Nigeria stock market moderates loss, dips by 0.01%

Nigeria’s equities market continued (though on a slighter note) to see stronger sell side pressure, hence the negative (-0.01percent) close on Thursday September 9. Investors booked about N2billion additional loss.

This performance further defies investors expectations that some Tier-1 banking and small-cap names will help lift the market this week.

The market has decreased by 0.15percent week-to-date (WtD) while the negative return year-to-date (YtD) printed slightly higher at -2.66 percent.

Nigerian stocks lag peers as investors worry over economy

By Lolade Akinmurele • September 10, 2021

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.