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Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side.
A Non Governmental Organisation (NGO) has called on commercial banks to ensure compliance with the Nigeria Financial Intelligence Unit (NFIU) directive to local government councils on cash withdrawal limit.
MTN Nigeria Communications Plc has risen by the maximum daily allowable price gain of 10 per cent by mid day trading at the Nigerian Stock Exchange (NSE), chalking up a whooping N201.47 billion capital gains in second day of trading at the stock market.
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.
The Nigerian Stock Exchange (NSE) has held itself accountable to the highest standards regarding sustainability reporting and will continue to do more.
Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP), has explained why he rejected the results of Saturday’s presidential elections which saw incumbent President Muhammadu Buhari and candidate of the All Progressives Congress (APC) returned for another four year term in office.
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.
London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
Some financial experts on Wednesday identified outcome of general elections, direction of monetary policy and US-China trade tension as factors that would shape stock market in 2019.
Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed N26.5 billion to be at N11.18 trillion.
Investors’ net worth on the Nigerian Stock Exchange dropped by N581bn in November, amid ‘sell pressure’ ahead of the 2019 general elections and Yuletide celebrations.
Investors traded 450.139 million shares worth N9.397 billion in 2,858 deals compared with 149.653 million shares valued at N2.793 billion exchanged in 3,063 deals the previous day.
A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.
Stakeholders in the Nigerian capital market have urged the federal government to concentrate more on policies that would improve living standards of the people.
An Egyptian court has ordered the arrest of two sons of former President Hosni Mubarak over stock market manipulation, according to state media.
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A total of 33 places in the boxing tournament at Tokyo 2020 will be up for grabs at the African Olympic qualifier beginning in Dakar tomorrow.
Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.
Imo State Governor, Hope Uzodinma, has sought a refund of over N32billion his predecessors spent on Federal Government’s projects, especially on roads in the state.
South Korea reported its first death from the new coronavirus on Thursday, with 53 new cases of the coronavirus confirmed in a single day to bring the total to 104.
Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.
A Port Harcourt based electrical items spare parts dealer has written a petition to the Rivers State Commissioner of Police, accusing a female officer in the Command, simply identified as Sergeant Rose of threatening to cut his genital during interrogation over a case of unpaid debt.
A man died after falling into a river on Sunday as Storm Dennis swept across Britain with the army drafted in to help deal with heavy flooding and high winds.
The Federal Road Safety Corps (FRSC) in Niger says 6 people have died in an accident on Thursday on the outskirts of Lambata-Lapai road of Gurara Local Government Area of the state.
There are indications that Nigeria may lose $2.7 billion revenue from three deep offshore fields due to changes in tax and royalty laws as well as other uncertainties in the petroleum industry.
An early morning road auto crash has killed three persons at Amansea, just after the cow market, along Awka-Enugu Old Road in Awka North Local Government Area of Anambra State, on Saturday.