Crash in money market instruments triggers N2.3tr gain:
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation since 2018 on continued inflow of funds following persistent crash in money market instruments.
At the close of transactions last month, capitalisation of listed equities, which stood at N15, 931 trillion as at Monday, November 2, 2020 when the market resumed trading for the month of November, increased by N.2. 378 trillion to close at N.18, 309.6 trillion as at November 30, 2020. Read More
Experts hinge economic growth on SMEs survival:
As Nigeria struggles to get out of recession while battling with inflation, experts have stressed the need for the government to support the growth of small and medium scale enterprises (SMEs) as an elixir for growth.
Indeed, they said it is imperative for the government to support SMEs, as failure to do so would lead to massive job losses and increase in poverty and insecurity. Read More
How SMEs can attract huge private equity investment’:
Participants at the Small and Medium Enterprises (SMEs) Finance Series Webinar, organised by the Nigerian Stock Exchange (NSE), in Lagos, weekend, have underscored the need to adopt strategies that would enable operators develop their business models and attract private equity investment.
The stakeholders, who bemoaned the comatose state of the Nigerian SMEs sector, especially with the ongoing COVID-19 crisis, submitted that if nothing was done urgently to revitalise this market segment, the rate of unemployment would worsen in the next few years. Read More
‘We must stimulate economy now to address projected population explosion’:
The Minister of State, Budget and National Planning, Prince Clem Ikanade Agba, has stressed the need for timely stimulation of the economy to address the projected population explosion of over 411 million by 2050.
According to the minister, the process must be that which engenders growth and creates jobs for the increasing population. Read More