Investors

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.

The dollar fell versus a basket of its peers on Monday as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets.

The Nigerian Economic Summit Group, NESG, has said that the nation’s real Gross Domestic Product, GDP, will grow by 3.2 percent in 2019.

The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window.

The Nigerian stocks market yesterday posted a gain of 1.98 per cent, its best performance so far in 2019, to further extend bullish trend to five consecutive trading days and return the year-to-date (YTD) performance to positive after seven months of being negative.

Asian shares crept back from four-month highs on Friday as a dismal survey on Chinese factory activity dulled optimism about the prospects for a Sino-U.S. deal on tariffs.

The Naira on Wednesday closed at N363.32 to the dollar at the investors window, the News Agency of Nigeria (NAN) reports.

Union Bank of Nigeria Plc on Monday launch TechVentures, a unique banking proposition aimed at providing tailored services to technology companies in their various stages of business life cycle.

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.

Utomi made these remarks at the commissioning of the new gigantic Corporate Headquarters edifice of the Vista International Conglomerate in Lagos State.

The Naira on Thursday lost marginally to the dollar at the parallel market in Lagos exchanging at N362.5, weaker than N362 traded on Wednesday.

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said he is among those suffering from the power problem in the country.

The Minister of Science and Technology, Dr Ogbonnaya Onu, doled out N6.750 million to researchers, innovators and investors who distinguished themselves at the just concluded Technology and Innovation Expo 2019 which took place in Enugu.

The Minister of Science and Technology, Dr Ogbonnaya Onu, has reiterated Federal Government’s determination to continue to work until the country produces Noble Laureates in Chemistry, Physics and Medicine, while advancing science and technology.

The European Commission has reinstated duties on rice from Cambodia and Myanmar for three years after determining that imports were causing economic damage to European producers.

Shareholders have urged the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to introduce policies that would enhance minority shareholders’ protection in 2019.

The equities market closed yesterday on a negative note to commence the weekly trading activities on the downswing after it also finished last Friday in the red.

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, says Nigeria is presently a major leader in yam and ginger exportation and has the best quality ginger in the world.