Nigerian Stocks Fall by 0.53% As Election Concludes Nigerian stocks ended a five-day run, falling fell by 0.53 per cent on Wednesday. While a total of 29 stocks gained, they were not enough to counter the impact of 12 that lost. Among the losers were bank...

Foreign Investment In Nigerian Stocks Drops By N30.91bn       The Nigerian Exchange Limited has said the total inflows of foreign portfolio investments declined by N30.91bn from January to July, compared to the corresponding period in 2020. NGX’s Domestic and Foreign Portfolio Investment Report for July 2021 showed...

Foreign Investment In Nigerian Stocks Drop To N60.11bn     Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to N60.11bn from N65.27bn in the same period of 2020. Foreign investors injected N16.73bn into the stock market in...

‘Monetary Policy Will Determine Share Prices’       The performance of Nigerian stocks in the year will depend on the monetary policy direction of the Central Bank of Nigeria (CBN). In its 2021 outlook entitled: “Nigeria Economic Outlook 2021: A shot at recovery”, United Capital Plc stated that...

Nigerian Stocks Head For Best Annual Run Since 2013       Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent...