What You Should Do When the Stock Market Crashes
Stock markets are often a great place to invest. That’s because they allow you to own a portion of some of the largest companies in a country. But the value of stocks isn’t fixed. If your holding is in a solid company, it’s likely to become more valuable over time, despite short-term dips. But […]
10 Questions to Ask Yourself Before Investing in Shares
Investing in shares can grow your wealth over time and achieve your financial goals. However, before investing in shares be armed with proper education to prevent mistakes. Read more about Finance Nigerians are easily drawn to the promises of high returns on investments and passive incomes. So, most of them look into investments in […]
How to Buy Shares Online in Nigeria
Perhaps you’ve watched the Nigerian Stock Market rally and multiplied the investments of regular people like you. Now you’d like a piece of the action—you want your wealth to grow too, via the rising value of shares. But you don’t know how to buy shares online. How do you surmount this hurdle? Read more […]
How to Make Money from the Stock Market During a Financial Downturn
The experts say economic downturns are the best time to invest in the stock market. But most people outside of broker circles don’t see how this makes sense. You’re probably wondering how this is good advice. The news from the Nigerian Stock Exchange says share values are sagging. Key indices are often in the red. Investors […]
App Of The Week: Yochaa
Yochaa is the first of its kind and a solution for many folks who find it monotonous keeping up with daily news updates on the stock market. The news is typically known to be in complex terms thus making it difficult for investors to understand. Thanks to Yochaa, however, this doesn’t have to be the […]
MTN is Listing its Shares on the Nigerian Stock Exchange
Telecoms giant, MTN, now says it will be listing its shares on the Nigerian Stock Exchange this Thursday. The company broke the news in a press release it put out to the public on Wednesday. The listing means that shares in the Nigerian subsidiary of the South African company will be traded on the floor […]
Nigerian Billionaire, Femi Otedola, Made $398 Million in 3 Months
Billionaire businessman, Femi Otedola, has reportedly made $398 million between March 3 and June 2 following the rise in shares of Forte Oil by 167% within the period. According to Forbes Africa, On March 3, the company’s stock was trading at N88.4 ($0.55), and at the close of trading on June 2nd, its share price […]
FIRS Collects N1.05 Trillion in First Quarter
The Federal Inland Revenue service, FIRS said it collected N1.05 trillion in revenue during the first quarter of 2014. It said the amount exceeded its target for the period by N50.9 billion or 5.06%. This is contained in the quarterly revenue report of the service which was made available to News Agency of […]
Airtel Leapfrogs Glo To Become Nigeria’s Second Largest Mobile Operator
Fresh data released by the Nigerian Communications Commission (NCC) says Airtel experienced a rise from 24,847,567 subscribers last December to 26,194,336 in February this year. This makes Airtel, the second largest network ahead of Globacom which experienced a 6% drop from 25,933,867 subscribers to 24,490,650 subscribers since December. This means Airtel holds 21% of the […]
SEC wins Most Innovative Capital Markets Regulator Award
Nigeria’s Securities and Exchange Commission (SEC) has won the 2013 Africa Index Series Award for the “Most innovative Capital Markets Regulator” the second year in a row. Winning the award back – to – back, is due to several multifaceted reforms over a three-year period, according to the SEC. Factors considered by the judges to […]
Market Update: Rumours Trigger Confusion in the Market
The US dollar started the week on a positive note with strength across the board. However, the market demonstrated a degree of surprise and confusion when rumours began to spread that Federal Reserve Chairman Ben Bernanke might not trim the stimulus in September as expected. On Wednesday, Bernanke confirmed these rumours reiterating his previous statements […]
Market Update: US unemployment Data Key To Forex Market
A degree of stability has hit the market in the wake of the volatility of last week, but this may be short lived with important US unemployment data due out later in the week. There are rumours in the market that, should there be stronger than forecast unemployment data, the Federal Reserve may decide to […]
Arik Air Plans To Go Public
By David Stephen. West Africa’s number one airline by number of fleet, Arik Air, will be going public in a few weeks. This, according to news reports and filings with Akintola Williams Deloitte, is in the process. Arik Air, will be going public as – arguably – the best Airline in Nigeria, with 23 fleets […]