Browsing: The Nigerian Stock Exchange

Year-to-date loss worsen as stock market cap drops to N12.8 trillion

Deloitte faults application of IFRS 9 by Nigerian Banks. Many Nigerian banks applied International Financial Reporting Standard 9 impairment provisioning modelling differently, thereby making comparison a tough task, Deloitte Nigeria’s report has revealed.

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.

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.

Experts ask NSE to diversify products, include short selling for price discovery. Some investment experts are asking the Nigerian Stock of Exchange to diversify products and include short selling for enhance price discovery in the market.