‘Naira Depreciation Could Rekindle Foreign Portfolio Investors’ Interests’   Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s...

NSE Designates Inaugural Board To Oversee Post-demutualisation   The council of the Nigerian Stock Exchange (NSE) yesterday appointed the inaugural board that would oversee the affairs of the exchange post-demutualisation, to become Nigerian Exchange Group (NEG) PLC. This follows a successful court-ordered meeting and Extra-ordinary General Meeting...

Fed Govt Plans More Tax Incentives In Capital Market   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the Federal Government will introduce more tax incentives that would enhance investments in the Nigerian capital market. Speaking during a visit to the...

Stock Market Ends 5-day Losing Streak, Gains N24bn   Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive days of losing streak. The market breadth was also positive at the end of trading as 19 gainers emerged...

Stock Market Ends Lower, Records N12bn Loss   Trading on the Nigerian Stock Exchange closed on a negative note on Tuesday following the extension of downtrend to four consecutive trading sessions amid selling pressure on blue chip stocks. Twelve stocks recorded price appreciation at the end of...

NSE Securities Lending Market Valued At N1.07bn   The Nigerian Stock Exchange’s securities lending market has been valued at N1.07bn ($2.96m). The NSE, in its Securities Lending Report of October 2019, had said 20.78 million shares were available for lending to investors. It stated that the shares were...