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Lagos, April 8, 2021 Trading at the domestic equities market closed positive on Thursday with the market capitalisation increasing by N14 billion due to buying interest in tier 1 banks.
The market capitalisation which opened at N20.286 trillion inched higher by N14 billion or 0.07 per cent to close at N20.300 trillion.
Also, the All-Share Index grew by 25.80 points or 0.07 per cent to close at 38,799.83 from 38,774.03 posted on Wednesday.
Accordingly, month-to-date and year-to-date losses moderated to 0.6 per cent and 3.7 per cent, respectively.
The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are; Okomu Oil, Zenith Bank, Guaranty Trust Bank, Oando and Access Bank.
As a Nigerian interested in investing or making money, names like Aliko Dangote, Femi Otedola, Mike Adenuga, Tony Elumelu, Jim Ovia, Rabiu Abdulsalam etc., come to mind as aspirational role models. These men have all made billions of naira investing in companies listed on the Nigerian Stock Exchange either as founders or strategic investors.
However, there are many other lesser-known investors in companies listed on the Nigerian Stock Exchange who are worth billions (in naira). These investors are seasoned and while they may not always be the founders of the companies they are invested in; they own a significant chunk of the business through strategic investment stakes that earn them billions annually in capital appreciation and dividends.
Resistance against industrial oil palm plantations in West and Central Africa
For many decades, communities in West and Central Africa have been facing industrial oil palm plantations encroaching onto their community land. With the false promise of bringing ‘development’ and jobs, corporations, backed up by the support of the governments, have been granted millions of hectares of land under concessions for industrial oil palm plantations.
The results of this expansion have been disastrous for communities living in and around these industrial plantations and, in particular, for women.
In response, grassroots organisations and community leaders from across the region have been organizing, mobilizing, raising their voices, and networking among each other to stop this destructive and violent occupation of their land. At the heart of these struggles is the community desire to get their lands back. Exchanges with community activists involved in similar struggles helps