Tag: Investors

Investors Lose N227.9bn On Nigerian Stock Exchange Market In Three Days

The fortunes of investors on the Nigeria Stock Exchange (NSE), yesterday, declined for the third consecutive day, resulting to N227.9 billion loss in the first three trading days of the year. Meanwhile, the Central Bank of Nigeria (CBN), yesterday, mopped up N172.8 billion excess cash from the banking system through[Read More…]

CBN Forex Guideline: Investors Inject N760bn Into Stock Market In Three Days

The Nigerian Stock Exchange reacted positively to the news of the unveiling of the new foreign exchange guidelines by the CBN last Wednesday as the market capitalisation soared by over N760bn, with investors committing huge sums to acquire more shares. The move by investors to acquire more stocks at this[Read More…]

Investors Say Politics Rather Than Economics Takes Priority In Nigeria – Bloomberg

Bloomberg — History is repeating itself in Nigeria, where the more President Muhammadu Buhari is urged to devalue Nigeria’s naira, the more he is digging in his heels. Investors are beginning to surmise that politics — rather than economics — will determine the currency’s immediate future. Even as growth slows,[Read More…]

Buhari’s Inability To Provide Economic Direction, Investors Lose N1.8tr On NSE In Three Months

President Muhammadu Buhari’s delay to provide a clear economic direction, worsened by the absence of a federal cabinet has cost investors trillions of naira within the first three months of his Presidency. In the 90 days of the current administration so far, analysts agree that the road has been rough,[Read More…]

Buhari’s Delay Unsettles Investors And Damaging Business Confidence In Africa’s Biggest Economy – Financial Times

The Financial Times is reporting when Muhammadu Buhari took office two months ago, hopes were high that the former general would act quickly to drag Nigeria out of the economic crisis he had inherited. But the prolonged search by Nigeria’s new president for his cabinet and the relative silence on plans[Read More…]

Stock Market Investors Lose 1.032trn Due To President Buhari’s Slow Pace Of Governance

Nearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst[Read More…]

Rebasing Of The Nigerian Economy Would Attract More Investors – World Bank

The World Bank Chief Economist, African region, Mr Francisco Ferreira, said the rebasing of Nigerian economy would attract more investors into the country. Ferrira made the remark in an interview with the News Agency of Nigeria in Washington on the sideline of the Spring Meeting of the International Monetary Fund[Read More…]

Nigerian Stock Exchange: Investors Stake N1.8bn On 367m Shares

Investors on Thursday staked N1.82 billion on 367.193 million shares in 4,002 deals on the Nigerian Stock Exchange (NSE), the News Agency of Nigeria (NAN) reports. This was in contrast to the 281.637 million shares worth N3.12 billion traded in 4,506 deals on Wednesday. The All-Share Index, however, depreciated by[Read More…]

NSE Trades 273.137m Shares Worth N3.18b

Investors on the Nigerian Stock Exchange (NSE) on Friday traded 273.137 million shares worth N3.18 billion in 5,065 deals. The News Agency of Nigeria (NAN) reports that this was against the 261.840 million shares valued at N2.71 billion traded in 4,700 deals on Thursday. The All-Share Index appreciated by 7.34[Read More…]

311 Investors Ready To Invest In Nigeria’s Power Sector

NAN Abuja – The Permanent Secretary, Federal Ministry of Power, Mr Godknows Igali, says 311 Investors have so far indicated interest to partner with the ministry to boost electricity supply across the country. Igali made this known when he spoke with State House correspondents after a meeting on the forthcoming[Read More…]