Nigeria equity

Nigeria: Four Disquieting Subjects in the Market… Calls for Concerns?

Posted on by The Editorial Team
Nigeria: Four Disquieting Subjects in the Market… Calls for Concerns?

Lagos, Nigeria, Capital Markets in Nigeria — The Nigerian capital market and business community have been hit with a string of “bad news” in last few days, as unimpressive earnings releases – including the monumental loss reported by OANDO Plc – filtered into the market. The sequence of negative press was further amplified by regulatory sanctions on select listed and unlisted companies for alleged regulatory breaches. The actions and reactions that have trailed these events…

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Nigeria Market Watch | May 15th 2015: Nigerian stock market 7bps up today

Posted on by The Editorial Team
Nigeria Market Watch | May 15th 2015: Nigerian stock market 7bps up today

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian stock market advanced further, up 7bps today to close at 34,439.52 points. All share index sustained uptrend on the last three trading days of the week bringing W-o-W return to 0.1%. In the same vein market capitalization advanced N7.9bn to close at N11.7tn. The positive performance on the Nigerian Bourse was largely driven by appreciation in FORTE OIL (+8.5%) and NIGERIAN BREWERIES (+0.8%). Market activity as measured by…

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