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Nigeria: Economic Indicators Remain Worrisome As Recession Looms
February 25, 2016--An analysis of Nigeria's economic indicators has shown that there is a cause to worry even as they point to looming recession.
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Source: AllAfrica.com
Nigeria: Stock Exchange Re-Appoints Onyema
February 24, 2016--The Nigerian Stock Exchange has announced that the council of the NSE has renewed the contract of agreement of its Chief Executive Officer, Oscar N. Onyema for another five years term.
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Source: AllAfrica.com
Rand eyeing R15?$ ahead of budget?
February 23, 2016--The rand has hovered around a new eight-week high as investors slowly return to riskier assets.
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Source: FIN24
Anglo leads resources rally on JSE
February 23, 2016-The past month's strong recovery in resources shares on the JSE, led by Anglo American and its subsidiaries, has continued, pulling the rest of the market higher.
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Source: FIN24
Rand steadies, focus on budget
February 22, 2016--The rand has been little changed against the dollar in early trade as hopes for further interest rates hikes buoyed sentiment.
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Source FIN24
JSE loses ground as rally fizzles out
February 19, 2016--The JSE has retreated further after a reversal in the oil price rally also put an end to the global stock market recovery.
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Source: FIN24
Rand finding its feet after robust run
February 19, 2016--Expect wide ranges, not because of panic but rather because the market must find its feet after the aggressive rand rally, says RMB economist John Cairns.
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Source: FIN24
Nigeria: Investors Trade N1.9 Billion Shares Amidst Continuing Bear Run
February 18, 2016--The performance of the stock market was mixed on Wednesday as the volume of trading rose while the value of trading declined.
Also, the bears that returned after six days of absence consolidated their hold on the market. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index fell by 1.9 per cent, while market capitalisation shed N157.8 billion to close at 24,056.12 and N8.27 trillion.
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Source: allAfrica.com
Budget jitters take their toll on JSE
February 18, 2016--The JSE has given up early gains, bucking the global trend as weak fundamentals weighed on sentiment amid uncertainty over next week's National Budget.
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Source: FIN24
Robust rand recovers 2016 losses ahead of budget
February 18, 2016--The rand has recovered the losses it incurred since the start of the year, after dramatically low oil prices and a rout in the Chinese markets rocked the local economy.
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Source: FIN24
