Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Investors’ wealth decline as sell-offs in Bellwethers Drag Index. The Nigerian equity market today shed 0.09% to further extended downtrend to four consecutive trading sessions.
Senate passes N10.594 trn budget for 2020. The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari.
Tellimer’s Hasnain says Pension funds allocation shift to equities to drive rally|The Nigerian equities market has underperformed investors’ expectations year to date, but some analysts are already forecasting renew interests starting from the first quarter of financial year 2020
Earnings miss limit FCMB stock upside potential. Despite the fact that its earnings faltered, analysts at Cardinalstone still wants you to hold FCMB stock in your portfolio, rating given to stock with good fundamental, and upside potential less than 15%.
The Nigerian Stock Exchange (www.nse.com.ng) extends its losing streaks amid sell-offs in the banking stocks at the trading session on Wednesday.
Officials of the Swiss-based company in Frankfurt, said on Wednesday that…
Equities market (www.nse.com.ng) opens the week on a negative note as market index drops.
Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4 basis points (bps) to 26,990.59 points.
The Nigeria’s government generated the sum of N275 billion from sales tax otherwise call value added tax in the third quarter of financial year 2019.
The Nigerian Bureau of Statistics (www.nigeriastats.com) made this known in its Sector Distribution of VAT for 2019 third quarter report in Abuja on Monday.
N5 trillion Debt: AMCON urged To Declare Public Officials On Debtor List Bankrupt- A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun has challenged Asset Management Corporation of Nigeria (AMCON) www.amcon.com.ng and Judges of the Federal High Court of Nigeria (FHC) to leverage the 2019 Amended AMCON Act and declare AMCON obligors who are holding public office bankrupt.
The Central Bank of Nigeria (www.cbn.gov.ng) has injected 323.5 million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.