Coronavirus, political instability sustain sell-off at NSE
Sell pressure continued at the Nigerian Stock Exchange (NSE), amid negative sentiments fuelled by the rise in Coronavirus pandemic, exacerbated by the political crisis
Market reverses gaining streak, as index slips by 0.16%
Following losses suffered by most blue-chip stocks, the Nigerian equities market reversed gaining streak to close on a downward note yesterday, causing the All-Share Index...
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.
Weak sentiments persist on equities market amid rising cases of COVID-19 crisis
As the COVID-19 crisis continue to take toll on the global and domestic economy with rising new cases of the virus involving prominent government officials...
Investors lose N656 billion over covid-19, oil fears
At the end of yesterday’s transactions, investors' losses at the Nigerian Capital market rose to N656 billion. This is even as the market continues to plunge on COVID-19
Heightening insecurity, Coronavirus scare drag index further by N174 billion
Following massive sell-offs on the shares of most bellwethers, trading at the nation’s stock market extended the losing streak for the eighth successive sessions
Brewers groan, unable to pass excise duty costs to already burdened consumers
With competition from cheaper brands and sachet alcoholic drinks, brewing firms in the country are groaning under the burden of excise duty as they struggle to manage costs that would have hitherto been passed to consumers.
Brewers decry effects of excise duty on operations
ith brewing firms unable to pass on rising costs to consumers, they have called on the Federal Government to review its position on excise duty as operators continue to cave under the pressure of increased duty.
Investors lose 1.7 per cent in five-day bearish trading
The free fall of equities on the Nigerian Stock Exchange (NSE) worsened at the close of transactions last week, as the benchmark All-Share Index (ASI) recorded five consecutive days of losses, breaking down its October 3, 2019, strong support level of 26,789.38 basis points.