The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded in the previous week.
The Securities and Exchange Commission (SEC) says it has intensified efforts to attract more retail investors into the nation’s capital market.
The U.S. government is just one step away from enacting a law that could ‘kick’ several Chinese firms off Wall Street, which can further escalate tensions between Washington and Beijing.
The banking sector inspired the All-Share Index to gain 105.48 absolute points, representing a 0.30% growth to close at 35,147.62 points, Market Capitalization appreciated by N55.17 billion, representing a growth of 0.30% to close at N18.364 trillion.
The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.
Two of the year’s most anticipated public listings — DoorDash and Airbnb — will seek higher than expected valuations for their IPOs, new filings show. Each company has seen its fortunes affected by the coronavirus pandemic, with DoorDash surging and Airbnb seeing its business drop off sharply. But both have priced their IPOs in roughly the same range.
Authorities at the Nigerian Stock Exchange (NSE) at the weekend lifted suspension clamped on FTN Cocoa Processors Plc, nearly three months after the Exchange disallowed trading in the shares of the agricultural company for breach of corporate governance rules.
The roller coaster which the Nigerian equities market has enjoyed in the last two months may be short-lived as there are indications that investors are planning to take advantage of the low yield being recorded in the money market by diverting into Bitcoin trading.
Asian shares extended this month’s stellar gains as market euphoria over COVID-19 vaccines and expectations that US President-elect Joe Biden’s administration would deliver more economic stimulus overrode weak US economic data.
Wall Street’s main stock indexes pushed higher on Monday kicking off another week on a shot of positive vaccines news – this time from AstraZeneca and Oxford University.
The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.
The stock market declined by 2.5 per cent last week following profit taking after weeks of sustained growth. The market, which spiked by 12.9 per cent the previous week, closed lower last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shedding 2.5 per cent to be at 34,136.82. The market capitalisation closed lower at N17.838 trillion.
The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
Wall Street’s main stock indexes opened lower on Friday, putting them on track to cap off another week of highs and lows as vaccine optimism is overshadowed by surging COVID-19 infections and the return of business sapping restrictions and shutdowns.
Japanese prime minister Yoshihide Suga on Friday vowed to fight against the COVID-19, stressing that Japan’s security alliance with the U.S would remain the foundation of Japan’s foreign policy.
Sen. Adetokunbo Abiru, (APC-Lagos East) has promised to inaugurate an endowment fund for indigent but brilliant students, the aged, the youth and the vulnerable, including persons with special needs in his constituency in the first quarter of 2021.
The FCT Taskforce on COVID-19 Protocols has rated most Churches high on compliance with safety guidelines during Thursday’s Crossover Services to usher in the New Year.
Genk striker Paul Onuachu is among a long list of 15 players in the running for the prestigious Golden Shoe Award presented to the best player in the Belgian Jupiler Pro League yearly.
The Center for Liberty (CFL), a civil society organisation, has asked the national assembly to initiate early passage of the electoral act amendment bill in January “as an obligation to good governance”.
The Bill, which was passed by Abia State House of Assembjy Tuesday was presented to the Governor by the Clerk of the House, Sir John Pedro Irokansi in his Aba Lodge where he endorsed the N131,852,752,000.00 (One Hundred and Thirty One Billion, Eight Hundred and Fifty Two Million, Seven Hundred and Fifty Two Thousand Naira Only) Budget made up of N69bn for capital expenditure and N62.8bn for recurrent expenditure.
Vice President, Africa Industrial Global Union, Issa Aremu, has said that the National Chairman of Labour Party, Alhaji A Abdulsalam, (Barde Paiko), was an astute politician who kept faith with Labour Party from formation to the end.
The Oyo State Governor, Engineer Seyi Makinde, has raised an alarm that terrorists are entering the South West geo-political zone of the country through Oke Ogun.
At a hand-over ceremony held at the Authority’s Headquarters Liaison in Lagos, the Managing Director of FAAN, who was represented by the General Manager, Environment, Mr. Nehemiah Auta expressed his heart-felt appreciation to the club for their benevolence.
A traditional ruler in Osun State, the Olowu of Owu Kuta, Hammed Adekunle, has advised the Borno State Governor, Babagana Zulum, to tread cautiously in his criticism of the Nigeria army.