Index records 7.8% loss in Q3 over uncertainties
For the third quarter ended September 30, 2019, performance of many listed firms at the Nigerian Stock Exchange (NSE), continued the depreciated due to uncertainties and absence of clear economic policy direction.
Cashless policy takes off with N284 trillion e-payment deals
Transactions through electronic payment (e-payment) channels that would facilitate the country’s planned cashless policy hit a cumulative value of N284 trillion in the first half...
Stakeholders want humane policy, fund flow for economic development
Although the Central Bank of Nigeria (CBN), on Monday, kept all its monetary policy tools steady, including the benchmark interest rate at 13.5 per cent, the decision to hold the rates may be the beginning of another round of a long wait for policy changes by the apex bank. The Head of Research at…
Nigeria’s GDP dips to two per cent in Q1 2019
The nation’s Gross Domestic Product (GDP) reversed its major leap in fourth quarter of 2018 from 2.39 per cent to 2.01 in the first quarter...
Persistent revenue shortfall counts against Nigeria
Nigeria’s debt profile, expectedly, would notch up by $2.93 billion by the end of this week, with a mix of increased costs, courtesy of the ongoing Eurobond debt offering, which government earmarked for capital projects in the 2018 fiscal plan.
Negative sentiments, socio-economic uncertainties lull capital market buoyancy
In an ideal economy, an efficient and vibrant financial system mobilises savings and allocates them to investments by private entrepreneurs...
Why stock market declined in first quarter, by experts
Capital market experts have linked the unprecedented lull witnessed in the nation’s stock market in the first quarter (Q1) to shift in the demand for equities for fixed income securities by Foreign Portfolio Investors, FPIs.
‘IPOs’ resurgence only option for capital market stability’
Apparently worried by the long wait for the return of Initial Public Offering (IPO) on the stock exchange, investors have stressed the need for government to develop focused...