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Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.
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.
The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings being released by companies.
Analysts at Afrinvest Limited stated that “we anticipate a rebound in today’s trading, as we saw significant buy interest in banking stocks yesterday, which we expect to be sustained throughout this week.”
The Nigerian equities market yesterday maintained negative sentiment as the Nigerian Stock Exchange (NSE) All – Share – Index (ASI) further lost 0.30 per cent. NSE-ASI shed 108.44 absolute points, representing a decline of 0.30 per cent to close at 36,346.80 points.
The Nigerian Stock Exchange (NSE) has suspended trading in the shares of seven insurance companies and RT Briscoe for not submitting their 2017 audited accounts and statements.
Many penny stocks posted price depreciation on the Nigerian Stock Exchange (NSE) for the month of February, with Consolidated Hallmark emerging the worst performing stock in percentage terms.
The US says it is committed and will continue to work closely with Nigeria on recovery and repatriation of stolen assets to the country.
Wife of former President Goodluck Jonathan, Patience, on Friday urged the Federal High Court in Lagos to order the release of the $5.7m and N2.4bn seized from her by the Economic and Financial Crimes Commission, EFCC.
Senator Kabir Marafa (APC-Zamfara) has described the Supreme Court judgement on Zamfara All Progressives Congress candidates in the last elections as “a sweet, bitter but a huge victory for democracy.”
As he prepares to bow out of office, Lagos State Governor Akinwumi Ambode on Friday said he has served humanity throughout his reign and that posterity will judge him.
The Admiralty University of Nigeria (ADUN), Ibusa, near Asaba was inaugurated on Friday by the Chief of Naval Staff (CNS), Ibok Ete-Ibas, with the first batch of 231 students matriculating.
Malawi polls opened on Tuesday after a closely-fought election campaign, with President Peter Mutharika battling to hold off two serious rivals in a race that has focused on corruption allegations and economic development.
The Nigeria Football Federation conducted the draw for the men’s Round of 64 of the 2019 Federation Cup, with a number of high profile fixtures revealed for May 25.
The Nigeria women's side is in Austria to commence their final phase of preparations for next month's Fifa Women's World Cup in France.
The World Health Organisation (WHO) has declared Algeria and Argentina malaria-free.
Witnesses: Abdulrasheed Maina opened three accounts where ”unspecified amounts” were lodged in Fidelity Bank...
Two witnesses in the trial of Stephen Oronsaye, former Head of Service of the Federation, alleged that a brother of Abdulrasheed Maina, former Chairman of Pension Reform Task Team (PRTT), opened three accounts where ”unspecified amounts” were lodged in Fidelity Bank Plc.