Category Archives: Capital Market
Share prices hit 10-year low amid uncertainties, weak economy, others
Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the Nigerian Stock Exchange (NSE), hit 10-year low under the current financial year. Among these stocks
CBN orders Mfbs to disburse higher, lower banknotes together
The Central Bank of Nigeria (CBN) has mandated the microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers. This is contained in the guidelines for the disbursement of lower denominations of the banknotes through
CBN auctions N34bn treasury bills
The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors. According to Reuters, traders said the central bank asked them to increase their rates at a bills auction on Wednesday compared with
Stakeholders seek clarification of forex ban for food import
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not extend access to foreign exchange (forex) for food
Negative sentiment persists, index dips further by 1.4%
Negative sentiments continued to pervade activities on the equity sector of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and market capitalisation depreciated by 1.4 per cent to close the week at 26,925.29 points and N13.121 trillion respectively.
All-Share index falls below 27,000 threshold as market sustains losses
The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing. The continued bear run pushed the NSE ASI down by 1.40 per cent, while
Debt market capital to Get more Boost as FMDQ transforms
The Nigerian debt capital market is set to witness a boost following the transformation of the FMDQ OTC Securities Exchange to a full-fledged securities exchange from an over-the-counter (OTC) market. Financial market operators, analysts and other stakeholders said that given
‘Nigeria can fight poverty if forex potential is explored’
Nigeria can reduce its level of unemployment and fight poverty if the potential in the foreign exchange (fx) market is fully explored, FX expert has said. According to them, using institutional mechanism to drive a profitable foreign exchange in the
Equities market falls further as Bellwethers dominate price losers
The stock market depreciated further yesterday following price losses by bellwethers such as Dangote Cement Plc, Zenith Bank Plc,FBN Holdings Plc and Flour Mills of Nigeria Plc. The Nigerian Stock Exchange (NSE) All-Share Index fell 0.42 per cent to close
Investors lose N125 billion in three trading days
Trading at the Nigerian Stock Exchange (NSE), sustained its bearish hold, as sell-off in most bluechip stocks persisted yesterday, causing investors’ wealth to plunge further by N125 billion in three trading days. Specifically, market capitalisation of listed equities, which opened
Equities market begins trading week with N19bn gain
The Nigerian equities market began trading week, yesterday on a positive note as investors gained N19 billion amid renewed bargain hunting activities in 18 stocks. The All Share Index (ASI) increased by 38.92 absolute points, representing a decline of 0.14
Investments in Fintechs in Nigeria, SSA hit $357 million
396m registered mobile money accounts now in region Over the last 12 to 18 months, Sub-Saharan Africa (SSA) has emerged one of the fastest growing financial technology (Fintech) hubs in the world in terms of investments, albeit from a low
Naira Exchange Rates