Category Archives: Capital Market

Dollar heads toward three-month low before Fed meeting

dollar

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 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

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%

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 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

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

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 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%

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

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

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%

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.§