- Young Innovators Shine at NCC Hackathon, Showcase Accessible Technology Solutions
- Ethereum Tops $2.5k, Institutional Investors Entering Positions
- Bitcoin Climbs, Russian Sberbank to Accept BTC as Loan Collateral
- Nigerian Stock Market Indicators Shine as Investors Gain N1.3trn
- XRP Price Edges Higher as Investors Rack Up Spot ETFs
- GCR Upgrades Tangerine Life Insurance Financial Strength Rating to A
- Naira Gains Value as Nigeria’s Foreign Reserves Reach $53.3bn
- Tinubu Orders Forensic Audit of IPPIS, Federal Agencies
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.
The equity segment of the Nigerian Exchange (NGX) recorded a loss of N78 billion Tuesday…
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The Nigerian local currency, the naira, depreciated by about 6% at the Investors and Exporters foreign exchange…
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NGX Rises as Value Hunters Take Positions The equities segment of the Nigerian Exchange, NGX, gained about N8 billion in value as value hunters in the local bourse take positions on growth, and value stock from fundamentally sound and attractive listed companies. Trading data from the local exchange revealed that the year-to-date return widened to 14.77%, though the benchmark declined by a marginal 0.01% week on week to 49,024.16 points. In terms of market return, stockbrokers told MarketForces Africa that market return slowdown from 16.7% in August to about 14.85 at the end of September 2022. The trading pattern looks…
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