Experts bemoan effects of political instability on stock market
As the country continues to contend with serious political challenges, stock experts have decried the effect on market activities, urging the political gladiators both the ruling and main opposition parties to embrace dialogue and urgently chart a way forward for the economy. Specifically, they argued that the Nigerian capital market should have wriggled out…
How multiple taxes cripple listed companies’ operations
The incidence of multiple taxes, which have crippled operations of many listed firms in Nigeria, has spawned fresh criticisms, as capital market experts at the weekend...
MTN’s planned listing raises new expectations for market
Capital market stakeholders have stated that the listing of MTN Nigeria on the nation’s stock exchange will dilute the concentration of industry composition of the bourse and enhance overall market capitalisation. An international online media, at the weekend announced that the President and Chief Executive Officer (CEO) of MTN Group, Rob Shuter, had confirmed…
Stakeholders want retail investors to advantage of low stock price
Capital market stakeholders have stressed the need for retail investors to leverage on the current low prices of stocks to expand their portfolio and position for post election capital appreciation. The capital market analysts, who spoke with The Guardian, noted that despite the heightening political tension that has instilled apathy and eroded confidence in the…
Operators task government on conducive climate for investment inflow
Worried by the over N4 trillion losses incurred by investors due to macroeconomic challenges accentuated by political uncertainties, capital market operators have urged government to instil credibility into the nation’s electioneering process, to make investment environment more conducive. They argued that this would help sustain the gradual recovery witnessed currently in the stock market, and…
Uncertainty and Nigeria’s foreign reserves
Uncertainty is not a language of investment, rather, an enemy and speculative, says an economist, Uche Nwagbo. But in the last six months...
Investors lose N756 billion in one month
The ongoing volatility in the nation’s stock market, occasioned by continued selloffs and assessed political risks, has spurred an unprecedented lull in the market, as investors count losses worth N756 billion in September.
Capital market operators seek representation on MPC board
Worried by the effect of Monetary Policy Committee (MPC) decisions on the nation’s capital market activities, operators have stressed the need for Central Bank of Nigeria (CBN) to appoint a capital market representative as one of its MPC members.
Tackling perennial obstacles of today’s tax administration
The Managing Director of Highcap Securities Limited, Imafidon Adonri explained that multiple taxation has become a big problem in the capital market.
Experts urge investors to patronise service stocks, reduce forex exposure
The capital market analysts, who spoke with The Guardian in a telephone interview, noted that despite the persistent lull in the nation’s capital market, investors should leverage the current low prices of stocks to expand their portfolio.