Market Sheds N99bn As Profit-taking Dips Performance   At the close of trading on the Nigerian Stock Exchange (NSE) last week, the domestic equities market performed negatively as investors profit-taking in some blue chip stocks dipped the market’s value by N90.7 billion, resulting in the capitalisation...

NSE Loses N49bn On Profit-taking   Equity transactions on the Nigerian Stock Exchange (NSE) on Monday closed on the negative route to further extend losses as investors continue to take profits from last week’s gains. The market breath closed positive with recorded 14 gainers against 12 losers. Consequently,...

Nigeria’s Foreign Portfolio Deficits Widen By 356% In Q1     Nearly three-quarters of foreign portfolio transactions at the stock market in the first quarter were on the sell side as massive foreign portfolio outflows widened Nigeria’s foreign portfolio investments (FPIs) deficits by 356 per cent to...

NSE Commits N100m To Fight COVID-19 The Nigerian Stock Exchange has committed N100m to the fight against the coronavirus pandemic. According to a statement from the Exchange, N60m out of the sum would be donated to the Capital Market Support Committee for COVID-19, while the balance...

NSE Closes Negative With 1.41% Loss     Transactions on the floor of the Nigerian Stock Exchange (NSE) closed last week on the negative trajectory following profit taking witnessed across major blue-chip firms. Consequently, the NSE All-Share Index and market capitalisation both depreciated by 1.41 per cent to...

In Seven Weeks, Nigerian Capital Market Loses N2.51trn   Since February 28 when Nigeria recorded its first coronavirus case, investors in the capital market have lost about N2.51tn. Certain features of the Nigerian economy make the country to be vulnerable to the impact of the coronavirus pandemic. For...