The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.
Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
Trading on the Nigerian equity market returned to negative territory on Wednesday with 0.05 per cent dip or losses in MTN Nigeria and six other stocks.G
Nigeria on Wednesday recorded eight confirmed coronavirus cases. On Thursday Lagos state confirmed four new cases, a local TV station said, quoting the Lagos state health commissioner said.
Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.
Egypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market following a sharp fall in world markets in the past few days.
The Securities and Exchange Commission (SEC) says it generated N194.48 million from penalties in 2019.
Coronavirus-linked flight restrictions are hampering efforts to wipe out locust swarms on the verge of devastating crops in eastern Africa, the U.N. Food and Agriculture Organization (FAO) said.
Over 100 people have been arrested and arraigned at the Magistrate Court sitting in Port Harcourt, Rivers State over violation of the state government’s lockdown in some parts of the state capital following outbreak of Coronavirus.
Cameroon and Abia Warriors Goalkeeper Charles Tambe was reportedly shot in Apata area of Ibadan, Nigeria by hoodlums on Friday morning.
Coronavirus lockdown: Security agencies, task force should treat Nigerians with dignity – Reps deputy whip
The Deputy Chief Whip of the House of Representatives, Hon. Nkeiruka Onyejeocha on Friday urged security agencies and Task-Force set up by Federal and State Governments to treat people with dignity and respect as it is needless to stop people from getting coronavirus by harassing and shooting at them.
Medical charity Alima planned to open an emergency operating theatre this week in Burkina Faso, but the project has stalled because the country closed its borders before a surgeon and anaesthetist could fly in, its director told Reuters.
Dapo Abiodun, Ogun state governor, says the lockdown of the state as directed by President Muhammadu Buhari would commence on Friday.
Manchester City are convinced Arsenal are behind the plot to have their European ban upheld if the Covid-19 crisis prevents an appeal.
Nigeria needs to embark on massive testing and isolation of patients to check the spread of COVID-19 infection in the country, a member of the House of Representatives, Mansur Soro (APC, Bauchi), said on Sunday.
Libya's justice ministry announced on Sunday that over 450 prisoners were being freed in a bid to protect against the spread of the novel coronavirus (Covid-19) in the wake of the war-torn country's first declared infections.
Nigeria’s Victor Moses and teammates at Inter Milan are willing to accept pay cut as the Serie A outfit plan to reduce salaries due to the coronavirus crisis, according to the Italian agency ‘ANSA’,