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 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