Featured post

Update: DPO Who Allegedly Accused Good Samarit

-
Image
What should have been a moment of gratitude turned into a nightmare — one that has shaken many Nigerians and forced the country to confront a painful question: Is it still safe to do good in Nigeria? In a development that has drawn nationwide attention, the Nigeria Police Force has removed and sanctioned a Divisional Police Officer (DPO) in Delta State who was allegedly involved in accusing a good Samaritan of murder after he tried to save a dying man. The decision follows days of public outrage, emotional testimonies, and intense pressure on social media. For many Nigerians, this case cuts deep — because it could have been anyone . A Simple Act of Kindness According to reports, Tomi Akporoghene Wojuola was going about his day when he encountered a man who suddenly collapsed by the roadside in Asaba . Like many people would, Wojuola paused. He could have walked away. He could have pretended not to see. But he didn’t. Moved by compassion, he reportedly sought medical advice a...
Post a Comment

Nigerian Equity Market Loses ₦308 Billion as Investors React to Market Volatility

-


The Nigerian equity market suffered a major blow this week, with investors losing a staggering ₦308 billion in market value. The loss, which reflects declining investor confidence and negative market sentiment, has once again highlighted the fragile state of Nigeria’s capital market amid ongoing economic uncertainties.

Market analysts attributed the sharp decline to a combination of factors, including profit-taking by investors, concerns over high inflation, and uncertainties surrounding government fiscal policies. The Nigerian Exchange (NGX) All-Share Index recorded a downward trend, with several blue-chip stocks shedding value, especially in the banking, industrial, and oil and gas sectors.

This development comes despite recent efforts by the federal government and the Central Bank of Nigeria (CBN) to stabilize the economy and attract foreign investment. However, persistent challenges such as high-interest rates, exchange rate fluctuations, and poor corporate earnings continue to weigh heavily on investor sentiment.

According to experts, this ₦308 billion drop may only be a warning sign of further losses if proactive measures are not taken. Financial analysts are urging the government to provide clear economic direction and reduce policy inconsistencies, especially around taxation, forex policies, and lending rates.

Market participants are also calling for better regulatory oversight and increased transparency in corporate reporting to restore investor trust. Without these steps, the NGX could experience continued sell-offs, particularly by foreign investors who remain cautious amid Nigeria’s complex investment climate.

Despite the negative outlook, some analysts see this dip as an opportunity for long-term investors to buy undervalued stocks, especially those with strong fundamentals and future growth potential.

In conclusion, while the ₦308 billion market loss is alarming, it also offers a moment of reflection for both regulators and investors. Strengthening the financial ecosystem and rebuilding confidence are crucial to ensuring stability and sustainable growth in Nigeria’s capital market.

Written by Luchiinter – Nigerian Business & Economy Blogger
Visit: Luchiinter.blogger.com

Comments

Post a Comment

Popular posts from this blog

Title: MultiChoice Nigeria Fined ₦766 Million for Data Privacy Violations

-
Image
MultiChoice Nigeria , the popular entertainment and satellite television service provider, has been slammed with a hefty fine of ₦766 million by the Nigeria Data Protection Commission (NDPC) over violations of the country's Data Protection Act . The development marks a major move by Nigerian authorities to uphold data privacy and ensure organizations are held accountable for mishandling personal data. The NDPC’s investigation revealed that MultiChoice was involved in what it described as " intrusive data processing " practices. These included collecting and handling the personal data of both subscribers and non-subscribers without proper consent. Furthermore, the commission found evidence that MultiChoice engaged in cross-border transfers of Nigerian citizens’ data without complying with legal protocols. According to the NDPC, these actions were in violation of Section 37 of the 1999 Nigerian Constitution and the Nigeria Data Protection Act 2023 . The probe, which ...
Read more

“Powering Nigeria’s Future: How Gas Investments Are Cutting Costs and Driving Growth”

-
Image
Nigeria is embarking on a bold journey to transform its energy landscape, and at the heart of this transformation is the Midstream and Downstream Gas Infrastructure Fund (MDGIF) . Established under the Petroleum Industry Act (PIA) of 2021 , the MDGIF is now one of the most ambitious initiatives in Africa’s energy sector, designed to drive investment in gas infrastructure, reduce harmful gas flaring, and make energy more affordable for everyday Nigerians. Over the past year, the MDGIF has moved from a concept on paper to a funding powerhouse, supporting over 16 companies to develop gas-related projects that could reshape how Nigeria produces, transports, and uses energy. With a clear focus on infrastructure development, this initiative promises not only to reduce the country’s dependence on petrol but also to boost economic growth, create jobs, and cut energy costs for millions. A Vision Backed by Investment Gas is increasingly seen as the future of energy in Nigeria. The country h...
Read more

Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

-
Image
Legal troubles are on the horizon for blogger and philanthropist Olufunke Afeh , famously known as Angels Empire . Her forthcoming arraignment at the Federal High Court in Lagos on April 8 has garnered public interest regarding the details of her arrest, extended detention, and eventual release on bail. On February 19, 2025, SaharaReporters brought to light that the police had leveled 11 charges against Afeh, accusing her of various offenses, including cyberstalking and harassment of multiple individuals, notably Mr. Obidi Anthony and his daughters, Nancy Ume and Korra Obidi . The Angels Empire Foundation reported that Afeh was taken into custody on February 6, 2025, in Abuja . She had responded to a deceptive phone call from the Nigerian Police , which involved a false allegation of phone theft.  Once at the police station, Afeh was swiftly detained at the Force Criminal Investigation Department (CID) in Abuja, where she was denied access to legal representation, and her mobil...
Read more