Latest stories tagged “investors”
The Nigerian stock market experienced a decline of 1.21% last week as investors opted to take profits, despite an increase in trading activity. Financial services stocks were the primary contributors to this downturn, with ten companies leading the decliners, according to Legit.ng.
Investors are optimistic that resilient economic growth, increased spending on artificial intelligence, and stronger corporate earnings will counterbalance challenges such as rising borrowing costs, geopolitical tensions, and high market valuations, according to Moneyweb.
The Nigerian stock market recorded a gain of N3.2 trillion for investors during the week, attributed to renewed interest in sectors such as banking, telecommunications, and oil and gas, according to Premium Times Business.
A Tanzanian billionaire has transferred ownership of East Africa's last independent newsroom to a general who reportedly does not support free press, according to Kenya Insights. Investors expecting to capitalize on growth in African media are instead witnessing the ongoing process of media capture during meetings in Entebbe.
In June, the Nigerian stock market experienced significant losses, with investors losing N13.3 trillion in value on the Nigerian Exchange Limited (NGX), marking the highest monthly loss recorded in the first half of the year. This decline is attributed to profit-taking activities among investors. Additionally, FTSE Russell has delayed Nigeria's Frontier Market status due to concerns regarding the T+1 settlement system, according to Vanguard Business.
Investors and businesses are preparing for the 21st Abuja Trade Fair scheduled for September 2026. The event will focus on themes of resilience, trade, and taxation in light of ongoing economic challenges.
The Securities and Exchange Commission has issued a warning to investors regarding any supposed public offering by Dangote Petroleum Refinery & Petrochemicals FZE, clarifying that it has not received or approved any application for an initial public offering from the company.
Asian stocks showed mixed results on June 24, 2026, following a significant sell-off in major technology stocks across Asia and Wall Street. U.S. stock futures also reflected mixed trading as global investors kept an eye on market developments in Japan and South Korea, which have recently experienced substantial gains.
The Securities and Exchange Commission has issued a warning to investors regarding any supposed public offering by Dangote Petroleum Refinery & Petrochemicals FZE, clarifying that it has not received or approved any application for an initial public offering from the company.