The financial services industry dominated in volume terms at the end of transactions on the equity sector of the Nigerian Stock Exchange (NSE) last week.
Despite price gains outweighing losses, equity transactions on the stock market closed on a downward note yesterday, as major highly capitalised stocks, especially Nigerian Breweries (NB), and International Breweries depreciated in price, causing market capitalisation to slide marginally by N 3billion.
The Deputy Governor of Central Bank of Nigeria (CBN) in charge of Financial System Stability, Joseph Nnanna, has said Nigeria’s external reserves have hit $34bn from $33.6bn attained on October 25. The reserves have been appreciating very fast after hitting $32bn on September 18. Nnanna, who disclosed the latest figure in Lagos during the weekend […]
Following price gains recorded by many blue chip companies, trading on the Nigerian Stock Exchange maintained an upward trend yesterday, as investors’ wealth soared by 3.2 per cent in one month.
