21

Mar

Market returns -0.33% WtD amidst profit taking

The Nigerian Exchange last week closed on a bearish note, occasioned by profit taking in equities. The All share index declined by 0.33% to close the week at 47,282.67 points from the previous close of 47,437.48 points. The Market Capitalisation also dropped by 0.32% week on week, to close at N25.483 trillion from the previous close of […]

Read Article

19

Mar

Market extends decline, closes lower by 0.15%

The Nigerian Stock Market on Friday extended loses to two straight sessions as the All Share Index declined further by 0.15% to close at 27,282.67 points from the previous close of 47.353.22 points on Thursday. Market Capitalisation was down by 0.15% to close at N25.483 trillion against Thursday’s close of N25.521 trillion, shedding N38 billion. The aggregate[…]

Read Article

18

Mar

FG removes subsidy on electricity

The Nigerian Electricity Regulatory Commission has announced that the  Federal Government has removed subsidy on electricity. The Chairman of the Commission, Sanusi Garba, said the review was conducted in line with multi-year tariff order that mandates that electricity tariff be reviewed every six months. NERC’s confirmation comes as the nation continues to confront an energy crisis amid[…]

Read Article