Kehinde Akinseinde-Jayeoba

Equities extend rally as NGX hits N129trn despite weak breadth

Nigeria’s equities market sustained its bullish run on Thursday, as the benchmark All-Share Index (ASI) of the Nigerian Exchange Limited edged up marginally by 0.02 per cent to close at 200,957.89 points, pushing the year-to-date return to 29.14 per cent. The modest gain added N20.63 billion to investors’ wealth, lifting total market capitalisation to N129 […]

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Reject privatisation, invest in public water systems, Coalition urges African governments

Civil society groups under the Our Water, Our Right Africa Coalition (OWORAC) on Tuesday demanded that African governments immediately reject water privatisation and public-private partnerships, urging instead a renewed commitment to publicly funded and democratically governed water systems that guarantee access for all. The coalition, speaking at a press conference in Lagos to mark World

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Bears tighten grip as NGX sheds N476bn amid profit-taking

The Nigerian equities market reversed recent gains on Wednesday, as sustained profit-taking in banking heavyweights dragged the benchmark index lower, wiping out billions in investor wealth. Data from the Nigerian Exchange Limited (NGX) showed that the All-Share Index (NGXASI) declined by 37 basis points to close at 200,925.75 points. Consequently, investors lost N476.73 billion in

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SEC, NOA sign MoU to fight Ponzi schemes

In a decisive move to curb the growing menace of fraudulent investment schemes, the Securities and Exchange Commission (SEC) Nigeria and the National Orientation Agency (NOA) have formalised a strategic partnership aimed at protecting Nigerians through widespread public enlightenment campaigns. The collaboration was sealed on Wednesday in Abuja with the signing of a Memorandum of

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