Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]

Nigeria’s Stock Exchange Remains in Bears’ Zone with 0.01% Loss

Nigeria’s Stock Exchange Remains in Bears’ Zone with 0.01% Loss

Nigeria’s Stock Exchange Remains in Bears’ Zone with 0.01% Loss By Dipo Olowookere It was another day in the bears’ territory for Nigeria’s stock exchange on Tuesday as it marginally depreciated by 0.01 per cent at the close of transactions. Mild profit-taking in Zenith Bank, Access Bank, Axa Mansard and 12 other equities contributed to […]

Sell-sentiment on Insurance, Industrial Goods Sectors Drags Stock Market Lower by N51.03bn

Sell-sentiment on Insurance, Industrial Goods Sectors Drags Stock Market Lower by N51.03bn

Darasimi Adebisi The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) […]

Nigeria: As Covid Shut Businesses in 2020, Only Four Nigerian Banks Made More Money Online

Nigeria: As Covid Shut Businesses in 2020, Only Four Nigerian Banks Made More Money Online

Nigerian Banks <i>Nigerians conducted electronic transactions in just four payment categories, summing up to N178 trillion in 2020 alone, a half bigger than the N119 trillion reported the year before.</sub> Most Nigerian banks ironically lost e-business revenue in 2020 after the coronavirus crisis-induced lockdowns pushed more people online, with increased online payments and transfers, with […]