The Nigerian Stock Exchange (NSE) today, added to its daily official list, a new ETF that will aid investors in the diversification of their investment portfolios.
Investors in Nigeria’s equities resumed trading upbeat in Monday to halt four consecutive days of downward movement.
Operators in Nigeria’s capital market have solicited the cooperation of Olukayode Fayemi, Chairman of Nigeria Governors’ Forum (NGF) and Governor of Ekiti State, towards facilitating the listing of state owned enterprises (SOEs) as a means of raising capital to boost infrastructural and economic development across the nation.
L – R: Mr. Kayode Falowo, Group Managing Director/CEO, Greenwich Trust Limited; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); His Excellency, Dr. Olukayode Fayemi, CON, Executive Governor of Ekiti State; Otunba Abimbola Ogunbanjo, National Council President, The Nigerian Stock Exchange (NSE); Erelu Angela Adebayo, National Council Member, NSE; Mr. Abubakar Balarabe Mahmoud, SAN, OON during the Closing Gong Ceremony in commemoration of the Facts Behind the State Economy presentation at the Exchange Friday in Lagos.
Nigeria’s equity market lost N109 billion in the first trading session on Wednesday after the Eid-el-Kabir celebration with a loss of 0.82% due to profit taking in blue chips.
In a bid to further ensure the protection of investors in the Nigerian capital market, the Securities and Exchange Commission (SEC) has restated its determination to reduce unnecessary transaction costs.
The volume of transactions concluded with point of sales, popularly known as PoS in Nigeria, declined in the first quarter of the year.
On Monday, August 7, Nigeria’s currency traded N362.57 to the dollar at the parallel market in Lagos.
Analysts at United Capital have hinted on the possibility of a reversal in Nigeria’s equities market current trend.
Abubakar Suleiman, Sterling Bank’s CEO has explained the reason behind a 6% decline in the bank’s profit for the half year period ended June 30, 2019.