Nigeria’s bearish economic sectors

December 26, 2023 Admin III 0

Data from the National Bureau of Statistics (NBS) indicating that 28 sectors of Nigeria’s economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk by N63.49 billion quarter-on-quarter is quite disturbing. The report portends a gloomy picture for an economy that has relapsed into three recessions within fours. According to the NBS data, while real GDP Read More

Equity market opens week in bearish trend, sheds N242bn

September 26, 2023 Amaka Ifeakandu 0

Domestic equity market on Monday opened week bearish, shedding N242 billion as profit taking activities persisted during the day. Market capitalisation of listed equities declined by 0.66 per cent to N36.605 trillion from N36.847 trillion reported on Friday. The NGX All Share Index also depreciated by 441.95 basis points to 66882.64 points from 67324.59 points recorded the previous day. A Read More