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Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
The continued flow of funds into the stock market on the back of investors’ continued search for attractive returns pushed the market capitalisation from N17.092 trillion to N19.236 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI), rose from 34,250.74 to 36,804.75 or 7.46 per cent, which are new highs.
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy between January and September 2020.
The banking sector inspired the All-Share Index to gain 105.48 absolute points, representing a 0.30% growth to close at 35,147.62 points, Market Capitalization appreciated by N55.17 billion, representing a growth of 0.30% to close at N18.364 trillion.
The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
The Accountant General of the Federation is expected to furnish the House of Representatives with financial statement on the utilisation of the N2.2 trillion revenue accrued from the foreign and domestic debts raised by Debt Management Office.
The Peoples Democratic Party, PDP, Sunday, urged the new Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulraheed Bawa, to restore professionalism in the running of the anti-graft body.
An renowned economist, Dr Paul Alaje, has frowned at a situation whereby Nigeria spends up to 60% of its revenue on debt servicing, describing the development as disturbing and worrisome.
President Muhammadu Buhari has assured Nigerians that last Friday's abduction of female students from Government Girls Science Secondary School, Jangebe, will be the last to happen.
The Chief of Defence Staff (CDS)-designate and the Service Chiefs-designate forwarded to the Senate for screening and subsequent confirmation by President Muhammadu Buhari, Tuesday assured the Lawmakers and Nigerians of their readiness to end insecurity in the country.
The National Assembly in engaging the Ghanaian authority to amend its trade laws and make it easy for Nigerians to do business in Ghana.
The Kwara Government has warned principals in public schools not to extort students during the registration of the upcoming West Africa Examination Council (WAEC) examination.
The Nigerian international produced a spectacular seventh goal of his campaign to assist the Rangers ’ push closer to the title with a convincing victory over Dundee United.
President Muhammadu Buhari looked stunned and went into laughter as the daughter of his former Aide-De-Camp, Colonel M. L. Abubakar, saluted him smartly with all precisions of the military.