Foreign Portfolio Investments Fall By N178.7bn In Q3         Foreign portfolio transactions in the Nigerian markets declined by N178.66billion to N510.25 billion by third quarter 2020 as foreign investors continued selloff amid concerns over foreign exchange control, illiquidity and other macroeconomic risks. Latest foreign portfolio investment (FPI)...

Nigeria Loses N1.06trn Oil Revenue Target – NNPC         Nigeria’s N2.6 trillion oil revenue target declined by 40 per cent (N1.06) as a result of twin shocks of COVID-19 and low crude oil price, the Nigeria National Petroleum Corporation (NNPC) has disclosed. The Group Managing Director of...

Oil & Gas Firms Raise N400bn From Capital Market - Onyema         Companies in the oil and gas sector have raised over N400 billion across several asset classes using the Nigerian Stock Exchange (NSE) platform in recent years, the chief executive officer (CEO) of the Exchange...

Stock Market Index Loses N1bn As Blue-chip Stocks Decline       Following price losses suffered by some blue-chip companies, transactions on the Nigerian Stock Exchange (NSE) declined marginally yesterday with the all-share index (ASI) depreciating marginally by 0.007 percent. It closed at 28,344.04 as against the 28,344.33...

NCC Celebrates MTN’s N1trn Gains In Capital Market         The Nigerian Communications Commission (NCC) is counting the gains of the listing of MTN in the Nigerian Stocks Exchange (NSE) market, asserting that investors have “raked in approximately N1 trillion in price appreciation and dividends since April...

NSE To Earn N5 On N1m Bond       The Nigerian Stock Exchange (NSE) will from today earn N5 on every N1 million worth of transactions at its fixed-income securities market. Under the new cost structure that takes effect today, the NSE will charge a fee of...