Investors lose N145bn in 3 days as bearish trend persists
Investors on the stock market have lost over N145 billion in three trading days of this week as bearish trend continued.
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Tag: INVESTORS
Investors await Trumpet for derivative trading
Capacity building is one of the statutory functions of the Chartered Institute of Stockbrokers (CIS), even as the high-profile Institute is on a definitive journey towards changing its name to reflect the wider duties of stockbrokers. With the Theme: “ Derivative Markets, Instruments and Contracts”, the Institute held a two-day successful virtual training on Wednesday, February 24 and Thursday, February 25.
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We will support investors, FG assures
BY Victoria Ojeme Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has said that the government would remain committed to supporting investors to realise their goals. He spoke while receiving a delegation of Daniel Franco Institute who visited him to seek support for the setting up of the Rabelat Entrepreneurship Centre for Animal Husbandry
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Investors told to harness agricultural potentials of Urhobo land
By Festus Ahon PROMINENT Urhobo leaders have called on investors to harness the huge agricultural potentials in Urhobo land to create employment and reduce the level of poverty among the people of the ethnic nationality. The leaders held that the age-long practice of subsistence farming was no longer fashionable, and could not create the desired
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Local Content Commission Bill: Stakeholders, Investors warn against violation of free zone act
By Ibrahim HassanWuyo Local and foreign stakeholders have warned against amendment to the Local Content Act. They said doing so is capable of violating investment protection and incentives guaranteed by the Free Zone Authority Act. In a submission on the bill to amend the Local Oil and Gas Content Act to create a countrywide local content
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On decreased FPI flows: ‘Nigeria doing much better than peers’
(Response to: “More foreign investors leave as FPI flows crash by 228%”) Writing in the Vanguard Newspaper on 31 August 2020, Peter Egwuatu presented a narrative of recent outflows of Foreign Portfolio Investment (FPI) from Nigeria. There are two main reasons why this article is both misleading and incomplete. First, one of the most enduring
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More foreign investors leave as FPI flows crash by 228%
Foreign Portfolio Investment, FPI, inflow to the Nigerian economy has recorded massive decline in the first seven months of 2020 (January-July) amidst growing negative macroeconomic numbers.
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NSE: Investors lose N222bn in 6 hours
Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading. Specifically, the market capitalisation which opened for the week on Monday at N10.993 trillion shed N222 billion or 2.02 per cent to close at N10.771 trillion. In
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Dangote Cement woos investors with N100bn issue
By Peter Egwuatu Dangote Cement Plc is seeking to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme. According to the investor presentation document prepared by the company, themed ”Building Prosperity in Africa,” the funds from the debut offering in the bond markets are to
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COVID-19: Sell pressures persist as investors lose N99bn in 2 days
By Peter Egwuatu Sell pressures continued in the stock market as fear of Coronavirus (COVID-19) remains unabated with investors losing over N99 billion in the first two trading days of the week. The market capitalisation, which represents the value of shares in all the companies quoted in the Nigerian Stock Exchange, NSE, declined to N11.747
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