In Five Days, Investors Staked N15.3bn On Equities   At the close of transactions last week, a turnover of 711.6 million shares worth N15.3 billion was recorded in 16,662 deals on the floor of the Nigerian Exchange Limited (NGX). This volume of shares traded was higher than...

Forex Inflows Hit 19-month Low   Foreign exchange inflows into the official forex market have dropped to their lowest level in the past 19 months as investors remain unimpressed by the efforts of the Central Bank of Nigeria (CBN). Foreign exchange (forex) inflows into the official Investors...

Telecoms Sector Records $70bn Investment, Employs 500,000 – NCC     The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has stated that the telecommunication sector sustains 500,000 jobs. He added that the sector’s contribution to Gross Domestic Product had also grown from insignificance to...

13 Belgian Doctors, Investors Embark on Medical Outreach, Trade Mission to Nigeria   The Embassy of Nigeria in Belgium weekend held a reception for a team of 13 Belgian doctors and investors who are set for Medical and Trade Missions to Nigeria. Speaking at the event, Nigeria’s...

Investors Lose N902bn In Four Days   Investors at the Nigerian equities market closed weekend with a net loss of N901.98 billion as increased selloffs forced most stocks to close at lower prices. Benchmark indices for Nigerian equities closed weekend with average decline of 3.41 per cent,...

Stock Market: New Rule Threatens Investors N1trn Funds   A newly enhanced customer identification framework for the Nigerian capital market may trap not less than N1 trillion in investors’ accounts until such investors are able to fully comply with the enhanced three-layered identification framework. The new amendments...