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Freshly released report by the Nigerian Stock Exchange (NSE) on domestic and foreign portfolio participation in equities trading showed that total equities market transactions increased
in March 2021 compared to the volume of
transactions done in February 2021 amid
increased participation by retail investors.
It appears the huge transaction volume done by retail investors were more of sell-offs as depicted by the negative performance of the benchmark index in the month under review.
Also, the decline in transaction volume by the domestic institutional investors and the slower inflows from the foreign portfolio investors contributed
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The Board of Directors of Nigerian Breweries Plc has announced the appointment of Mr Hans Essaadi as the new Managing Director of the company with effect from July 31, 2021. He replaces current MD/CEO, Jordi Borrut Bel, who has completed his assignment in Nigeria and has been appointed as MD/CEO for HEINEKEN South Africa.
In a statement to the Nigerian Exchange Limited, the board expressed its gratitude to Mr Bel, who successfully cemented the company’s position as the market leader in a challenging operating environment, and also steered the company through a turbulent period, caused by the negative impact of the COVID-19 pandemic in Nigeria.
Nigerian Exchange Group Plc has said it is set to launch a campaign to project its new positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world. It said the campaign, themed ‘The Stock Africa Is Made Of’, would kick off
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