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The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.
Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
The Senator representing Ogun Central Senatorial District and Chairman of the Senate Committee on Capital Market, Ibikunle Amosun, has said the committee would revisit the Petroleum Industry Bill (PIB) and the Investment and Securities Act (ISA) Bill.
The 15.50% fixed rate, unsecured climate-credential green bond is the first of its kind to be issued by a Nigerian corporate and represents a major milestone in the development of the local green finance market.
The Senate Committee on Communications has said that it was impressed by the various regulatory interventions which the Nigerian Communications Commission (NCC) has taken to ensure improved service delivery and bridging access gaps in the country.
Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Khaled El Dokani, the country Chief Executive Officer of Lafarge Africa in Nigeria, has apologised for the company’s role in admitting the deadly coronavirus into Nigeria.
Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.
Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, says the Federal Government will further introduce incentives to boost investments in the nation’s capital market.
Zenith Bank Plc has announced that it will pay a final dividend of N2.50 for every 50 kobo shares, thereby bringing the total dividend paid for FY 2019 to N2.80.
The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
Some married women in Ado-Ekiti on Wednesday say the ‘stay-at-home’ order occasioned by the coronavirus pandemic, has turned out to be a blessing in guise for them.
Nigeria now has seven functional laboratories to test for the Covid-19 virus, the health minister, Osagie Ehanire, said on Wednesday.
President Muhammadu Buhari on Wednesday mourned the death of a foremost Nigerian educationist and author, Phoebean Ogundipe.
The death toll from the COVID-19 pandemic in African countries has reached 196 as confirmed cases surpassed 5,786, the Africa Centre for Disease Control and Prevention (Africa CDC) revealed on Wednesday.
One hundred and eighty-eight thousand, three hundred and fifty-two people have so far recovered globally from the novel coronavirus, according to data published by Worldometers, a website providing real time statistics on the infection around the world.
The All Progressives Congress (APC) has commended President Muhammadu Buhari for vigorously leading the fight to curb coronavirus pandemic in Nigeria ‘like a legendary troop commander’.
In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.
The Nigerian Army has debunked publications in some media platforms about a purported Federal Government’s plan to enforce military lockdown on Friday.
The 36 state governors under the platform of the Nigeria Governors Forum (NGF) have agreed to hold their weekly meetings via tele-conferencing to check the spread of COVID19 in the country.
The Federal Government Wednesday announced that it has released 70, 000 metric tonnes of grains from the Strategic National Reserve to alleviate the sufferings of many low-income earners whose sources of livelihood have been cut off by the two-week lockdown of Abuja, Lagos and Ogun states in the wake of the novel coronavirus (COVID-19) pandemic.