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Latest Market News

Searching for a catalyst

Nigerian equities closed lower this week triggered by market concerns regarding banks’ implementation of new CBN policies on margin lending. Also of concern to investors were:
(1) the delayed implementation of the AMCON; and
(2) political risk.
On a positive
note, the market staged a rally in yesterday’s trading as investors
found value in equities at current levels. This rally partly offset
earlier losses and the index closed on 24,175, a 4.1% decline for the
week. In the same vein, volumes and values lost c.18%... Full Story.

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