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Coronavirus: Produce distributors in Lagos run out of stock

<p class="">Some produce distributors in Lagos on Monday ran out of stock as consumers embarked on panic buying of farm produce to feed their households ahead of the Federal Government‘s lockdown of the state.</p> <h1>The News Agency of Nigeria (NAN) reports that President Muhammadu Buhari on Sunday ordered the cessation of all movements in Lagos, […]

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Runtown To Donate N10 Million To Nigerians That Can’t Afford To Stock Up During Market Shutdown

Singer, Runtown has promised to give out 10 million naira to people who cant afford to stock up on survival essentials due to the market shut down. The Lagos state government a few days ago, announced that all markets selling non-essential or live-saving products should close for 7 days effective from Thursday, the 25th of […]

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Yemi Alade To Gift Fans With Thousands Of Naira To Stock Up Towards Market Shutdown

Sensational singer, Yemi Alade has offered to help people short of funds to stock up in these trying times. The recent shut down of some certain markets has caused people to panic. People are short of funds to buy foodstuffs to sustain them for the next 7 days and just like her many colleagues in […]

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Meristem introduces N1 Billion Exchange Traded Funds on the Nigerian Stock Exchange Market

Meristem Wealth Management has launched a N1 Billion Naira offer for subscription on 2 Exchange Traded Funds; Meristem Growth ETF and Meristem Value ETF. The Two (2) Exchange Traded Funds track the NSE-Meristem Growth Index and NSE-Meristem Value Index respectively. These are style indices that provide investors with a wide array of diversified stocks, professionally […]

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Stock markets defy COVID-19, as Nigerian equities rise 0.22%

But analysts advise cautious trading By Nkiruka Nnorom Nigerian Stock Exchange INVESTORS have been advised to tread cautiously in making any investment decision this week despite the positive sentiment that saw a reversal of the bearish trend in the market last week. The Nigerian equities market had defied the impact of the COVID-19 and expectations […]

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Amazon: Jeff Bezos sells stock worth $3.5bn

Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached 1.7 million shares, or US$3.45-billion (R51-billion), according to the latest round of regulatory filings. The stock has ticked higher regardless, gaining 9.6% since 30 January, the day before his sales began. The transactions are part […]

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WWE stock plummet on weaker-than-expected revenue

WWE’s stock price took a steel chair to the head Thursday as the pro-wrestling giant posted revenues and profits that fell short of Wall Street estimates. Shares in the Connecticut-based company which got hammered last week after WWE chairman and CEO Vince McMahon abruptly ousted his co-presidents, George Barrios and Michelle Wilson plunged as much […]

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Stock investors lose N207bn in 2 days

By Nkiruka Nnorom The floor of Stock exchange The equities market went down for two straight days yesterday following losses in some blue chip companies with investors losing N207   billion for the two days running. The market dropped further by N52 billion yesterday after declining by N155 billion on Monday as a result of […]

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Stock market records 200% rise in new listings

By Peter Egwuatu As equities lead N4.5trn new listings in 2019 Stakeholders lament dearth of corporate bond listing STOCK The Nigeria Stock Exchange enjoyed a 200 percent boom in the value of new securities (equities and bonds)  listing,  which shot up to  N4.48 trillion in 2019 from N1.6 trillion in 2018, indicating revival of liquidity in the capital […]

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UK-Africa Summit: Ghana’s President pledges to partner London Stock Exchange for investments, lures Boris Johnson to quote an Akan proverb

<p class="">Ghana’s President, Nana Addo Dankwa Akufo-Addo has said that the country is prepared to partner the London Stock Exchange in revenue and resource mobilisation for investments on the African continent.</p> <p class="">According to him, Africa and for that matter, Ghana is well-endowed with natural resources and therefore, the oil-rich West African nation is fully […]

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Saudi stock market, others  slump  to Qassem Soleimani effect

Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the US’ assassination of Iran’s top general, Qasssem Soleimani triggered a new round of tensions between Washington and Tehran.

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