Nigeria stocks shed N171bn in week ended March 25

Nigeria’s equities market decreased by N171billion in the trading week ended Friday March 25 due largely to sell-off in banking, consumer goods, and insurance stocks.

Amid bargain hunting in some counters spurred by cheap valuations and continued sell-off in other counters, the review trading week recorded three (3) days of loss sessions as against two (2) days of gains.

The equities market’s benchmark performance indicator – Nigerian Exchange Limited (NGX) –All Share Index (ASI) decreased week-on-week (WoW) by 0.67percent, from week-open high of 47,282.67 points to 46,964.23 points as at Friday.

Nigeria’s largest drug makers profit rises by 76% in 2021 on rising sales

By Oladehinde Oladipo • March 28, 2022

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.