A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
The downward trend of the Nigerian Stock Exchange (NSE) which followed the announcement of the presidential election two weeks ago persisted yesterday with investors losing N108 billion.
Read MoreThe rejection of the results of the recently concluded presidential election by the main opposition party, Peoples Democratic Party (PDP) poses further threat to trading activities on the Nigeria Stock Exchange (NSE).
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Mr Akim Yusuf, the Chief Executive, Cavan Jordan Resources Ltd., says the plan to list e-commerce platforms — Jumia and Konga — on the stock exchange is good for the economy.
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Just within the first three trading days of this week, the Nigerian stock market fully reversed the fortunes it garnered in the first month of the trading year 2019, recording a whopping N105 billion losses to investors.
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The roller-coaster ride on Wall Street resumed on Wednesday, the first trading day of the new year, as stocks plunged early on, then slowly recovered and finished with a slight gain.
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The year 2018 was not so rosy for the Nigerian Stock Exchange (NSE) as its crucial indicators depreciated by 19.77 per cent due to uncertainties surrounding the forthcoming general elections.
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A huge rally in the last trading day at the Nigerian Stock Exchange, NSE, yesterday which gained 1.27 perccent could not save the market from abysmal negative full year result. In the end the market recorded -17.8 percent loss for the year 2018.
Read More Operators in the stock market have said that the bearish trend that plagued the market last week will continue even as investors lose N293.69 billion in their equity investments.
Read More DESPITE the heightened political tension in the country ahead of the 2019 general election and increasing yield in the United States of America, which have necessitated sell-off in the Nigerian stock market in the last few months, foreign investors seem to be raising their stake in the equity market as foreign portfolio investment, FPI, which has been wobbling since the beginning of year, has started an upward move.
Read More ON the back of the persistent decline in the equities market and anticipation of release of third quarter 2018 (Q3’18) earnings reports by quoted companies, operators in the market have urged investors to adjust their portfolio to accommodate stocks with history of resilient revenue growth and consistent dividend payment.
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