Industrial Park phase 2 at Idu foreign investment. The FCT Minister, Malam Muhammad Musa Bello gave the assurance Tuesday, at […]

Business Headlines

Forex transactions hit N15.32tr in 3 months

Ihesiulo Grace 16 April 2018 0

The total transactions value traded in the Foreign Exchange (Forex) market between January and March, 2018, settled at a whopping sum of N15.32 trillion, Investigations by The Daily Times revealed. The forex market, represents a platform in which participants are able to buy, sell, exchange and speculate on currencies, and is made up of banks, […]

Business Headlines

Naira strengthens at Investors window amid weekly forex injection

Ihesiulo Grace 9 April 2018 0

The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign […]

News Nigeria

Land Use Charge: Real estate professionals back new law

Ihesiulo Grace 6 March 2018 0

…Say only 0.076% of 60% property value is payable Coalition of Real Estate Investors and Surveyors, Lagos, has thrown its weight behind the re-enacted Land Use Charge Law, saying after its thorough analysis of the of the LUCL 2018, Owners-Occupiers are expected to pay a token percentage of 0.076% of the value of the assessed […]

Money

Naira strengthens as investors lifted FX market with $10bn

Ihesiulo Grace 5 March 2018 0

The Naira, at the close of trading week strengthened against the US Dollar at the Central Bank of Nigeria (CBN) spot market, Investors & Exporters Foreign Exchange (I&E) FX window and the parallel segment of the forex market, findings by The Daily Times findings has showed. In the first two months of this year, the […]

Business Headlines News

Investors’ turnover in Forex market hit $4.3bn in 4 weeks

Ihesiulo Grace 26 February 2018 0

.. As CBN injects $531.4m in one week Continuous huge transactions volume recorded in the last four weeks at the Investors and Exporters FX (I&E) window, has boosted the Nigeria’s foreign exchange market with a whopping total turnover of $4.3 billion in the last four weeks, Investigations by The Daily Times revealed. Also, in line […]