Equity Market Opens Second Half with N21b Loss Nigerian equities opened trading for the second half with a streak of profit-taking as investors looked ahead to the second quarter earnings season. Average return at the equities market dropped by 0.04 per cent, equivalent to net capital...

NGX ASI Gains Again, Crosses 68,000 Basis Points  The All-Share Index of the Nigerian Exchange Limited crossed the unprecedented level of 68,279.14 basis points barely a week after it broke a 15-year record set on March 5, 2008. The ASI rose by 1.11 per cent on...

N796bn Investors’ Losses In May Extends Into June       Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a toll on the Nigerian Exchange Limited (NGX), as investors, having lost N796 billion in May, might experience...

In Five Months, Nigerian Investors Lose N1trn       Nigerian equities closed weekend with average negative return of five per cent, implying a net capital depreciation of more than N1 trillion for investors in quoted shares. The stock market capped its losing streak this month with a net...

Stocks Extend Decline As 17 Firms Record Losses       The Nigerian stock market extended its decline on Monday as 17 companies saw their share prices decline at the end of trading. Investors in the market lost N600bn last week as the market capitalisation of equities fell below...

Investors Dump Equities Amid Anxieties Over CBN’s Rate Call         Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...