Nigerian Equities Market: Investors Lose N2.57trn Amid Rising Global Risks in October Kayode Tokede Investors in stock market of the Nigerian Exchange Limited (NGX) lost an average N2.57 trillion in the October 2022 as escalated global
Investors in stock market of the Nigerian Exchange Limited lost an average N2.57 trillion in the October 2022 as escalated global energy and commodity crises triggered massive portfolio realignments.
The October stock market performance underlined sustained decline in recent months with investors losing an average of 1.63 per cent or N430 billion in September. The market had lost about N28.3 billion in August and suffered its highest loss within the quarter at the onset with a N772 billion loss in July.
“In 2020, CBN embarks on expansionary monetary policies to expand money supplies, and the stock market appreciates massively.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors lose N2.7 trillion as high interest rates, others depress market indices | The Guardian Nigeria News - Nigeria and World NewsRising interest rates and other macro economic challenges have continued to hit hard on the equities sector of the Nigerian Exchange Limited (NGX) as investors lost over N2.7 trillion in the month of October.
Read more »
Strike: ASUU, CONUA kick as government pays lecturers ‘half salaries’ for OctoberThe statement read in part: “On Monday, 31 October 2022 the Academic Staff Union of Universities, Usmanu Danfodiyo University...
Read more »
ASUU: Why we paid half salary in October - FGThe Federal Government has explained the reason for the payment of half salary to lecturers claiming they were paid for the number of days they worked in
Read more »
Fresh Crisis Looms As Nigerian Government Pays University Lecturers Half Salary For October After Eight-month Strike | Sahara ReportersThe President Muhammadu Buhari-led Nigerian government has paid lecturers under the umbrella of the Academic Staff Union of Universities (ASUU) for 18 working days in the month of October. This was confirmed by some lecturers and senior members of ASUU who spoke to PUNCH on Thursday. SaharaReporter earlier reported how ASUU called off its eight-month-old strike on October 14, 2022, where lecturers were encouraged to resume to work by the union on that same day.
Read more »
Another Strike Looms In Nigerian Universities As Lecturers Hold Emergency Meeting Over Payment Of Half Salaries For October After 8-month Strike | Sahara ReportersThere is the likelihood of another industrial action in Nigerian universities as lecturers under the aegis of the Academic Staff Union of Universities (ASUU), are set to hold an emergency meeting following the decision of President Muhammadu Buhari’s administration to pay the lecturers half salaries for October 2022. This was made known by the union’s national president, Prof Emmanuel Osodeke, in an interview with SaharaReporters on Friday morning.
Read more »