Nigeria’s Largest Stock Exchange Plans to Adopt Blockchain for Settling Trades

Young Nigerians have made up a large part of crypto trading volume, and they tend to ignore local exchanges, according to Paxful. The largest stock exchange in Nigeria – Nigerian Exchange Ltd. – will reportedly roll out a blockchain-enabled trading…

Nigerian Stocks Lose N238bn After Christmas Holidays

The trade loss was said to be a result of a few buyers willing to purchase stocks of BUA Cement, MTN Nigeria Communications (MTNN), PZ Cussons, May & Baker and Ecobank Transnational Incorporated. Specifically, the All-Share Index inched lower by…

Stock market records N780bn weekly gain

Transactions on the Nigerian stock market finished the last week of 2020 on a positive note as the market capitalisation of equities rose by N780bn. The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated by 3.79 per cent and…

MTN, Vitafoam, 10 others push stock market higher

The nation’s stock market extended its gaining streak on Wednesday to the fifth straight day on the back of price appreciation recorded by MTN Nigeria Communications Plc and 11 other firms. The All Share Index of the Nigerian Stock Exchange…

Stocks fall further, investors lose N365bn in three days

Investors in the nation’s stock market lost a total of N365bn in the last three days of trading in February. The equities market opened the month with a market value of N11.424tn, which rose to N12.200tn on February 15. The…

PERSONAL FINANCE: How to buy, sell shares in stock market

Have you ever wondered how some people are always making money from trading in shares at the Nairobi Securities Exchange (NSE)? The answer to this is probably yes. But while you’d wish to make some of that money yourself, you…

Poll shift hits exchange rate, stock market loses N196 billion

The financial services sector yesterday reacted negatively to the uncertainty in the nation’s political environment as investors priced in the risks of election postponement on the stock market and exchange rate. The development came just as analysts polled by The…