Markets

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

Manchester City’s Spanish coach Josep Guardiola gestures during the UEFA Champions League group stage football match between Olympiakos and Manchester City, on November 25, 2020 at Georgios-Karaiskakis stadium in Piraeus, near Athens. AFP

Manchester City ease into Champions League last 16

Manchester City booked their place in the last 16 of the Champions League but there were more concerns for Pep Guardiola over his side’s lack of ruthlessness in a 1-0 win at Olympiakos on Wednesday.
President-elect Joe Biden is preparing to take over from President Donald Trump, but his transition team isn’t getting the level of cybersecurity support usually provided by outgoing administrations, according to The Wall Street Journal.

Joe Biden urges Americans to be safe during holiday, fight coronavirus pandemic

U.S. President-elect Joe Biden on Wednesday pleaded with Americans to take steps to remain safe as COVID-19 cases surge on the eve of the Thanksgiving holiday and pledged again to make combating the pandemic a top priority when he takes office in January.
Niger Delta Development Commission (NDDC)

Group rejects South-South governors desire to control NDDC

A Niger Delta group, Vanguard for Transparent Leadership and Democracy (VATLAD), has condemned the desire of South-South governors to control the affairs of Niger Delta Development Commission (NDDC).

UNIOSUN student commits suicide

His post on WhatsApp reads: “Often time I ask myself, Why do people commit suicide? Perhaps because they’ve got no one to encourage, motivate or guide them or because they felt there is no solution to whatever problem they are going through. Perhaps they forgot there’s more to enjoy when there’s life (hope) is not lost”.
The United States will temporarily require visitors from Iran, Myanmar, and a number of African nations to pay up to $15,000 in visa bonds in a new hardline immigration measure enacted late in Donald Trump’s presidency.

US visitors from developing nations to pay thousands in visa bonds

The United States will temporarily require visitors from Iran, Myanmar, and a number of African nations to pay up to $15,000 in visa bonds in a new hardline immigration measure enacted late in Donald Trump’s presidency.