12
Oct
October 12, 2022
| Stock investors gain N117bn in bullish trading – Punch |
| The Nigerian stock market opened the trading week on a positive note as gains in BUA Cement Plc and 11 others caused Investors to earn N117bn on Tuesday. The All Share Index grew by 214.49 absolute points, depicting a gain of 0.45 per cent to close at 47,55.92 points. As a result, investors gained N117bn in value as market capitalisation went up to N25.908tn………..Read More |
GTCO, ETI, Zenith Bank, 9 Others’ Non-Performing Loans Up 3.9% N1.5trn in H1 – Thisday |
| The value of 12 banks Non-Performing Loans (NPL) increased by 3.9 per cent to N1.15trillion as of half year (H1) ended June 30, 2022 from N1.109 trillion reported in 2021 financial year, investigations by THISDAY has revealed. Despite severe macroeconomic challenges, the 12 banks in the period under review granted a whopping sum of N27.31 trillion as net loans and advances to customers, representing an increase of 10.7 per cent from N24.67trillion reported in 2021………..Read More |
Nigerian Capital Market’s 62 Years of Impact – Thisday |
| The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group was founded in 1960 as the Lagos Stock Exchange, on September 15, 1960. Operations began officially on August 25, 1961 with 19 securities listed for trading but informal operations had commenced earlier in June, 1961. As Nigeria celebrates 62 years anniversary, Kayode Tokede writes on how the Exchange has driven Africa’s largest economy, integrated market infrastructure, and its role in wealth creation ……….Read More |
NGX Targets $20bn Tech Sector with Specialised Listing Board – Punch |
| Following its bid to strengthen the diversity of the capital market by redefining it as an attractive destination for technology companies, the Nigerian Exchange Limited (NGX) has said that it is targeting $20billion technology sector with specialised listing board on the bourse……………Read More |
Nigerian Capital Market’s 62 Years of Impact – Punch |
| The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group was founded in 1960 as the Lagos Stock Exchange, on September 15, 1960. Operations began officially on August 25, 1961 with 19 securities listed for trading but informal operations had commenced earlier in June, 1961. As Nigeria celebrates 62 years anniversary, Kayode Tokede writes on how the Exchange has driven Africa’s largest economy, integrated market infrastructure, and its role in wealth creation. …….…..Read More |
IMF lowers Nigeria’s growth projection to 3.2% – Punch |
| The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook for October 2022 titled, “Countering the Cost-of-Living Crisis.” The report also downgraded the economic growth projection for sub-Saharan Africa from 3.8 per cent to 3.6 per cent…….…..Read More |