Capital Market

NSE Dip 0.64% on Losses across Broad Sectors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday dipped 0.64 percent following losses recorded across broad sectors. The All Share Index closed at 28,351.28 points, while market capitalisation declined by N62.40 billion to N9.74 trillion. “Today’s decline extended the Month-to-Date and Year-to-Date losses to 2.83 percent […]

South Africa’s Tiger Brands cuts off funds to Nigeria’s DFM

November 16, 2015/Reuters * Tiger Brands also reviewing investment in DFM * DFM shares drop 4.7 pct * Tiger Brands up more than 7 pct (Adds DFM shares, Dangote resigns from DFM board) South African consumer goods maker Tiger Brands has cut off funding to its Nigerian division as part […]

Nigeria’s GDP Grew to 2.84% in Q3 2015-NBS

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) grew by 2.84 percent (year-on-year) in real terms, higher by 0.49 percent from growth recorded in the preceding quarter, yet lower by 3.38 percent from growth recorded in the corresponding quarter of 2014, the Nigerian Bureau of Statistics (NBS) said on Tuesday. […]