Analysts earlier predicted that banks may hold off on dividend payments as a way of cutting down on costs in view of COVID-19.
Market capitalization dropped to N13.136 trillion as investors lost N16.88 billion.
Nigerian banks, tend to spend more on advertising compared to companies in other sectors of the economy. And this usually influences their financial performances.
From the impact of the oil market to the pressures of the Covid-19 pandemic, the market has been expectedly volatile.
Investment One ranked first out of 22 Pension Fund Administrators, having recorded a 6.16% month on month growth on its Fund II, the highest among other...
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures.
Performance across sectors closed bearish, as three out of the five major sub-indices posted losses.
Nigeria’s stock market capitalization was boosted by N1.2 trillion even as the bourse recorded one of its largest market breaths on a monthly basis
Nigeria’s bourse gained N47.9 billion in second trading day of June over share price appreciation in blue-chip companies.
Many portfolio investors were unable to move their money from the country due to FX limitations. So, they reinvested.