Dangote Loses $2.5bn In One Month
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index.
The index, which is a ranking of the world’s 500 richest people, showed that...
Stock Market Suffers N280bn Loss In A Week
Equity trading on the floor of the Nigerian Stock Exchange closed last week on a negative note amid the spread of the global pandemic, COVID-19, in the country.
The NSE All-Share Index and market capitalisation both depreciated by...
Stock: Dangote Leads Others To Sustain Market’s N85bn Loss
The Nigerian equity market on Tuesday extended negative sentiment with a loss of N85bn as Dangote Cement Plc and Nascon led other losers.
However, the market breadth closed positive, recording 27 gainers against 12 losers.
Consequently, the All-Share...
Investors Lose N208bn As Stock Market Declines Further
The equities market on Monday extended downward trend to seven consecutive trading days as investors continued to sell-down amidst the fear of coronavirus pandemic.
Consequently, the market breadth closed negative, recording nine gainers against 28 losers.
The All-Share Index...
Stock Market Drop By 4.28%, Highest In 47 Weeks
Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures and the first case of the Coronavirus confirmed in the country last week.
Trading activities on the...
Stock Market Extends Downtrend, Records N31bn Loss
Transactions in the Nigerian equity market on Wednesday closed negative, as losing streak extended to four consecutive trading days, following sell-off on some high-valued stocks.
Consequently, the market breadth closed negative, recording 11 gainers against 16 losers.
Meanwhile, the All-Share...
