Equity market opens on a note, sheds N80bn

October 12, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange yesterday closed on a negative note, shedding N80 billion. Specifically, market capitalization of listed equities declined by 0.38 per cent to N21.215 trillion from N21.295 trillion reported the previous day. The NGX All Share Index also depreciated by 154.36 basis points to 40714.00 from 40868.36 point Reported the previous day. Investors traded Read More

Market capitalisation of Shariah-compliant stocks rises to N11.3trn

September 27, 2021 Blessing Anaro 0

The Total market capitalization of Shariah-compliant stocks in the Nigerian Capital market now stands at over N11.3 trillion. Mr. Ndako Mijindadi, Head, Investment and Research, Lotus Capital Limited, disclosed this in a conversation on “Investing Through Islamic Finance Products and Index”. In a report by Proshare, he observed that the Lotus Islamic Index was created in 2009, and the index Read More

Expert calls for recapitalization of DisCos, unbundling

September 1, 2021 David Agba 0

The Chairman of Basic Metal Fabricated Iron and Steel Products Manufacturers, a sectoral arm of the Manufacturers Association of Nigeria (MAN) Dr. Yusuf Kamoru, has called for the urgent revaluation of the capital base of distribution companies (DisCos) and increase same to achieve meaningful investment in their network. He also called for further unbundling of the current distribution sub-sector to Read More