Nigerian Stock Market Value Rises by N1.5trn in One Week
- The Nigerian Exchange ended the week with a strong performance as consumer goods, industrial, and insurance stocks drove the market
- During the week market recorded three consecutive days of gains, compared to two negative sessions
- On Friday, Omatek Ventures Plc, Omatek Ventures Plc, Sovereign Trust Insurance Plc led the gainers table
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy,
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Read MoreCrypto kidnappings on the rise as criminals resort to “wrench attacks”
The recent case of an Italian tourist who was kidnapped in New York City and tortured by people allegedly after his cryptocurrency is drawing attention to a rash of crimes dubbed “wrench attacks,” which combine cybertheft with old-fashioned thuggery.
The term stems from an XKCD comic that depicts a “crypto nerd’s imagination”
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Read MoreActive Funds See Surging Inflows But Can They Beat the Market?
Trashing actively managed funds has been one of the biggest trends in financial markets over the past decade. Stacks of evidence proved that blindly buying the whole market delivered better returns than paying an expert to pick the winners, leading to massive inflows into index funds and outflows from their active counterparts.
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Read MoreStocks vs Mutual Funds: What’s the Smarter Bet for Long-Term Wealth?
As India witnesses an unprecedented surge in retail investing—with over 185 million demat accounts and monthly SIP inflows exceeding over ₹20,000 crore—millions of first-time investors are asking a fundamental question: Should I pick my own stocks or let a professional manage my money through mutual funds?
Stocks: High Reward,
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Read MoreLive: ASX set to slip after Trump-Musk feud triggers sell-off on Wall Street
A very public spat between Donald Trump and Elon Musk has sent shockwaves through financial markets, overshadowing trade diplomacy and fuelling a late-session sell-off on Wall Street.
The tech-heavy Nasdaq bore the brunt of the decline, tumbling 0.83%, dragged down by a 14% plunge in Tesla shares after the former US President threatened to axe federal subsidies in retaliation for Musk’s criticism of his flagship tax and spending bill — the so-called “Big,
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Read MoreThe Burst
Alibaba: Crazy Buy or Sell, Sell Sell!
Just a few months ago, shares of Chinese e-commerce giant Alibaba (NYSE:BABA) plunged by 22.7 percent over the course of the month. The company had lost approximately 45 percent of its value over a one year period. These losses contrast sharply with Alibaba’s fundamentals, which are generally quite positive.
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Read MoreThe Ivy
Market Commentary: If I Had To Buy 1 Stock This Would Be It
We were put on the spot recently when a colleague asked “if you had to buy just one stock what would it be?”
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