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Weekly Economic Index: Naira afloat, student loan for Nigerians, and President Ruto's de-dollarization campaign venturesafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from venturesafrica.com Daily Mail and Mail on Sunday newspapers.
Nigeria’s capital market witnessed a rebound on Tuesday with investors gaining N80 billion at the end of trading activities on the floor of the Nigerian Stock Exchange… ....
Goddy Egene Equities investors have an opportunity to enter the market at good valuation as bears depressed prices further last week. The market, which had gained N148 billion the previous week, shed N603 billion last week following sell pressure that dominated all trading sessions. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell 2.93 per cent to close at 38,324.07, while market closed lower at N19.975 trillion. Year-to-date the market has declined by 4.8 per cent. Following the growth recorded two weeks ago, analysts at Cordros Securities had envisaged profit-taking last week. A development that led to the decline in prices of 41 stocks, compared to only 26 stocks that appreciated. And analysts said the lower prices offer investors a good opportunity to enter the market. ....