The Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close at 34,557.26 Read More…
Business
Bears persist on NSE as market capitalisation loses N6bn
The losing streak of the Nigerian Stock Exchange (NSE) extended on Wednesday with the market capitalisation dropping further by N6 billion. Specifically, the market capitalisation which opened at N18.310 trillion lost N6 billion to close at N18.304 trillion. Also, the All-Share Index dipped 12.48 points or 0.04 per cent to close at 35,021.26 compared with Read More…
Lagos APPEALS, ALF collaborate to train 250 agro-entrepreneurs
The Lagos State Agro-Processing Productivity, Enhancement and Livelihood Improvement Support (APPEALS) project and the Africa Leadership Forum (ALF) are collaborating to train 250 beneficiaries on accessing second level financing. Mrs Oluranti Sageo-Oviebo, State Project Coordinator, APPEALS, said this on Wednesday in Lagos, during the graduation of the first batch of 50 beneficiaries under the aquaculture, Read More…
Integrate the informal sector into mainstream economy – UNDP
The United Nations Development Programme (UNDP) has called on African governments to seek more creative ways of harnessing the economic potentials of the informal sector to deepen resilience in their economies. Mr Raymond Gilpin, Chief Economist and Head of Strategy, Analysis and Research at UNDP Africa, said this on Tuesday at a news briefing on Read More…
NSE market indices drop further 0.09%
The Nigerian Stock Exchange (NSE) market indicators on Tuesday dropped further by 0.09 per cent on sustained profit taking embarked on by some investors. The market capitalisation, which opened at N18.327 trillion, dipped N17 billion or 0.09 per cent to close at N18.310 trillion. Also, the All-Share Index lost 30.62 points or 0.09 per cent Read More…
Corruption stalls uninterrupted electricity to Africa – CIPE
Centre for International Private Enterprise (CIPE) has said that huge sums lost to corruption in Africa was enough to provide 24 hours uninterrupted power supply for three years. Andrew Wilson, CIPE Executive Director, stated this at the 2020 edition of the Africa Business Ethics Conference (ABEC) on Monday in Lagos. The conference theme was: “Tackling Read More…
Nigeria stock market dips N38bn amid blue chips loss
The nation’s bourse opened trading for the week on Monday with a loss of N38 billion due to profit taking on Ecobank Transnational Incoporated (ETI), Zenith Bank and Nigerian Breweries. Specifically, the market capitalisation shed N38 billion or 0.21 per cent to close at N18.327 trillion from N18.365 trillion achieved on Friday. Also, the All-Share Read More…
Buhari declares 2020 Lagos trade fair open
President Muhammadu Buhari on Friday declared the 2020 edition of the Lagos International Trade Fair open, reiterating the Federal Government’s commitment to revamping Nigeria’s Industrial Revolution Plan (NIRP). The trade fair, which is being promoted by the Lagos Chamber of Commerce and Industry (LCCI), will be on till Dec. 13. The fair, the 34th edition, Read More…
NSE rebounds by N89bn on Airtel Africa gain
After two consecutive days’ loss, the Nigeria stock market on Friday rebounded by N89 billion due to price appreciation recorded by Airtel Africa. Airtel Africa dominated the gainers’ chart with N51.50 to close at N640 per share. It was followed by Mobil Oil with N19.20 kobo to close at N228, while Ardova gained 45k to Read More…
AfDB to support development of 5 SAPZs in Africa
The African Development Bank (AfDB) says it plans to support the development of Special Agro-industrial Processing Zones (SAPZs) on the continent. President of the bank, Dr Akinwumi Adesina said this at the 5th Annual Meeting of the Africa Economic Zones Organisation (AEZO) held in Tangier, Morocco on Thursday. The meeting was held in a hybrid Read More…