Capital market can lead Nigeria out of poverty- Experts 

The government has been urged to make the capital market the fulcrum of its industrialisation agenda and economic development in a bid to urgently lead the country out of poverty. This was part of the resolutions at 3rd annual budget seminar of the SEC with the theme “Budgets, Elections and Capital Markets: Risks and Opportunities […]

Tech boosts Wall Street; Boeing keeps Dow in check

The S&P 500 and Nasdaq on Monday extended last week’s gains, lifted by technology and financial stocks, as investors waited for the Federal Reserve’s policy meeting later this week for further clues on the pace of interest rate hikes. At the central bank’s two-day policy meeting which starts on Tuesday, the Fed is widely expected […]

Stocks slum as ASI dips 0.48%

The Nigerian Stock Exchange (NSE) All Share Index (ASI) plunged by 0.48 percent Thursday, reversing gains recorded in previous session, amid renewed profit-taking activities by investors. Trading activity for the day which closed with 20 losers as against 10 gainers even saw share prices of big caps such as Dangote Cement, Zenith Bank, Guaranty Trust […]

SEC moves to create, amend rules guiding transactions; urges stakeholders on inputs

Nigeria’s Securities and Exchange Commission (SEC) is proposing the introduction and amendment of some rules guiding participation and transaction in the country’s capital market and has called on inputs from stakeholders such as capital market operators, shareholders, dealers, brokers etc. In a notice placed on its official website, the commission said the new rules and […]

Wall Street dips at open after ECB decision

U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate hike until at least 2020 and a new round of cheap loans to boost the euro zone economy. The Dow Jones Industrial Average fell 28.01 points, or 0.11 percent, […]