Nigerian Stock Exchange makes a Rebound in Market, Here’s Why

Trading on the Nigerian Stock Exchange (NSE) rallied on Thursday following renewed positive sentiment in banking and oil and gas stocks after dropping for two consecutive days. Specifically, the All-Share Index which opened at 26,790.10 increased by 34.40 points or 0.13 per cent to close at 26,824.50. Also, the market capitalisation inched N17 billion to[...]

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Stock index falls by 0.2percent loosing initial growing streak

Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed previous gains to close on a downward note yesterday, occasioned by to sell pressure in 20 stocks, causing the the All Share Index (ASI) to plunge by 0.2 per cent. Precisely, the ASI decreased by 40.70 absolute points, representing 0.2 per cent decline[...]

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Debt stock rises to N25.7 trillion – Nigeria

The nation’s debt profile rose from N24.95 trillion to N25.7 trillion in the last three months. One year ago, it was N22.38 trillion. The development showed that between April and June, the country’s obligations rose by N750 billion, and increased by N3.32 trillion when compared with the debt figures as of June 30, 2018. Government[...]

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The NSE lists the Greenwich Alpha ETF as market starts on a great note

The Nigerian Stock Exchange (NSE) yesterday listed the Greenwich Alpha ETF by Greenwich Asset Management Limited. The Greenwich Alpha ETF units were listed at N100 each following an initial public Offer (IPO). Greenwich Alpha is an open-ended ETF which tracks the NSE 30 Index, an index which constitutes 30 of the most liquid and capitalised[...]

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Insecurity and Economic Uncertainties are Sighted as the reason for over 1.7 trillion foreign investment loss

Foreign investors pulled out N1.77 trillion from the nation’s stock market in the last two years, citing insecurity and economic uncertainties. Many blue-chip companies quoted on the stock exchange also experienced huge losses within the period. Specifically, N435.31 billion in foreign portfolio investment outflow was recorded in 2017, while foreign investors withdrew N642.65 billion during[...]

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Proposed Vat Increment is set to Slowdown the Nigerian Economy- ACTIONAID

In a statement by its Country Communication Coordinator, Niniola Ayanda, yesterday, the group said: ”Rather than an increase in VAT at this time, other avenues could be explored in the short term such as the removal of petroleum subsidy, which many have argued does not benefit the Nigerian populace. “The plugging of fiscal leakages, a[...]

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Oyeyimika Adeboye: 1st Female MD of Cadbury in 50years

Cadbury Nigeria Plc has appointed Oyeyimika Adeboye as its first female managing director since the company was established over 50 years ago. According to a notice posted on the Nigeria Stock Exchange (NSE) on Thursday, Adeboye’s appointment is effective from April 1. She takes over from Amir Shamsi, who moves on to a new role[...]

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