The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit. The CIS President, Mr Olatunde Amolegbe, said this in a statement on Sunday in Lagos. Amolegbe said that the Nigerian capital market would definitely help in Read More…
The Nigerian Stock Exchange (NSE) on Friday sustained positive trend with the market indices appreciating further by 0.47 per cent. Specifically, NSE the All-Share Index rose by 133.19 points or 0.47 per cent to close at 28,697.06 compared with 28,563.87 achieved on Thursday. Similarly, the market capitalisation which opened at N14.929 trillion improved by N70 Read More…
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
The nation’s bourse on Thursday rebounded with a growth of N59 billion in spite of social unrest and curfew in major cities of the country. Specifically, the market capitalisation which opened at N14.870 trillion rose by N59 billion or 0.40 per cent to close at N14.929 trillion. Also, the All-Share Index increased by 114.38 points Read More…
The Nigerian Stock Exchange (NSE) on Wednesday reacted to social unrest following the aftermath of #EndSARS protests losing N113 billion, amid sell pressure. Specifically, the market capitalisation shed N113 billion or 0.75 per cent to close at N14.870 trillion against N14.983 trillion recorded on Tuesday. Also, the All-Share Index dipped 216.33 points or 0.75 per Read More…
Emirates has announced it will increase its flight to Lagos from four weekly to five weekly flights on October 25th, and then daily from November 1st. Upon resumption to Nigeria routes after the COVID-19 lockdown on September 7th, the airline had announced that flights to Lagos will be operated four times a week on Monday, Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has advised the EndSARS protesters to progress to dialogue as the next stage of civic engagement, in consideration of economic activities. Mrs Toki Mabogunje, President, LCCI, made the appeal in a statement on Monday in Lagos. Mabogunje said the dialogue phase was necessary to reduce the massive Read More…
The Securities and Exchange Commission (SEC) says it is working with other stakeholders in the market to introduce capital market studies in primary, secondary and tertiary institutions in the country. Mrs Efe Ebelo, the Head of Corporate Communication, SEC, Abuja, in a statement on Sunday said that the move would boost the level and quality of Read More…
The Nigerian Copyright Commission (NCC) has arrested and arraigned seven suspected and notorious pirates in Court. Mr. John Asein, Director General (DG) of the NCC, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Yola, where he will present a copyright certificate to a prominent stakeholder in the state. Read More…
After two days of cautious trading, the nation’s bourse on Friday recorded N164 billion growth following renewed investors interest. Specifically, the market capitalisation which opened at N14.815 trillion rose by N164 billion or 1.11 per cent to close at N14.979 trillion. Also, the All-Share Index rose by 315.41 points or 1.11 per cent to close Read More…