The Nigerian Exchange Limited All-Share Index posted the worst gains among African stock markets at -2.53 per cent year-to-date as of September 7, according to African Markets. African Markets is a provider of financial market data, news, analysis, and research with a focus on Africa. Data from the website showed that among 17 stock exchanges […]
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially by Champion Breweries and Eterna Plc, as market capitalisation depreciated by N83 billion. The All-share index slumped by 158.98 points to 39,326.67 from 39,485.65 posted on Friday. Similarly, market capitalisation of […]
In Africa you can meet some of the richest and most successful CEOs. The names you will read below may be familiar. If not this is an opportunity to meet some of the most successful people in Africa. > Aliko Dangote : He is the founder of Dangote Group, born in Kano, Nigeria. He serves […]
The sentiment was relatively bearish on African equity markets this week. Among the 17 markets we cover, ten retreated while seven advanced. The Lusaka Stock Exchange led the pack as Zambian equities gained 3.35%. Conversely, the Nairobi Securities Exchange was the laggard. Kenyan equities dropped 4.13% this week, the most on the continent. West Africa […]
The sentiment was mixed on African equity markets this week. Among the 17 markets we cover, nine advanced while six retreated mildly and two remained flat. The BRVM led the pack as equities in Abidjan gained 3.13%. Conversely, the Johannesburg Stock Exchange was the laggard. South African equities dropped 4.86% this week, the most on […]
From Lagos to Johannesburg to Nairobi to Cairo and other major African markets, African stock markets may soon collapse the walls and open up for a synchronised market that allows everyone to trade and deal across the countries, through a simple push of button. Deputy Group Business Editor, Taofik Salako reports on the ongoing process […]
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Namibian Exchange led the performance charts as equities in Windhoek jumped 4.21%. Conversely, the Dar Es Salaam Stock Exchange, last week’s top performer, was the laggard. Tanzanian equities dropped […]
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Dar es Salaam Stock Exchange led the performance charts as Tanzanian equities jumped 6.56%. Conversely, Mauritian equities dropped 2.13%, the most on the continent. Due to the Eid al-Adha […]
The Nigerian stock market gained N290bn at the end of trading last week as the All-Share Index of the Nigerian Exchange Limited rose by 1.48 per cent to 38,212.01 basis points. The market capitalisation increased to N19.92tn on Friday from N19.63tn the previous week. According to Cordros Research, buying interest in Nestle Nigeria Plc and […]
Nigeria realised a meagre N496 billion from solid minerals in 13 years despite the country’s huge deposits, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said in its latest audit report. The amount is what accrued to the federation as revenue between 2007 when NEITI commenced reconciliation of payments in the solid minerals sector and […]
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