Investors stake N4.6bn on equities

A total of 511.322 million shares worth N4.634bn were traded on the floor of the Nigerian Stock Exchange on Tuesday in 5,209 deals with major market indicators appreciating marginally. The NSE All-Share Index rose by 0.08 per cent or 32.18 basis points to close at 38,480.07 basis points, as against ... [More]

Stakeholders bemoan low patronage of made-in-Nigeria products

Owing to Nigerians’ ever-growing tastes for foreign products, stakeholders have called on the citizens to emulate peers in other developing economies who would rather prefer products manufactured in their countries than imported ones. “The Japanese, the Chinese get to the market and ask ... [More]

Trends in Nigeria’s furniture market

Furniture-making is often a neglected industry in Nigeria. But not so in many developing and developed nations, where the industry creates huge employment opportunities and foreign exchange earnings. Centre for Industrial Studies says world production of furniture is worth about $350 billion. In Nig... [More]

Insider trading: Ex-BP employee pays $224,000

A former BP employee, who oversaw the cleanup of the oil spill in the Gulf of Mexico in 2010, will pay $224,118 to settle an insider trading charge. The British Broadcasting Corporation reported that Keith Seilhan was accused of selling $1m of shares in BP after receiving information about the sever... [More]

Nigeria may be dethroned as Angola’s oil production set to hit 2 mbpd

Prospects for oil exploration and production are bright in Angola, according to ratings firm Moody’s as a number of deep offshore oil projects are set to come on stream. This will see the Central African nation boosting oil output to 2 million barrels a day by 2015, which may help it eclipse N... [More]

Forex Time engages traders, investors on trading skills

A statement released to BusinessDay by the firm reads; With forex trading rapidly growing in popularity in Nigeria, FXTM believes it has become imperative for it to educate traders that the key to success in forex trading is understanding how the market works and knowing the fundamental principles o... [More]

Tourism companies contribute N32bn to market capitalisation —Onyema

The Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has said listed companies in the tourism sector have contributed N32bn to the market capitalisation of listed equities. Onyema said this at the inuguration of the board and planning committee of the Presidential Summit on Touris... [More]

Investors in cautious trading as profit-taking looms

Amid gradual fading off of full year earnings season, which before now had stimulated buy-activity at the Nigerian bourse, equity investors may have chosen the route of “caution” evidenced in their moderate bargain activities. Cautious mood results from analysts’ expectation of a m... [More]

GDP rebasing/rebenchmarking

Perhaps, it will be apt to describe the joy that greeted the news that Nigeria’s economy is almost twice the previous estimates as that of a hunchback who is healed of his deformity. Yes, he should be happy – at least he can now claim his rightful place BUT “does being taller amoun... [More]

Pension fund assets grow to N4.1trn

Nigeria’s pension fund assets have experienced a steady growth from N2.9 trillion in December 2012, to N4.1 trillion as of January 2014, a development the National Pension Commission (PENCOM) linked to committed implementation of the investment regulations, which has continued to ensure the sa... [More]

Latest News