The increase in equity trading activities recorded at the beginning of the week continued on Tuesday, with major indices closing positive. At the close of trading activities the Nigerian Stock Exchange’s All-Share Index rose by 0.3 per cent or 56.18 basis points from 21,183.34 to 21,239.52 points. Similarly, the market […]
Author: InvestAdvocate
Naira strengthens to highest level in three weeks
The naira rose to its highest level in three weeks against the United States dollar on the inter-bank market on Monday, after the Central Bank of Nigeria intervened in the market. Currency traders added that speculation that the Nigerian National Petroleum Corporation planned to sell dollars also helped the naira […]
Bonds oversubscribed as equities tumble
The drop in equities listed on the Nigerian Stock Exchange and the resultant investor apathy has led to oversubscription of the Federal Government of Nigeria bonds since the beginning of this year. Our correspondent gathered on Monday that many domestic investors were becoming weary of the tumbling stocks on the […]
