The Market Capitalisation of listed equities on the Nigerian Stock Exchanged shed N101bn last week despite a rally by stocks in the last three trading sessions. The market had opened the week negative with the key indices retracting by -0.41 per cent. After falling by N35bn on Monday, the negative […]
Author: InvestAdvocate
Vitafoam commends NSE for market makers
The management of Vitafoam Nigeria Plc has commended the Nigerian Stock Exchange for the ongoing market recovery and introduction of market makers in the capital market. The management of the company, led by its new Managing Director and Chief Executive Officer, Mr. Joel Ajiga, gave the commendation during a visit […]
Naira drops on reduced dollar supply
The naira declined against the United States dollar on the inter-bank market, reaching a two-month low and capping the worst week in 12, as foreign inflows and oil company foreign-exchange sales were said to be limited. The local currency retreated 0.3 per cent to N158.525 a dollar, the lowest closing […]
