Business

Equity investors lose N4.9trn, as market uptrend reverses 

By Peter Egwuatu  The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX.  The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the […]
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Agric: New biodiversity project to improve nutrition, food security

A global conference of food has said that undervalued but nutritious food can make the difference in efforts to secure food security across continent, officials attending the 2012 World Nutrition Congress in Rio Degenrio said that “Placing renewed emphasis on sustaining the natural variety of crops and animals contributing to agriculture, including neglected yet nutritious traditional foods, can improve food security and address growing global concerns over poor nutrition and its negative health effects’.

FBN Life capitalises on FirstBank branches to distribute products

Managing Director of FBN Life Assurance Mr. Val Ojumah has said that his company has an edge in the insurance sector because it is capitalising on the branch network of First Bank Plc in the distribution of its products to every part of the country.

Experts attribute rising inflation to low productivity in real sector

Some financial experts have attributed the rising inflation rate in the country to low activities in the real sectors. They told newsmen in Lagos on Monday that the rising inflation rate would retard the growth of the economy. The National Bureau of Statistics has reported that the inflation rate increased from 11.9 per cent in February to 12.1 per cent in March.

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