Rising COVID-19 Cases, Weak Economy Take Toll On Stock Market     The increasing number of coronavirus, (COVID-19) cases and the consequent weakening of the nation’s economy have taken the Year-to-Date, YtD, loss to investors in the Nigerian Stock Exchange to -9.5%. Return on investment represented by the...

‘Over-subscription Of N150bn Sukuk Confirms NSE’S Absorptive Capacity’   Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of the market’s absorptive capacity, urging the Federal Government to float more fixed income securities to finance infrastructure...

Fuel Marketers’ Profits Drop To N3.58bn, Two Suffer N1.57bn Loss     Three of the seven oil marketing firms listed on the Nigerian Stock Exchange posted a total loss of N1.57bn in the three months ended March 31, 2020, while two saw their profits fall by N3.58bn. MRS...

NSE Records N29bn Loss     Trading activities on the floor of the Nigerian Stock Exchange (NSE) fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking. Consequently, the All-Share Index dropped by 53.22 basis points or 0.22 per cent to...

NSE, IFC Launch Nigeria2Equal   The Nigerian Stock Exchange in collaboration with the International Finance Corporation has launched the Nigeria2Equal Programme with an inaugural seminar. The virtual seminar, themed, ‘Gender Implications of COVID-19: Supporting Women as Employees in the New Normal’, highlighted the socioeconomic impact the coronavirus...

'Why Foreign Investors Are Reluctant To Buy Nigerian Stocks’     Financial analysts have linked the dwindling inflow of foreign investments in the Nigeria Stock Exchange (NSE) over the past few months to fears by investors of likely poor yield or returns on such investments. Specifically, they said...