Tag: Investors
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NGX market capitalization surges by N144 billion
Equities investors were all smiles as the Nigerian Exchange Group Limited (NGX) witnessed a surge in market capitalization, soaring by N144 billion during Monday’s trading session. Renewed bargain hunting and profit-taking activities contributed to the positive sentiments among investors as they eagerly await the outcome of the ongoing Monetary Policy Committee meeting of the Central…
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Gov. Oborevwori woos Igbo investors to Delta
Gov. Sheriff Oborevwori of Delta has assured the Igbo business group that the state is safe for all investors. The governor gave the assurance on Tuesday when the Ndigbo Cultural Forum, Asaba chapter
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We are ready for business, prepared to welcome investors to Nigeria-Tinubu tells Afreximbank, EBRD president in Paris
President Bola Tinubu on Thursday in Paris – France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of opportunities in Nigeria. “We are ready for business, prepared to welcome investments,’’…
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Tinubu’s 15 days in office leave investors excited about Nigeria – Bloomberg report
An international news agency headquartered in New York City, Bloomberg Business News revealed that 15 days of President Bola Tinubu, has pulled the right levers for markets.
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Court orders 21 commercial banks not to release N11.9bn to fleeing couple accused of duping investors over N22bn
A Lagos State High Court sitting at the Osborne area in Ikoyi has restrained all commercial banks in the country from releasing funds totalling N11.795 billion to Nigerian couple
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What FG can do to attract more investors to Nigeria – Okonjo-Iweala
For Nigeria to attract more investors, it must cut down on trade and infrastructure costs, Director General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala, has advised. Okonjo-Iweala also suggested a reduction of linkage and regulatory costs as well as Customs duties to encourage investments. She argued that the costs of doing business in Nigeria…
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COVID-19: Defiant Yahaya Bello threatens to sue Buhari’s PTF, NCDC for de-marketing Kogi, scaring away investors
The Kogi State Government has threatened to sue the Nigeria Centre for Disease Control (NCDC) and Presidential Task Force, PTF on COVID-19 for declaring the state high risk COVID-19 state. TheNewsGuru.com, TNG reports that the Presidential Task Force (PTF) on COVID-19 had on Monday declared Kogi a high-risk state for refusing to acknowledge the existence…
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NSE resumes 2021 with N459bn growth, index crosses 41,000 mark
The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full year results and dividiend declaration. Specifically, the All-Share Index inched higher by 876.67 points or 2.18 per cent to close at 41,147.39 from 40,270.72 achieved on…
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Stock Market Loses N277bn as Investors Prepare for Lockdown
Investors at the nation’s stock market lost N277 billion on Monday as some of them in Lagos and Abuja get ready for the total lockdown from Tuesday as announced by President Muhammadu Buhari on Sunday in his nationwide broadcast. The two major cities would be under lock and key for 14 days and if the…
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Stock Market Investors Lose N371bn in 24 hours
The gains posted by the Nigerian Stock Exchange (NSE) on Wednesday were quickly wiped out on Thursday following the decision of investors to take profit. The growth printed by the market at the midweek session was unexpected and the next day, investors took action by selling off in order to re-enter or watch situations from…