Investors Bite

MIDDAY UPDATE: Nigerian Stocks Dips -0.07% on Losses in Banking, Consumer Counters

September 15, 2020/InvestmentOne Update ASI as at 12.00pm: -0.07%. Market movers: UNIONDAC (-7.41%), MANSARD (-2.16%), IKEJAHOTEL (+9.52%), and UAC-PROP (+9.20%). Sector Performances:   Banking (-0.31%), Consumer Goods (-0.11%), Oil & Gas,  and Industrial.                                                                                                                          Market activity: In today’s early trade, total volume and value fell by 31% and 45% respectively, compared to yesterday, as investors have traded about 74million units of shares worth approximately N540million. FBNH (-1.96%) is the […]

Despite COVID-19 pandemic, Africa still a prime investment destination, participants affirm at AfDB webinar for Asian audiences

The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments September 14, 2020/AfDB Participants at a webinar to present the African Development Bank’s (www.AfDB.org) African Economic Outlook Supplement (https://bit.ly/33pjJjy) to Asian audiences on Monday have endorsed the report as critical […]

SEC Nigeria Issues Statement On Digital Assets, Their Classification And Treatment

September 14, 2020/SEC Nigeria INTRODUCTION Digital assets offerings provide alternative investment opportunities for the investing public; it is therefore essential to ensure that these offerings operate in a manner that is consistent with investor protection, the interest of the public, market integrity and transparency. The general objective of regulation is not to hinder technology or […]