Markets

WAEMU Raises $17bn on Local Market in 2020

Member states of the West African Economic and Monetary Union mobilized a total of CFA9.2163 trillion ($17 billion) on the regional money market last year. This is a record mobilization since 2014, according to data compiled by Ecofin Agency. In total, WAEMU States issued CFA1.6127 trillion worth of securities, both …

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Nigerian Equities Market Gains N325bn

The Nigerian Stock Exchange All-Share Index, on Thursday, appreciated by 1.54 per cent with the market capitalisation of equities appreciated by N325bn to close higher at N21.42trillion from N21.09trillion. The ASI rose by 622.09 basis points or 1.54 per cent to close at 40,963.14 as against 40,341.05 recorded the previous …

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NSE Market Capitalisation Drops by N393bn

Trade activities at the Nigerian Stock Exchange (NSE) closed on a negative note on Tuesday, declining by 1.83 per cent as profit-taking hit the market following investors’ moves to increase capital gains. All-Share Index dropped by 751.25 basis points or 1.83 per cent from 41,147.39bps the previous day to 40,396.14bps …

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Nigeria’s Equity Market Gains N459bn

Trading activities on the floor of the Nigerian Stock Exchange on Monday opened the New Year on a positive note following gains recorded by major blue chip firms. The market performance indices, the NSE ASI and market capitalisation, appreciated by 2.18 per cent as some blue chip stocks recorded price …

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NSE Ranked World’s Best-performing Stock Market

Nigerian Stock Exchange has been ranked the world’s best-performing stock market year-to-date. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent this year, the most among 93 equity indexes tracked by Bloomberg. According to Bloomberg News, investors’ appetite for riskier assets have remained strong …

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NSE Market Capitalisation Hits N20.28tn

Transactions in the equities market, on Wednesday, sustained bullish rally as the Nigerian Stock Market All-Share Index appreciated by 2.40 per cent. The market breadth closed positive with 26 gainers against seven losers. The ASI grew by 910.13 basis points from 37,893.61 index points the previous day to 38.803.74 while …

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NSE Market Capitalisation Hits N19trn as Borders Reopened

The Nigerian Stock Exchange market capitalisation on Friday rallied by N296 billion to cross N19 trillion mark, amid gains by some blue chips. Specifically, the market capitalisation which opened at N18.940 trillion rose by N296 billion or 1.56 per cent to close at N19.236 trillion. Also, the NSE All-Share Index …

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Africa Optimistic of Increased Gas Production in 2021

Although the global energy sector has been adversely affected by the COVID-19 pandemic this year – with oil hardest hit because of its dependence on the struggling transport industry – gas has been less exposed to the shocks of 2020, according to the Africa Energy Outlook 2021. Launched virtually recently …

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