market
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Featured
Fire destroys 2 shops in Anambra market
An early morning fire, on Sunday, gutted two shops at the Mainline of Mgbuka Obosi market in Idemili North Local Government Area of Anambra. The News Agency of Nigeria (NAN) reports that many other stores and shops in the market were saved by firefighters. The Chief Fire Officer, Anambra Fire Service, Mr Chukwudi Chiketa, confirmed the incident to newsmen in…
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economy
MAN commits to enhancing market penetration for indigenous wire manufacturer
The Manufacturers Association of Nigeria (MAN) says it is committed to enhancing market penetration of wire and cable manufacturing company, Coleman Wires and Cables across Africa. The Director General of MAN, Mr Segun Ajayi-Kadir, disclosed this during a tour at the Coleman Wires and Cable Industries’ factories in Arepo and Sagamu, Ogun State. Ajayi-Kadir expressed satisfaction with the large capacity…
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economy
Stock market rebounds, investors gain N97bn
The Nigerian stock market rebounded with positive momentum on Wednesday, adding N97 billion to investors’ portfolios. Specifically, the market capitalisation of listed equities, which opened at N55.033 trillion, advanced by 0.18 per cent or N97 billion to N55.130 trillion. The All-Share Index also increased by 0.18 per cent or 171 points to settle at 97,098.98, against 96,928.52 recorded on Tuesday.…
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economy
NGX stock market opens 0.03% higherÂ
The Nigerian stock market saw a positive start on Monday, with a gain of N17 billion, bringing the market capitalisation to N56.945 trillion. Specifically, this represents 0.03 per cent increase when compared with N56.928 trillion recorded on Friday. The All-Share Index which opened at 100,539.40, also advanced by 0.03 per cent or 29 points to settle at 100,568.60. Consequently, the…
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Featured
Enugu Govt. begins construction of Int’l Motor Spare Parts Market
The Enugu State Government says it has begun the construction of a new International Motor Spare Parts and Allied Trades Market at 9th Mile, near Enugu, on the Enugu-Onitsha Expressway. The Managing Director, Enugu State Investment Development Authority, Dr Sam Ogbu-Nwobodo, disclosed this during a meeting with the leadership of the Enugu Motor Spare Parts and Allied Trades Association, Coal…
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Featured
Edo Govt. consoles families of victims of Jattu market incident
Edo Government has commiserated with families of victims of the incident at Jattu Market, Etsako West local Government Area of the state. The News Agency of Nigeria (NAN) reports that four people were killed when a tree fell on traders at Jattu market on Monday morning due to a heavy downpour. Chris Nehikhare, State Commissioner for Information and Orientation, in…
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economy
Weekly: Financial industry drives stock market as ASI crosses 100,000 mark
The Financial Services Industry led the activity chart of the Nigerian Exchange Ltd. (NGX), contributing 69.67 per cent and 60.94 per cent in volume and value respectively to the total equity turnover in the just concluded week. Specifically, players in the sector traded 1.847 billion shares valued at N30.455 billion in 21,899 deals. The Conglomerates industry followed with 272.398 million…
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Featured
I lost over N10m to Abuja market fire, trader laments
I lost over N10m to Abuja market fire, trader laments A trader in the Old Karu market in a suburb of the Federal Capital Territory, Abuja has lamented her financial loss over the fire that engulfed the market on Thursday evening. The female trader who spoke to Channels Television in the market on Friday noted that she is feeling pain…
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economy
Weekly Report: Selloffs in blue-chips decline NGX market indices by 0.08%Â
During the week, selloffs in Seplat, Fidelity Bank, Transnational Corporation, among 34 other declined equities drove the Nigerian Exchange Ltd.(NGX) broader index down by 0.08 per cent week-on-week. Notably, the NGX All-Share Index and market Capitalisation depreciated by 0.08 per cent to close the week at 99,221.14 and N56.128 trillion respectively, as against 99,300.38 and N56.172 trillion respectively posted last week.…
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economy
Naira depreciates by 0.16% against dollar at official market
The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50. This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading …
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economy
Jigawa LG sets up grain market to boost revenue generation
The Kirikasamma Local Government Council of Jigawa has established a permanent grain market to boost its revenue drive. The Information Officer of the council, Alhaji Musa Muhammad, stated this in an interview with the News Agency of Nigeria (NAN), on Thursday in Dutse. He said the market established Sinamu village would ease transportation difficulties, encourage trade in agricultural produce and…
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Featured
Market capitalisation sheds N38bn as investors sell off banking stocks
Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX) stock market capitalisation by 0.07 per cent. Notably, investors lost N38 billion or 0.07 per cent, as the market capitalisation which opened at N56.069 trillion, closed at N56.031 trillion. The  All-Share Index also closed 0.07 per cent or 68 points lower to settle at 99,051.02, compared…
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economy
Naira depreciates by 0.05% against dollar at official market
Naira depreciates by 0.05% against dolThe Naira on Tuesday recorded loss at the official market, trading at N1,476.95 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo. This represents a 0.06 per cent loss when compared to the previous trading date on Monday when it traded at N1,476.12 to…
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Featured
Traders lament as Niger Govt. orders closure of market
Some traders in Niger have decried the closure of the roadside market located in Madalla, along Abuja/Kaduna expressway, as ordered Gov. Umaru Bago. The traders conveyed their displeasure in separate interviews with the News Agency of Nigeria (NAN) on Friday in Madalla. NAN reports that the closure followed reports of frequent accidents alone the road that always led to loss…
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economy
Investor interest in MTN, Transcorp Hotel boosts market by N29bn
Opening the week, renewed investor interests in the stocks of MTN Nigeria and Transcorp Hotel, on Monday, drove the Nigerian Exchange Ltd. (NGX) market capitalisation up by N29 billion gain. Other primary drivers of the overall market’s performance included: Berger Paints, PZ Cussons, Unity Bank, AIICO Insurance, Nigerian Breweries, among others advanced equities. Specifically, the market capitalisation which opened at N55,507 trillion,…
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Africa
Sleepwell launches in GCC’s vibrant E-Commerce market with a better buying & sleeping experience
Dubai, United Arab Emirates — Ordering mattresses online – a trend which became popular at the height of the pandemic lockdown, is now here to stay, according to Sleepwell – a leading Asia-based mattress company, which launched today in GCC. Sleepwell’s entry into the region comes against a backdrop of the region’s burgeoning eCommerce market, which is poised to grow…
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News
Market capitalisation sustains growth with N19bn
The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday improved by N19 billion following gains by some blue chips. Specifically, the market capitalisation which opened at N15.242 trillion rose by N19 billion to close at N15.261 trillion. Also, the NSE All-Share also appreciated to 29,628.84 from 29,591.29, representing a growth of 37.33 points or 0.13 per cent. A…
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