Investors in Nigeria’s equities market on Monday lost about N464.3 billion as the market reacted to the downgrade of the Nigerian Exchange Limited (NGX) by FTSE Russell, a global index issuer. FTSE Russell, UK-based firm, had downgraded the Exchange from “Frontline” to “Unclassified Market” and hinted that the NGX would be reclassified by September 18, […]
Investment experts at Bancorp Securities Limited have advised investors to be cautious about staking funds in equities as the bullish sentiments that characterized the release of financial results of listed entities over the past weeks may moderate this week. The analysts, in the firm’s ‘Weekly Stock Recommendations: Sept 11 – Sept 15 2023’ circulated to […]
Trading on the Nigerian Exchange on Friday closed positive as bullish investors controlled the trend after a 2-losing streak, with market capitalization gaining N33 billion at the end of the day’s transactions. As expected, the equities All-Share Index (ASI) traded 0.09% higher to close at 68,143.34 index points as against 68,082.11 index points recorded in […]
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has projected that given the current level of capital expenditure, it may take up to three centuries to bridge the nation’s consistently widening infrastructure gap. Yuguda, who made this forecast at the 2023 Chartered Institute of Stockbrokers (CIS) National Workshop which was […]
The Chief Executive Officer of NGX Regulation Limited (NGX RegCo), Ms Tinuade Awe, has advised Nigerian banks to integrate environmental, social, and governance (ESG) principles into their business strategies in line with best practices for global competitiveness. She gave the charge on Thursday during her contributions in a panel session titled “ESG in the Financial […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that the bullish momentum that characterized trading sessions in the nation’s equities market over the past week may be reversed this week as the planned industrial action workers and other factors may impact negatively on the market’s performance. In […]
The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector, has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]
The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, said on Friday that the last time Nigeria’s economy looked stable was about 10 years ago, noting that since then the performance of the economy has been oscillating. The minister made this remark in his maiden press conference in Abuja during which […]
In what appears a continuation of the bullish sentiment that characterized many days of its trading sessions in August, the Nigerian equites market opened the first trading session in September on Friday bullish as investors sustained their confidence in the market. Consequently, the All-Share Index (ASI) rose by 1.47% higher to close at 67,527.19 index […]
Nigerian equities market closed on a bullish note as investors revved up their drive for blue-chip stocks with the attendant positive impact on the market’s breadth.. The All-Share Index (ASI), the benchmark index, traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading session. Similarly, […]