Uncategorized

NSE Market Capitalisation drops by N5 billion

  By Helen Oji FOLLOWING share price losses incurred by major blue chip stocks on the floor of the Nigerian Stock Exchange (NSE), equity transactions recorded a downturn, as market capitalisation dropped marginally by N5 billion. Investors also traded 254.6 million shares worth N2.11 billion in 7,165 deals, down from […]

Global currency trading jumps by 20%

    By Agency Reporter   Currency graph and dealers trading on the currency markets has grown by 20 per cent in three years to $4tn a day, the British Broadcasting Corporation reported on Wednesday. A three-year report into currency dealing shows rapid growth in trading, with the majority of […]

AFDB to increase private sector lending in 2011

  By Agency Reporter     he African Development Bank expects to lend $2.2bn to the private sector in 2011, up from the $2bn forecast for this year, a senior bank official said on Wednesday. According to Reuters, the bank‘s President, Mr. Donald Kabernka, said earlier this year that he […]