Asian markets mostly fell with Wall Street while the dollar extended gains Wednesday as US interest rate worries resurfaced, while investors were also given a spook by North Korea's threat to pull out of a historic summit over US demands.
The market indices of the Nigerian Stock Exchange (NSE) on Tuesday maintained negative trend, dropping further by 0.15 per cent.
For traders at the Nigerian Stock Exchange, the third business week in May kicked off recently with more profit-taking by investors, hence leading to a 0.84 per cent or 344.7 basis points in the All Share Index (ASI) which close at 40,677.61 points.
The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.
Activities on the Nigerian Stock Exchange (NSE) resumed on Monday still on negative trend with the market capitalisation losing N125 billion due to loses by some blue chips.
After depreciating for four consecutive days, indicators of the performance of the Nigerian Stock Exchange rebounded by 0.26 per cent on Friday.
The chief financial officer at MTN Nigeria, Ralph Mupita, says the company hopes to raise N400 billion from its debt issuance when it gets listed on the Nigerian Stock Exchange later in the year.
Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms.
Oil prices surged more than two percent in Asia on Wednesday after Donald Trump pulled the United States out of the Iran nuclear deal, fuelling fresh geopolitical uncertainty.
Transactions on the Nigerian Stock Exchange (NSE) maintained a downward trend on Tuesday, with the All-Share Index declining by 0.04 per cent.
The equity sector of the Nigerian Stock Exchange (NSE) reopened on a negative territory on Monday despite price gains the outweighed loses with the market capitalisation losing N16 billion.
The House of Representatives sub-committee on Capital Market, Regulation and Compliance has started a probe in the capital market operations.
Domestic investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.
Asian markets fell on Friday, tracking another retreat on Wall Street as attention turns to the release of key US jobs data later in the day and high-level China-US trade talks in Beijing.
Senator Abiodun Olujimi, the Senate Deputy Minority Whip, has expressed concern over the “declining fortunes” of her party, the Peoples Democratic Party (PDP), in Ekiti State.
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, has said though the PDP founded anti-corruption agencies of the Economic and Financial Crime Commission (EFCC), and the Independent Corrupt Practices Commission (ICPC), they had intended to keep them as toys or bulldogs which teeth had been removed.
Palestinian president Mahmud Abbas remained in hospital Monday, a spokeswoman said, a day after being admitted with complications following an ear operation.
Nigeria U20s, the Flying Eagles, have broken training camp and will resume after a month, officials said.
Vice President Yemi Osinbajo has urged Nigerians to imbibe the principles of creativity, innovation and hard work for the development of the country.
The senator representing Delta North Senatorial District in the National Assembly and Chairman, Senate Committee on Niger Delta Development Commission (NDDC), Senator Peter Nwaoboshi, has given 6.4 Kva generating set to each of the 98 Ward Secretaries of the Peoples Democratic Party (PDP) in Delta North Senatorial District.
World Health Organisation (WHO) Representative and Head of Mission in Nigeria, Dr Wondi Alemu, has allayed fears of a possible Ebola outbreak in Nigeria.
Two brothers, Okechukwu Abugu and Ifeanyi Abugu, have appeared in a Kubwa Grade 1 Area Court in Abuja for allegedly threatening the life of their elder brother, Ndubisi Abugu.
Manchester United boss Jose Mourinho would be taking "a gamble" if he chose not to replace his departing assistant Rui Faria, according to Mike Phelan.
The Nasarawa State Independent Electoral Commission (NASIEC) says it will engage no fewer than 3,000 ad hoc staff for the May 26 local government elections in the state.