The Nigerian stock market has recorded a downturn performance, closing lower in three of the five trading sessions last week, as investors reacted to the previous week’s lower-than-expected inflation data, which triggered a selloff in banking stocks. It would be recalled that the National Bureau of Statistics, NBS, in the previous week Thursda...
•Stock market Investors lost N847 billion in the stock market last week due to the negative impact of profit-taking and selloffs on the Nigerian Exchange Limited. Consequently, the NGX market capitalisation, which represents the total value of investment on the Exchange, dropped to N55.131 trillion from N55.978 trillion the previous week, repo...
•Wall Street in New York City New York City was shaken by a small earthquake today with a 4.8 magnitude and an epicenter in neighboring New Jersey State, according to the United States Geological Survey (USGS). There were no initial reports of injuries or damage. In Brooklyn buildings shook, rattling cupboard doors and fixtures, reports [&hell...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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