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SepDown trend persists on NGX, returns -0.44% WtD
Trading on the floor of the Nigerian stock market last week closed bearish again amidst profit taking in 39 equities. The All Share Index and Market capitalization declined by 0.44% to settle at 49,475.42 points and N26.686 trillion respectively. An aggregate of 719.4 million units of shares were traded in […]
19
SepMTN Nigeria launches 5G network
MTN Nigeria Communications Plc commercially launched the fifth-generation technology, commonly called 5G, in Nigeria on Sunday. This is following a pilot launch of 5G by MTN in August, keeping with the Nigerian Communications Commission rollout guideline. In August, the firm announced a pilot launch of 5G and its plan to[…]
16
SepMarket sheds N35bn as NGXASI closes lower by 0.13%
The equity market on Friday closed on a bearish note as the All Share Index depreciated by 0.13% to settle at 49,475.42 points from the previous close of 49,540.48 points. The Market Capitalisation declined by 0.13% to close at N26.686 trillion from the previous close of N26.721 trillion, thereby shedding[…]
16
SepWorld Bank warns of imminent recession
The World Bank Group has warned the Central Bank of Nigeria (CBN), and other central banks across the world on the possibility of global economic recession, following simultaneous hike of interest rates. In a report tilted: Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes, World Bank Group[…]
