The bears have continued to strengthen their hold on the equities sector of the Nigerian Exchange Limited (NGX) as the All-share index dipped
The bears have continued to strengthen their hold on the equities sector of the Nigerian Exchange Limited as the All-share index dipped further by 0.2 per cent, amid losses BUA Cement Plc and 24 others led the local bourse to a southward close with a decline of N372 billion. The All-Share Index lost…The bears have continued to strengthen their hold on the equities sector of the Nigerian Exchange Limited as the All-share index dipped further by 0.
On market outlook, analysts at SCM Capital said: “The Nigerian equity market closed negative at the end of today’s trading. As investors’ appetite continues to wane, we foresee alternating sentiments marked by increased volatility and profit-taking.” Eterna depreciated by 7.37 per cent to close at N17.60 kobo, while Fidson Healthcare was down by 6.78 per cent to close at N13.75 kobo.
IN the face of rising costs, low sales and worsening business confidence, stakeholders are calling for urgent actions to raise the bar of industrialisation, TOBI AWODIPE writes. Business activities in the private sector are off to a poor start in the second half of the year, showing a contraction in key indices. A recent purchasing managers’ index revealed…
Stakeholders have called for the creation of Special Economic Zones , saying they drive industrialisation, anchor economic growth and facilitate trade. Speaking on the sidelines of the just concluded SADC Industrialisation Week and Exhibition, Director of the Economic Commission for Africa Sub-Regional Office, Eunice Kamwendo, highlighted that SEZs are an important policy tool to support…
•Bitcoin falls below $50,00 amid crpto bloodbath The emerging global turmoil manifesting in risky asset sell-off is causing jitters across emerging markets, including Nigeria, where banks are bracing up to raise about N4 trillion in the next two years to increase their minimum paid-up capital. The week opened with a bloodbath across regions and asset…The generation born between 1997 and 2012 has fully come into adulthood with a lot of potential in the workplace.
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