CAPITAL MARKET Stock market reopens upbeat as capitalization rises by N60 billion Following gains recorded by most blue-chip stocks, the Nigerian Exchange Limited (NGX) reopened in uptrend yesterday, as market capitalization gained N60 billion. Yesterday, the All-Share Index (ASI) increased by 113.99 absolute points, representing a growth of 0.29 per cent to close at 39,312.74…
DetailsSEC steps in as more Nigerians buy foreign stocks
Capital Market SEC steps in as more Nigerians buy foreign stocks The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency, especially for retail investors. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, was…
DetailsFG to Raise $250m for National Carrier
Capital Market FG to Raise $250m for National Carrier The federal government has said it expects to raise about $250 million from the private sector to float it proposed national carrier, which is now at the stage of procurement phase. This was disclosed by the Ministry of Aviation in a publication titled, ‘Status of the…
DetailsBusiness News Headlines: Foreign Direct Investment declined by $30m in January – CBN
Thursday May 6, 2021 Capital Market Sell-off in Stanbic IBTC, others trigger loss in equities market Sell-off in Stanbic IBTC Holdings and 21 other stocks dragged transactions on the Nigerian Exchange (NGX), extending the bearish trend to close on a downturn yesterday as the all-share index (ASI) depreciated by 0.92 per cent. ASI declined by…
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