Nigeria received $8.4bn investment announcement inflows in Q1 2021

investment announcement

Nigeria received $8.4bn investment announcement inflows in Q1 2021   Nigeria received about $8.4b investment announcement inflows in quarter one (Q1) 2021, Executive Secretary of the Nigerian Investment Promotion Commission (NIPC) Yewande Sadiku has said. Sadiku disclosed this during a media briefing with journalists on the highlight of Q1 achievement of the Commission in Abuja. The NIPC boss noted that although investment announcements are not investments, they indicate investors’ interest in Nigeria. “We have been honest that the gap between announcement and actual investment demonstrate potential. We have also said…

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Volatility May Continue On Positioning, Post-Uptrend, Q3 Earnings Profit Booking

Equities market CAP gains 94 billion to reclaim N20trn mark

Investdata Analysts Following the increased buying interest and momentum on the Nigerian Stock Exchange on Monday, the benchmark All-Share index rebounded to its January trading position after seven months of positive sentiments and recovery, driven by an increase in liquidity, and low stock valuations, among others. The rebound was despite the seeming disconnection of the market from economic realities, as funds searched for higher returns and yields. The corporate earnings released so far have been mixed, with a few beating market expectations, even as Stanbic IBTC Holdings became the banking…

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Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Index surpasses 27,000 points Better performance last seen May 5 Zenith emerges investors’ favourite 36 bulls crush 10 bears ______________________________________ Building on its bullish performance from previous sessions, the Nigerian Stock Exchange (NSE) remained positive as the market opened on Monday for another weekly investment adventure. Trading in the domestic equities attained a new height at the end of the session, riding on massive interest in the shares of MTN Nigeria which grew +3.9 per cent, Airtel Africa  with +5.3 per cent appreciation and some other bellwethers that inspired the…

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Monetary policy induced rally turns NSE YtD positive, ahead of q3 earnings

Bulls reclaim NGX trading floor with N148bn weekly profit

Market Update for the Week Ended September 25 and Outlook for Sept 28-Oct 2 By Investdata Analysts Equity prices in the last full trading week of September, which has traditionally been a bearish month, turned positive even as the Nigerian Stock Exchange (NSE) All-Share Index recorded the biggest weekly gain over the past four months. Specifically, the benchmark index sustained this bull transition on an increased momentum, halting two weeks of sideways trending on a high traded volume. The rebound was due to the increased funds inflow from other investment…

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Portfolio Adjustments Likely, As Investors Target Strong Potentials For Q3 Earnings Growth

Twitter Stock

By Investdata Analysts Trading on the Nigerian Stock Exchange (NSE), on Tuesday, gathered more gaining momentum, extending its bull transition for the third consecutive session on a high traded volume and strong buying sentiment that pushed the benchmark All-Share index higher, despite the negative market breadth. The stock seeming recovery or rally by the market is likely to continue after side trending for some weeks, breaking out the recent strong resistance level of 25,618.65 basis points on positive buying interests. This may continue, given the further rates crash due at…

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Equities Rally For 6th day; Gain Another N20bn

Large-cap stocks lift Nigerian stock market by N245bn

Rallies on equities at the Nigerian stock market sustained momentum on Wednesday as the market again advanced by 0.15 per cent to the delight of investors who smiled home with N20 billion gain. The midweek’s trading marked the sixth consecutive session of closing positive by the domestic bourse. As the market gained, its benchmark index, that is, the All-Share Index went up by gaining 38.37 points to close at 25,330.10 basis points while the monetary valuation of the equities market closed higher at N13.215 trillion. The session closed on an…

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Bond yields Rising

FG to auction N150bn bonds in April

By Han Tan News flow has been relatively light this morning with the Dollar slightly bid against most of the G10 and mixed versus Emerging Market currencies. Global equities are also mixed with US stock futures trading flat on the day so far, while Asian and European stocks tread water. The main moves have been in the bond markets and the sell-off in longer-dated bonds, with 10-year US Treasury yields now back above 0.70%, a level last seen a few weeks ago. Is this increase in yields due to greater…

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