4 days ago
Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn on the Nigerian Exchange Limited (NGX).
The high cost of issuing long-term domestic debt, which has spurred banks’ increased appetite for external borrowings through Eurobonds, has become a source of worry to stakeholders.
Uncertainty in the global economy coupled with insecurity in the country and other macroeconomic challenges have continued to take a toll on the capital market as investors' wealth depreciated by N213 billion in March.
Nigeria’s foreign reserves continued its downward slope, a trend formed towards the end of last year after it failed to sustain a momentary recovery witnessed in October.
Poor regulation, harsh economy and other perennial challenges bedeviling the capital market have continued to hurt retail investors’ participation in equities 15 years after the global financial meltdown...
In what has become a trend, Naira fell to a record low over-the-counter on the last trading day of 2021, closing at N435/$. This came amid uncertainty about the market outlook as the economy wobbles into a new year.
Worried by the marginal 5.7 per cent growth witnessed in the nation's stock market in 2021, compared to 50.3 per cent rise achieved in 2020, investors have called for the implementation of appropriate legislation that will help tackle insecurity and other macroeconomic challenges challenging the capital market.
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term stability in the foreign exchange market.
11 Oct 2021
Sixty-one years after independence, Nigeria has degenerated to being the poverty capital of the world. Nigeria as a nation has failed to meet the yearnings and aspirations of the people in all areas....
4 Jun 2021
Capital market experts have rated the country’s democratic regime as one that has failed to create a competitive edge for the domestic investment market.
4 May 2021
State governments are in dire strait as make-up funding sources dry up amid tumbling earnings, crippling their ability to repay existing loans and meet essential obligations.
24 Nov 2020
Government, as a matter of policy and action, has been urged to diversify Nigeria’s economic structure away from primary products export and manufactured goods import, as well as deepen the value chain approach to agriculture if it must exit the current recession.