Equity trading activities on the Nigerian Stock Exchange closed on a negative note on Tuesday, extending the losses which began last Friday. The NSE’s All-Share Index fell by 0.4 per cent or 10.05 basis points from 21,357.22 basis points on Monday, to 21,347.17 points. The market capitalisation of the listed […]
Author: InvestAdvocate
External reserves drop to $36.93bn
Nigeria’s external reserves have continued to plummet in the last three weeks, dropping by $837m to $36.931bn on June 25, from $37.768bn it stood at June 6, 2012. Latest figures released by the Central Bank of Nigeria showed that the reserves fell by $837m in 19 days. Forex reserves had […]
Global mood, oil fears weigh on Nigeria markets-analysts
* Naira, stocks likely to see little relief soon * Investors exit Nigeria on falling oil prices * Outlook for Naira assets tied to oil price * Weak global growth, Europe’s debt worry investors By Chijioke Ohuocha LAGOS, June 26 (Reuters) – Nigeria’s beleaguered naira, bonds and stock market are […]
