On January 19, Olawale Ashafa, an internet technology expert resident in Ogun State, woke up to charge his phone, but saw debit alerts. He said he had received N30,000 in his Guaranty Trust Bank (GTB) account the previous night, and had N29,000 in his account after N1,000 charges was deducted. “As soon as my phone … Read more
[files] Nigerian Stock Exchange (NSE). Photo: THEAFRICAREPORT The local bourse ended the first trading week of 2021 on a bearish note, as losses recorded on the second and last trading days eroded gains from the other trading sessions. The All-Share Index (ASI) and market capitalisation depreciated by 0.37 per cent to close the week at … Read more
NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI Transactions in the shares of AIICO Insurance topped the activity chart with 87.516 million shares valued at N98.958 million. FCMB Group followed with 19.671 million shares worth N60.077 million while Transcorp traded 12.777 million shares valued at N12.608 million. Lafarge Africa traded 9.948 million shares valued at N222.980 million while … Read more
NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI With the rising inflation throwing other investment windows into a negative real return, the Nigerian equity market, last week, witnessed another unprecedented rally that pushed the All-Share Index (ASI) by 7.5 per cent, the highest weekly gain in five weeks. It closed at 36,804.75 points, the highest level obtained since … Read more