Investors Lose N77bn as Equity Market Dips   The Nigerian equity market reversed its previous gains, recording a N77bn loss at the close of trading on Tuesday as investor sentiment weakened. The market capitalisation of the Nigerian Exchange Limited declined to N67.02tn from N67.1tn recorded in the...

FG Opens Offer For $500m Domestic Bond, Bars Cash Payment   The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five...

Mr. Bismarck Rewane, the Chief Executive, Financial Derivatives Company Limited, has warned that the inconsistencies in the federal government’s policies are taking a toll on the economy as well as investor confidence.  

Nigerian Equities Open With N304bn Loss   Nigerian equities opened this week with a continuation of bearish sentiment as investors sought to lock in gains into fixed income securities. Benchmark indices at the Nigerian Exchange (NGX) indicated average decline of 0.53 per cent, equivalent to net capital...

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to provide special support mechanisms to strategic companies and industries that play a key role in achieving inclusive economic growth for the country’s Gross Domestic Product (GDP) in light of the current economic challenges facing Nigerian society.

Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...