Trading resumed on the Nigerian Stock Exchange (NSE) for the week on Monday on a positive note with the market capitalisation rising by N106 billion.
A capital market expert, Prof. Uche Uwaleke, on Monday urged Securities and Exchange Commission (SEC), and the Nigerian Stock Exchange (NSE) to ensure effective regulations to strengthen investors’ confidence in the equities.
Asian and European stock markets have tumbled after US values returned to levels not seen since the start of the year.
Activities on the Nigerian Stock Exchange (NSE) returned to negative territory on Wednesday, after appreciating for two consecutive days.
European shares fell to their lowest levels in nearly two years on Tuesday as a new batch of third-quarter earnings failed to offset growing concerns on Brexit, Italy’s budget, Saudi isolation, trade wars, Chinese growth and U.S. interest rates.
Activities resumed for the week at the Nigerian Stock Exchange (NSE) on a positive trend, with market capitalisation returning to N12 trillion amid improved third quarter results.
Seplat and Dangote Cement led the losers’ table with a loss of N5 each to close at N615 and N200 per share respectively on the Nigerian Stock Exchange (NSE). This is as the bears regained control on Wednesday as major blue chips posted price depreciation.
Transactions rebounded on the Nigerian Stock Exchange (NSE) on Tuesday following gains posted by some highly capitalised equities.
Analysts at Afrinvest Limited stated that “we anticipate a rebound in today’s trading, as we saw significant buy interest in banking stocks yesterday, which we expect to be sustained throughout this week.”
The Market indices of the Nigerian Stock Exchange (NSE) dropped marginally on Tuesday by 0.08 per cent, reversing the previous day’s gain.
Stakeholders in the Nigerian capital market have urged the federal government to concentrate more on policies that would improve living standards of the people.
The New Nigeria Peoples Party in Bauchi State has pledged to conduct Local Government Council election within six months, if elected into power.
The National Association of Nigerian Students has urged the Ogun Police Command to fast track prosecution of the alleged killer of Cpl. Gbenga Adeboyejo.
Comrade Ayuba Wabba, President, National Labour Congress (NLC), has urged the federal government to respect International Labour Organisation (ILO) principles and the rights of workers in order to have peaceful industrial relations.
More than 40 people were injured in an explosion Sunday night at a restaurant in northern Japan, police said.
A representative of the International Assembly (IA) of the True Jesus Church in Nigeria, Pastor Hong-Hsiung Ko, has described Nigerians as “too religious a people” who also have respect for their religious leaders.
Minister of Power, Works and Housing, Babatunde Fashola, has said the implementation of the Strategic Rural Electrification Plan (SREP) was delayed for 10 years, leading to the setback in supplying rural communities with efficient power.
A former head of state and chairman of the National Peace Committee, Abdulsalami Abubakar, has stated that there is still room for the absent presidential candidates to sign the peace accord.
The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.”
President Muhammadu Buhari’s communication rejecting the Electoral Act Amendment Bill for the fourth time sparked anger on the floor of the House of Representatives on Tuesday following the reading of the letter by Speaker Yakubu Dogara.
Congo Brazzaville denies claims by CAF that they are interested to replace Cameroon as hosts of the Africa Cup of Nations – AFCON 2019 finals