Nigerian stocks reach new heights as key sectors shine
Nigerian stocks continued their upward trajectory for the second trading day of 2024, soaring 2.04% on Wednesday.
This fresh round of gains was fuelled by...
Investors fear Nigeria inflation to get worse; opt for long-term bonds
Investors have eagerly embraced Nigeria's longest-dated debt plan, offering to lend more than the government sought, signalling their confidence in the 18% return despite...
Nigeria falls big on private capital. South Africa, Kenya, Egypt soar
Private capital investment in Nigeria fell significantly in 2022, the same year competing African nations of Kenya, South Africa and Egypt saw huge growth,...
Risevest buys Chaka: Firms speak on how investors will be impacted
Investment company, Risevest, which allows Nigerians invest in local and foreign securities using apps, has acquired its competitor, Chaka, for an undisclosed amount.
The companies...
FTSE Russell downgrades Nigeria prompting stock decline
Nigerian stocks fell Monday after equities market index and benchmark provider FTSE Russell said it downgraded Nigerian equities from “frontier market” to “unclassified market”,...