Emirates Airline Incurs $5.5bn Loss       Emirates Airline plunged into a $5.5 billion annual loss — its first in more than three decades — after the coronavirus pandemic devastated the aviation industry. The last time the airline reported a loss was in the 1987-88 financial year, when...

Investors Lose N340bn On NGX In A Single Day       Trading at the domestic bourse opened the week on a bearish mood with the market capitalisation losing N340 billion in one day, due to drop in Airtel Africa. Specifically, the market capitalisation, which opened at N20.409 trillion,...

Stocks Cut Losses As Market Capitalisation Rises To N20.19trn       The Nigerian stock market reversed some of its recent losses last week as the market capitalisation rose above the N20tn mark. The Nigerian Exchange Limited All-Share Index and market capitalisation appreciated by 1.23 per cent to close...

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...

NGX Opens Trading June With N12bn Loss       Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others. Consequently, the market capitalisation which opened for the month at...

Stock Market Sheds N812bn In May       The rally witnessed in the equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors. Owing to this, the market, which gained N418 billion in April, depreciated further by...