NGX Loses N93bn as Global Equity Market Declines   The Nigerian equity market shed N93bn on Monday, mirroring the broader global market decline. The All-Share Index and market capitalisation fell by 0.17 per cent to 97,582.41 points and N55.40tn. The day’s trading saw 9,738 transactions totalling N6.217bn, with...

Investors Gain as Positive Trading Lifts Equity Market By N464bn   After recording four bullish trade sessions last week, investors in the Nigerian Exchange gained N464 billion. The market opened on a positive note and sustained the sentiment till Thursday, with investors earning N501 billion in the...

Pension Funds Gained N119.68bn From Equity In Q4, 2020 – PenCom       Pension fund investment gained N119.68bn from equity in the fourth quarter of 2020, the National Pension Commission has revealed. Figures obtained on Monday from the PenCom report titled ‘Net realised gains/(losses) on equity/bonds in fourth...

Equity, Banking Sectors Attract N31.96trn Capital Inflows In Six Years   Shares, banking and financing attracted the highest share of the N31.96 trillion ($87.96 billion) worth of investment inflows into Nigeria in six years. The Central Bank of Nigeria’s (CBN) guidelines show that capital importation can...

Afreximbank Shareholders Invest $500m In New Equity   The African Export-Import Bank (Afreximbank) has announced that existing shareholders have invested $500 in new equity to strengthen it. A statement released by the bank yesterday indicated that the shareholders, including the Federal Republic of Nigeria and the Arab...

In Just Six Trading Days Investors Lose N421bn   Equity investors lost a total of N421bn in six trading days as the market capitalisation dropped to N13.051tn on Tuesday from N13.472 on September 27. At the end of trading on Tuesday, the benchmark index declined by 0.2...