Economy Archives - Page 2 of 19 - Business Journal

The local bourse slightly upturned at the close of trade yesterday following price appreciation in GUARANTY (+2.5%), PRESCO (+9.7%) and NASCON (+9.9%). As a result, the All Share Index (“ASI”) rose 1bp to 30,833.5 points, YTD return stagnated at -1.9% while market capitalisation increased by N1.5bn to N11.6tn. In the same vain, activity level improved as volume and value traded advanced 1360.2%

The African Continental Free Trade Area (AfCFTA) marks a momentous milestone for Africa but preliminary findings of the upcoming 2019 African Regional Integration Index, released at the on-going Conference of Ministers in Morocco on Saturday, indicate that regional integration in Africa remains low. The Index, known as ARII, was set up to monitor and evaluate

This week, Afrinvest Research says it is turning its attention to the on-going business environment reforms started by the President Buhari administration in 2016. The Presidential Enabling Business Environment Council (PEBEC) is the institution tasked with the reforms that make it easier to do business in Nigeria. The improvements are expected to come in the

In commemoration of the International Women’s Day (IWD) the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has called on parents to educate the girl child to enable them stand the opportunity to compete with their male counterparts in the financial services industry and other fields of employment hitherto

President Buhari Following the outcome of the Presidential Election, which returned President Muhammadu Buhari to Aso Rock, BudgIT calls on the Buhari government to assign a higher priority to oil and gas sector reforms in the second phase of the administration. Recall that President Buhari rejected last August the Petroleum Industry Governance Bill (PIGB) passed

The local bourse continued its bearish run as the All Share Index (ASI) declined 1.6% to close at 31,721.76 points dragged by sell offs in GUARANTY (-6.9%), NESTLE (-2.0%) and ZENITH (-4.0%). Consequently, the market capitalisation reduced to N11.8tn as investors lost N194.8bn while YTD gain dipped to 0.9%. However, activity level was mixed as volume traded decreased slightly by 9.7% to

The African Legal Support Facility has completed a two-day workshop for African lawyers and government negotiators, aimed at strengthening their capacity to negotiate complex deals involving investments in key economic sectors. The workshop, co-organised with the African Business Law Firms Association (ABFLA) under  the African Legal Support Facility Academy, was held in Accra, Ghana, from

As investors await the results of the 2019 presidential elections, the domestic bourse experienced mild bargain hunting in bellwethers –NIGERIAN BREWERIES (+4.0%), ZENITH (+1.0%) and DANGCEM (+0.1%). This drove the All Share Index (ASI) 57bps higher to 32,700.12 points, YTD gain inched to 4.0% while market capitalisation improved slightly by N68.8bn to settle at N12.2tn. Activity level was however mixed

In yesterday’s trading session, the domestic equities market maintained its bullish performance on the back of sustained buying interest in DANGCEM (+2.3%), NESTLE (+6.0%) and SEPLAT (+6.1%). Consequently, the All Share Index (“ASI”) rose 2.1% to 32,462.3 points while YTD gain improved to 3.2% as market capitalisation increased by N253.7bn to N12.1tn. Activity level also improved as volume and value