By Taiye Olayemi Wyoming Capital and Partners has projected a positive outlook for the Nigerian stock market in the coming weeks, with banking stocks expected to drive a fresh market rally. The Chief Executive Officer of the firm, Mr Tajudeen Olayinka, said this in an interview with the News AgencyContinue Reading
By Taiye Olayemi The stock market on Thursday closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement stocks. This is amid reactions to new regulatory guidelines by the Central Bank of Nigeria (CBN) on foreign subsidiaries of banks. Market capitalisation dropped from N155.780Continue Reading
By Taiye Olayemi The equities market gained N26.185 trillion in April, driven by improved crude oil outlook and strong corporate earnings that boosted investor sentiment. Market capitalisation rose from N129.809 trillion at the beginning of the month to N155.994 trillion, representing a 20.17 per cent increase, while the All-Share IndexContinue Reading
By Taiye Olayemi Capital market experts say the restoration of Nigeria’s Frontier Market status by FTSE Russell would boost growth prospects for the country. The experts told the News Agency of Nigeria (NAN) in interviews in Lagos that the development was expected to strengthen investor confidence, enhance liquidity, and attractContinue Reading
