Tag: Investors

Investment

Niger Delta ready for investors, says NDCCITMA chairman

The Niger Delta is ready to receive local and international investors and has the potential to become one of Africa’s leading investment destinations, the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture has said. The Chairman of the Board of NDCCITMA, Idaere Gogo Ogan, said the region was prepared to move beyond its […]

Finance

Investors lose N1.67trn as 45 stocks decline on NGX

The Nigerian stock market sustained its losses on Wednesday, as the Nigerian Exchange market capitalisation dropped by N1.67 trillion to N157.05 trillion. This is against N158.72 trillion recorded on Tuesday. The drop in market capitalisation, according to market operators, was the result of profit taking by investors, which led to a decline in the prices […]

Investment

Profit-taking erases ₦1.261trn from NGX investors’ portfolios

Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains recorded in recent weeks. Data from the […]

Business

Coronation Infrastructure Fund announces ₦789.78m payout to investors

The Coronation Infrastructure Fund has announced a semi-annual income distribution of N8.985 per unit for the half-year ended June 30, 2026, amounting to approximately N789.78 million payout to the 87.9 million shares outstanding. This is according to a corporate filing with the Nigerian Exchange by the Fund on Thursday, July 16, pursuant to Section 25 […]

Business featured

‘I’m not a billionaire’, Nigerian investor reveals in viral interview

The founder of Aruwa Capital Management, Adesuwa Okunbo Rhodes, has dismissed the notion that she is a billionaire despite revealing insights into the scale of investments she manages, insisting that wealth creation comes through identifying opportunities rather than personal fortune. Rhodes made the clarification during a street interview with James of the popular platform @schoolofhardknocks, […]

Investment

Investors lose ₦782bn as NGX extends losses

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses. The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks. The market capitalisation depreciated by 0.50 per cent to N155.203 trillion […]

Business

Nigerian stocks shed ₦5trn as investors take profit from June 1

Nigerian stocks have lost more than N5 trillion in value since June 1 as profit-taking activities gathered pace on the Nigerian Exchange, following months of strong gains that pushed the market to unprecedented levels. The market capitalisation had surged beyond N160 trillion at the end of May, reflecting the remarkable performance recorded by listed equities […]

Business

Legend Internet assures investors of future prospects despite H1 loss

Legend Internet Plc has reassured investors of stronger earnings prospects in the future despite reporting a pre-tax loss of N199.34 million for the six months ended January 31, 2026, as aggressive investments in network expansion, rising operating expenses and significantly higher financing costs weighed heavily on profitability. The broadband and digital services provider moved from […]

featured Investment

Nigerian stock market gains ₦1.1trn as investors return

The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited showed that the market capitalisation, which represents total value of stocks listed on the Exchange rose to N157.094 trillion […]

Investment

Tinubu woos investors in Paris, pledges fiscal discipline transparency

President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. Vanguard reported that at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar terms in […]