Markets

Kenyatta’s victory revives Kenya stock market

Kenya’s main stock index rose 2.51 per cent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta.

Markets slide, dollar slumps as North Korea fears spike

Asian equities extended heavy losses Friday as a worldwide sell-off triggered by US President Donald Trump doubling down on his North Korea rhetoric showed no sign of abating.

Nigerian equity market down by 0.11 per cent

The Nigerian Stock Exchange (NSE) on Thursday recorded the first loss in the month of August with the market indices dropping by 0.11 per cent due to profit taking.

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.

Recent Stories

The US Federal Bureau of Investigation (FBI) has arrested Nigerian entrepreneur, Obinwanne Okeke of conspiracy to commit fraud running into the sum of 12 million US dollars.

$11 million fraud: Obinwanne Okeke pleads not guilty, remanded in prison

Obinwanne Okeke, the 31-year-old Nigerian held by American authorities for alleged fraud, entered a plea of not guilty to two counts of wire and computer fraud at his first hearing on Monday.
Oby Ezekwesili

Oby Ezekwesili urges new economic council to tell President Buhari how he ‘mismanaged economy’

Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.
Rescue workers stand near a passenger train after it derailed during rush hour outside Hung Hom station on the Kowloon side of Hong Kong. Anthony Wallace-AFP-Getty Images

Train derails in Hong Kong during rush hour

A passenger train derailed during the morning rush hour in Hong Kong on Tuesday leaving eight people injured, authorities said.
Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

Osun governor inaugurates eight primary health care centres

Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

IPOB: Security agents besiege Nnamdi Kanu’s Umuahia home

The Indigenous People of Biafra (IPOB) has insisted that security agents have been keeping watch at the country home of their leader, Mazi Nnamdi Kanu, despite consistent denial by the authorities.