Cheap assets, lockdown easing, others push NSE's indicators by 4.45%
Cheap stocks prices, gradual easing of the lockdown, and inflow of facilities from the International Monetary Fund (IMF), propelled activities on the equities sector of the Nigerian Stock Exchange...
Stock market reopens upbeat as index rises by 0.30%
Following price gains recorded by most bluechip stocks, the equities market commenced trading for the month of May, in an upbeat, as the All Share Index (ASI) appreciated by 0.30 per cent.
Investors' wealth soars by N352 billion in three trading days
The dominance of the bulls on the equities sector of the Nigerian Stock Exchange (NSE), strengthened by price gains from most blue chip stocks, caused investors' wealth to soar by N352 billion in three trading days.
New platforms drive mobile money adoption as SSA hits 50m accounts
Payments service platforms, including Interswitch, Flutterwave, and MTN Nigeria, were identified among players that drove the adoption of mobile money in sub-Saharan Africa (SSA) in 2019.
Equities record first weekly gain in three weeks
Bargain-hunting across banking sector propelled the stock market to its first weekly gain in three weeks, as investors jostle for undervalued stocks in anticipation of good dividend yield for the earning season.
Selloffs persist as stock investors lose N154b in one day
Following massive selloffs in most bellwethers, the Nigerian equities market yesterday, reopened on a downturn, causing market capitalisation to slump further by N154billion.
Market capitalisation down by further N114billion
Following sustained profit-taking in some bellwethers, the equities market recorded its second decline yesterday, as market capitalisation depreciated further by N114 billion. Precisely, at the close of trading, Wednesday, the All Share Index (ASI) decreased by 220.65 absolute points, representing a dip of 0.75 per cent to close at 29,062.50 points. …
Reprieve for MTN Nigeria over alleged $2bn revenue indebtedness
MTN Nigeria Communications Plc on Friday said its case with the Federal Government over alleged revenue indebtedness of N242.24 billion and $1.28 billion had been withdrawn.