By Nosa Àkeñzua Fish farms worth millions of naira in Asaba, Delta State have been destroyed by yet unidentified cause which polluted the farms with biochemical substances which diseased the fish stocks. It was gathered that the invaders had destroyed the farmers’ crops filled up their fish ponds with sand , claiming that the land […]
Industry analysts have predicted mixed sentiments in the week ahead, as investors continue to cherry-pick fundamentally sound stocks based on recent corporate actions, MOTOLANI OSENI, writes. Analysts have anticipated that the Nigerian stock market sentiment will remain mixed due to ongoing portfolio realignments as trading activities commence for the month of September. The stock market […]
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 […]
Japanese shares fell more than 2 per cent on Thursday for the fourth trading day of decline amid growing concerns about economic effects of the novel coronavirus. The benchmark Nikkei 225 Stock Average lost 477.96 points, or 2.13 per cent, to close at 21,948.23 after falling as much as 2.6 per cent in the afternoon. The broader Topix […]
Equities trading on the Nigerian Stock Exchange (NSE) closed Tuesday on a positive note as the lead market indicator, the NSE All share Index (ASI) grew by 0.63 per cent to settle at 40,788.68 points. The day’s performance preceded by growth in the NSE Banking Index (+1.32 per cent), Industrial Index (+1.75) and consumer goods […]
Equities trading on the Nigerian Stock Exchange closed Tuesday, the first trading day in the year 2018 on a positive note, as NSEASI appreciated by 0.06 per cent to close at 38,264.79 basis points. This was in comparison with a 0.66% appreciation recorded in the previous session when ASI closed at 38243.19 basis points. The […]
Thin trading was the biggest feature of global markets on Tuesday, with stocks in emerging nations turning lower and most major currencies lacking direction as many countries remained on holiday. The euro declined, gold rose, and U.S. Treasuries edged downward. Equities were shut across the large European markets, as well as in parts of Asia […]
European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment, following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes. With U.S. markets closed and most American investors out for the Thanksgiving holiday, the Stoxx […]
As the Nigerian Bureau of Statistics (NBS) announced the Q3 2017 GDP report showing the economy grew farther by 1.4 per cent on Monday, Nigeria’s stock market advanced higher to close in a positive territory. The growth in GDP is the second consecutive positive growth in the GDP since Q2-2017, supported by a spike in […]
Sell Pressure prevailed on the equities’, market on Thursday 9th November, 2017, as the market performance indices closed on red over losses by highly priced equities. The Nigerian Equities Market’s All-Share Index declined by 0.24 per cent, pulling the Year- to- date (YTD) return to 37.87 per cent. The market breadth settled at equilibrium, with […]
Andrew Orolua, Abuja. The Federal High Court in Abuja has awarded N10 million fine against the Economic and Financial Crimes Commission (EFCC), in favour of Alhaji Nasiru Dalhatu Bafarawa and his company Nasdal Baf Nig Ltd. The fine was imposed by the court on the anti graft agency as general damage for breaking its own […]
The equities market on Monday sustained the gains garnered last Friday to post a growth of 1.25 percent in market indicators. The growth was prevalent on increasing bargain hunting in banking stocks, buoying the banking index that led other sector gainers with a growth of 4.04 percent. Other Sector gainers were the ASeM that grew 2.27 percent, […]
Stocks of Skye Bank Plc shares topped the most traded stocks as well as the gainers chart for the second consecutive day on account of renewed investor confidence. Commenting on the stocks recovery, President of the Association of Stockbroking Houses of Nigeria, Mr. Emeka Madubuike said that “the initial fear is wading off because […]