Stock market index sustains sliding profile, down by 0.6%
Following price losses incurred by most blue-chip stocks, trading on the floor of the Nigerian Stock Exchange (NSE) sustained sliding profile yesterday as the All -Share Index (ASI) further dropped by 0.6 per cent.
Unity Bank, Airtel Africa, others lead stock market’s N100b loss
Trading on the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, following losses suffered by most bluechip stocks, especially Unity Bank and Airtel Africa, as market capitalisation slumped by N100 billion.
Stakeholders worry as investors snub cheap equities
Investors continued snub of equities and subsequent diversion to short-dated money market instruments despite the stock market attractive valuation have become a source of worry to stakeholders, as they task the government to adopt an economic policy that would urgently respond to the macro challenges currently rocking the domestic economy.
Airtel Africa to list shares on nation’s bourse Tuesday
Finally, the Nigerian Stock Exchange (NSE) has announced plans by Airtel Africa to list its 3,758,151,504 ordinary shares on the nation’s bourse Tuesday, July 9, 2019.
Airtel Africa gets $200m cash injection, increases customer base
The African arm of Bharti Airtel, Airtel Africa added 13.8 million new subscribers to the network at the end of last year, increasing from 84.1 million in 2017 to 97.9 million in 2018. This is even as the Indian telecommunications firm, which operates in 14 countries across the region, has secured more external funding as…