Category Archives: Capital Market
Dollar heads toward three-month low before Fed meeting
The dollar weakened against its rivals on Tuesday, heading back toward a recent three-month low before a U.S. Central Bank meeting gets underway with expectations
State gaming regulators kick against VAT, explain operations
State gaming regulators have called for a better understanding of their operations, unity of processes and licensing, especially from the lens of the National Lottery
Nigeria’s inflation rate hit 11.40% in May – NBS
With the rate at which prices of goods and services rise up for the second consecutive month, analysts are concerned over inflationary pressures creeping back
Equities market begins week bearish, sheds 0.37%
The Nigerian equities market commenced this week trading session, yesterday on a negative note with a decline of 0.37 per cent. The All Share Index
Ellah lakes lists 1.88bn new shares on NSE
Ellah Lakes Plc has listed an addition 1.88 billion units of shares on the main board of the Nigerian Stock Exchange (NSE). Also, the company
NSE All-Share Index sheds 1.3% as market extends losses to second week
The Nigerian equities market extended its losing streak to the second consecutive week as the Nigerian Stock Exchange All-Share Index (NSE ASI) declined by 1.27 per cent
Bears retain market hold amid depreciation in bellwether stocks
The Nigerian Stock Exchange (NSE), resumed trading on a bearish note after the one-day holiday to mark Democracy Day celebration with 0.23 per cent decline
NASCON shareholders approve N2.65bn dividend for 2018
NASCON Allied Industries Plc said it is targeting more market share in the food sector through increased product range and innovation. Also, the company’s shareholders
Stock market index sustains sliding profile, down by 0.7%
The reign of the bears continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks constituted the losers chart,
Market capitalisation lost N48bn, amid profit taking
The Nigerian equities market resumed trading for the week on consolidation of a five-day losing streak with a loss of N48 billion due to bargain
Crisis of confidence in capital market will dampen investors’ appetite for stocks
The increasing crisis of confidence in Nigeria’s stock market will further erode investors’ confidence, and slow down buying interests, analyst at Investdata Consulting Limited, has
Bargain hunting: NSE indices drop further by 1.30%
Trading on the Nigerian Stock Exchange (NSE) resumed on Thursday after the two-day holidays to mark Eid-el-Fitri on a bearish trend due to bargain hunting.§
Naira Exchange Rates