By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish momentum as the all=share index (ASI) gained 0.18 percent to close at 27,437.25 points. “Today’s proceedings trimmed the Month-to-Date and Year-to-Date losses to 2.04 percent and 4.21 percent respectively,” Cordros daily market update affirmed. At the close […]
Capital Market
Zenith, GTBank, Nigerian Breweries Drives NSE Index up 0.27%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday closed on a bullish note as all-share index (ASI) gained 0.27 percent to close at 27,389.02 points. This is coming on the heels of sustained interest in large cap stocks such as the shares of Nigeria’s top […]
Continuing Slide of the Naira Leading to Higher Prices of Inelastic Commodities
Culled—–Proshare August 12, 2016/FDC The continuing slide of the naira coupled with import restrictions is leading to higher prices of more inelastic commodities such as rice. Nigerians have responded by cutting down on luxuries and switching to cheaper alternatives. The global energy market remains oversupplied as OPEC’s production is still […]
