Nigeria has a population of 198 million growing at 2.6 percent. But the infrastructure stock does not grow to match this rising population. According to the National Infrastructure Master Plan, Nigeria needs to spend $3 trillion and five percent of GDP annually to bridge the infrastructure gap. From roads to bridges, down to power and […]
The bears resurfaced on the Nigerian Stock Exchange (NSE) on Tuesday following loses recorded by some blue chips. Betaglass dominated the bears with a loss of N8.10 to close lower at N72.90 per share. Presco trailed with a loss of N6.60 to close at N59.55, while Lafarge Africa declined by N3.25 to close at N29.25 […]
Brokers on the floor of Nigerian Stock Exchange in Lagos. Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation further down by N110 billion. At the close of trading yesterday, All-Share Index (NSE-ASI) shed 303.16 absolute points, representing a decline of 0.81 per cent to […]
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