Transactions at the Nigerian Stock Exchange (NSE), yesterday remained on a downward trend due to profit taking.
The lead indicator, NSE-ASI shed 49.55 absolute points or 0.18 per cent to closed at 27,707.12 points. Similarly, the market capitalization shed N17 billion to close at N9.518 trillion.
The downturn was significantly imparted by value depreciation recorded by the following large capitalised stocks, PZ Industry, International Breweries, Nigerian Breweries, Dangote Cement, Guaranty Trust Bank and Glaxosmith.
Stock market analysts have said as economic indicators point […]
Following the directive by Governor Akinwunmi Ambode of Lagos on the enforcement of Law against hawking in the state, most streets and highways at the weekend appeared deserted by traders for fear of being arrested.
Already, the Lagos State Taskforce on Environment and Special Offences, has vowed to commence a total enforcement on street trading across the state as directed by the governor today.
Ambode at the weekend, directed law enforcement agencies to commence a total enforcement against street trading and street […]
The Lagos State Governor, Akinwunmi Ambode, on Wednesday directed the Task Force on Environmental Sanitation and Other Special Offences to carry out full enforcement of the law restricting street trading in the metropolis.
The news was announced in a statement signed by Secretary to the State Government, Tunji Bello. An excerpt of the statement reads:
At the State Security Council Meeting on July 7, it was resolved that the act of street trading that has continued to hamper free flow of traffic […]