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The Nigerian Stock Exchange All Share Index (NSE ASI) and the market capitalization increased by 0.07%, while the Year-to-Date return stood at negative 4.81%.
Tier 1 banks pull more than 70% of market share
Olam International, a food and agri-business operators is set to acquire full ownership of Dangote Flour Mills Plc (DFM), a flour and pasta manufacturer in Nigeria, for US$ 361 million, amid growing demand for bakery and snack foods in the country.
As a result, the market capitalisation inched to N11.3tn as investors’ wealth increased by N84.4bn. Nevertheless, activity level weakened as…
Food prices rose in Kogi, Plateau and Lagos in the month of March as headline inflation rate declined 60 basis…
Diversifying the government’s revenue base, increasing non-oil revenues, and securing oil revenues, will all be critical, says the IMF in…
If you want to be successful in China’s booming retail market, you have to be flexible in your approach and…
Yes! But not when you are taking expensive loans that would automatically wipe off your returns. If you are managing…
Five consecutive quarters growth fails to rebuild purchasing power
FBNQuest, one of the leading merchant banks, has estimated average Nigerians spending capacity at $50 per month. In its…