Author Archives: Ruth Omoteso

Latest report published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of 2022, showing a sustained positive growth for six consecutive quarters since the recession witnessed in 2020 when negative growth rates were recorded in quarter two and three of 2020. […]

The Nigerian stock market in the past few weeks has been bullish, except that it closed marginally lower by 0.22% last week, occasioned by profit taking in MTN and Seplat. The positive vibration was triggered by impressive performance in FY 2021, dividend pay-out and Q1 2022 results of listed companies. Based on the quality of earnings released[…]

The Nigerian stock market closed lower last week, occasioned by profit taking in MTN and 41 other stocks. The All Share Index and Market capitalization dropped by 0.22% to settle at 52,979.96 and N28.562 trillion respectively. An aggregate of 3.02 billion units of shares were traded in 29,151 deals, valued at N31.78 billion. The market breadth closed[…]