In Five Months, Nigerian Investors Lose N1trn
Nigerian equities closed weekend with average negative return of five per cent, implying a net capital depreciation of more than N1 trillion for investors in quoted shares.
The stock market capped its losing streak this month with a net...
Foreign Portfolio Investments Drop By 40.4% In Q1, 2021
Foreign portfolio investments (FPIs) in Nigeria dropped by 40.35 per cent to N150.23 billion in the first quarter of the year as against N251.87 billion recorded in comparable quarter of last year.
Nigeria’s latest FPI report obtained...
Nigerian Stocks Beat Global Stocks With N259bn Gains
Nigerian stocks played the contrarian at the weekend with a net capital gain of N259 billion in a week marked by general decline in share prices across the global advanced and emerging markets.
A market-wide rally drove the...
Despite COVID-19 Disruptions, Banks Attract N37trn Deposits
Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits.
This represented an increase...
Stock Market Sets New Milestone, Crosses N20trn Capitalisation
The market capitalisation of the Nigerian Stock Exchange (NSE) crossed N20 trillion capitalisation for the first time in the history of equity market last week, indicating an inflow of more funds into the market.
The bullish sentiment continued...
Nigerian Equities Sustain Rally With N137bn Gain
After netting N2.35 trillion in capital gains in November, Nigerian equities at the weekend closed with net capital gain of N137 billion, sustaining a positive outlook that has seen Nigerian stocks as one of the most globally competitive...
