Markets

Experts explain growth in Nigerian stock market

Some financial experts on Thursday attributed the ongoing rally on the Nigerian Stock Exchange (NSE) to renewed foreign inflow and portfolio rebalancing on the strength of second quarter results.

Market maintains positive streak, records 42% year-to-date growth

The Nigerian stock market maintained its positive performance wednesday, surging further to record a year-to-date growth of 41.9 per cent.

Dollar slumps, Tokyo tanks as North Korea tensions spike

The Nikkei slumped to its lowest close for almost three months Wednesday, leading an Asia-wide sell-off sparked by President Donald Trump's apocalyptic warning over North Korea's weapons programme.

NSE market capitalisation hits N13 trillion mark

The Nigerian Stock Exchange market capitalisation on Tuesday hit the N13tn mark, barely three weeks it crossed N12tn market, amid Nestle gain.

Trading resumes on positive trend, index increases 0.27 per cent

Trading activities resumed for the week on Monday still on a positive mood with the All-Share Index improving by 0.27 per cent.

Deals on NSE hit N97.08bn in July

A monthly data obtained by NAN from the NSE showed that the turnover increased by 12.32 per cent when compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in June.

NSE: Investors trade 515.48m shares worth N6.30bn

Investors on Friday transacted 515.48 million shares valued at N6.30 billion in 4,132 deals on the floor of the Nigerian Stock Exchange (NSE).

Nigeria moves closer to single Naira rate

Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.

Nigeria equity market indices rallied further by 0.62 per cent

Some blue chips recorded further gains on the Nigerian Stock Exchange (NSE) on Thursday resulting in 0.62 per cent growth posted by market indicators.

Stocks gain 37.32% year-to-date

The bourse closed up for the second day running as the Nigerian Stock Exchange All-Share Index advanced by 0.50 per cent, bringing the year-to-date return to 37.32 per cent.

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Delta APC mocks O’tega Emerhor on failed case against party, Senator Omo-Agege

The Delta State chapter of the All Progressives Congress (APC) Monday mocked a leader of the party in the state, Olorogun O’tega Emerhor, following failed court cases he filed against the party through an executive faction led by Cyril Ogodo.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook tells US Congress how it thinks its cryptocurrency Libra should be regulated

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A graduate of Insurance from the Polytechnic, Ibadan, Oyaremi Olabode, was on Monday convicted of criminal impersonation and sentenced to four months in prison.

Ibadan polytechnic graduate jailed for impersonation

A graduate of Insurance from the Polytechnic, Ibadan, Oyaremi Olabode, was on Monday convicted of criminal impersonation and sentenced to four months in prison.
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 3

Insecurity: We’ll give special budgetary attention to Zamfara – Speaker Gbajabiamila

Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the 9th National Assembly would give special budgetary attention to the three Senatorial Districts of Zamfara State in order to resolve the issue of insecurity.