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Investors Lose N98 Billion At Nigerian Stock Exchange

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Nigerian Stock Exchange


The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday continued in a losing streak, dropping by N98 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.354 trillion shed N98 billion or 0.73 per cent to close at N13.256 trillion.

Also, the All Share Index (ASI) dropped 222.36 points, representing a loss of 0.73 per cent to close at 30,099.83, against 30,322.19 recorded on Monday.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; Mobil Nigeria, Dangote Cement, MTN Nigeria, Nigerian Breweries and Dangote Sugar Refinery.

Analysts at Cordros Capital Limited noted that “In the absence of a positive catalyst, we guide investors to trade cautiously in the short term.

“However, stable macroeconomic fundamentals and compelling valuation remain supportive of recovery in the mid-to-long term.”

Sovereign Trust Insurance led the losers’ chart dropping by eight per cent, to close at 23k per share.

Japaul Oil and Maritime Services shed 7.41 per cent to close at 25k, while Dangote Sugar depreciated by 4.35 per cent to close at N11per share.

Mobil Nigeria declined by 3.82 per cent to close at N163.50, while Sterling Bank was down by 3.28 per cent to close at N2.36 per share.

Conversely, Unilever Nigeria recorded the highest gain to leading the gainers’ chart with a gain of 8.22 per cent, to close at N30.95 per share.

Associated Bus Company gained 7.14 per cent to close at 30k, while Jaiz Bank appreciated by 4.35 per cent to close at 48k per share.

Wapic Insurance appreciated by 2.50 per cent to close at 41k, while NEM Insurance went up by 2.44 per cent to close at N2.10 per share.

The total volume traded depreciated by 5.64 per cent with an exchange of 233.45 million shares worth N3.52 billion traded in 3,169 deals.

This was in contrast with 247.39 million shares valued at N3.48 billion in 3,434 deals on Monday.

Transactions in the shares of Wapic Insurance topped the activity chart with 50.3 million shares worth N20.13 million.

Zenith Bank came second with 28.16 million shares worth N566.47 million, while Courteville Business Solutions traded 25.18 million shares valued at N5.04 million.

Access Bank transacted 25.1 million shares worth N157.26 million, while Sterling Bank accounted for 21.09 million shares worth N49.62 million.

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SaharaReporters, New York

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Lil Uzi Vert

US Rapper, Lil Uzi Vert Offers To Help Pay Man’s 32 Million College Fees

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American rapper, Lil Uzi Vert has put an overwhelming smile on the face of a college student by offering to pay his college fees which is worth the sum of $90, 000 (32 million naira).

The rapper who was taking a walk with some of his associates was yelled at by the student who asked if Lil Uzi could help pay his school fees.

Uzi on hearing the boy turned back to have a proper understanding of the man wish. “Can you pay for my college tuition?” the man asked.

Uzi then replied, saying, “How much is your college tuition?” the man responded telling him he’s a student of a university in America and said that his school fees is worth 90,000 dollars.

Uzi then said, “I could pay for that, but this is the thing, though. If i pay for your college tuition are you gonna finish college or are you gonna bullsh*t?”

“Nah, One hundred percent, I don’t bullsh*t. I’ll finish.” Lil Uzi wanted to know what his Instagram name was and the man told him. “Make sure you show me all of your transcripts, everything. Show me all of your papers and everything and you can get $90,000 from me…if you don’t show me, you won’t get $90 grand. You gotta show me proof.”

 

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Lil Uzi just agreed to pay for his $90,000 college tuition. ??? (Submitted by @bigassheel, @zachariahahmad)

A post shared by House of Highlights (@houseofhighlights) on

 

The post US Rapper, Lil Uzi Vert Offers To Help Pay Man’s 32 Million College Fees appeared first on tooXclusive.

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Maria okan

Popular OAP, Maria Okan, Gives Birth To Olamide’s 3rd Child In London

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Popular Nigerian On-Air-Personality and rumoured Ex-Olamide mistress, Maria Okan, has given birth to a bouncing baby girl at an hospital in the United Kingdom.

Prior to her delivery, it was rumoured that she was pregnant for YBNL boss, Olamide and went against the wish of the singer not to keep the baby by running to the UK to nurture the pregnancy until she finally delivered.

It was even rumoured that Olamide gave her the sum of one million naira in order to get rid of the pregnancy, however according to reports, she turned deaf ears.

It now appears the rumoured Olamide pregnancy has now become a baby as she has now delivered.

Meanwhile, throughout the pregnancy rumour, Olamide never said a thing, let’s see if he keeps to that tactic when the news of his alleged new born baby escalates.

 

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I can’t stop crying. Look at what I made! Asaiah Monifé Maria. 16th August 2019, 12:56am. 6.6 lb. Word is born! Thank you God.

A post shared by Maria Okan (@mariaokan) on

The post Popular OAP, Maria Okan, Gives Birth To Olamide’s 3rd Child In London appeared first on tooXclusive.

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Davido news

Davido Reveals He Wants One Of His Fans To Name His Forthcoming Sophomore Album

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Davido has revealed he is absolving himself from any powers to be able to name his forthcoming sophomore album and that he wants a fan of his to be the one to give a name to the highly anticipated album.

The superstar singer who has been putting so much work since the start of the year to create a masterpiece of an album took to his Twitter page just moments ago to make the announcement.

He also revealed that the album is almost completely done as he has just 3 songs left to record.

In his words, he said; “Give me a name for my album… 3 songs left to record!! I want a fan to name my album.”

This move by the superstar has further raised the anticipation level of waiting music fans and they can not wait to experience arguably the most sought after album in 2019.

 

The post Davido Reveals He Wants One Of His Fans To Name His Forthcoming Sophomore Album appeared first on tooXclusive.

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Entertainment

Check Out Zlatan’s N1.2 Million Naira Balenciaga Outfit || See Pictures

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Zlatan spent over 1.2million naira on just one outfit. Absurd right?

Zlatan would not be the first and last Nigerian artiste to flaunt expensive designer wears as the likes of Davido, Wizkid, Tiwa Savage are always clothed in very expensive attires. However, he is the latest to spend an enormous amount on just clothing.

The singer took to his Instagram page to share a picture of his very stylish outfit and also to reveal that a large proportion of his income is spent on clothes. He wrote “I spend money on the things I wear !! ?? ??? .

Looking closely at the picture, one would think he is a Balenciaga ambassador because his entire outfit is a complete set from the fashion brand.

Here is a breakdown of his outfit:

Balenciaga Pouch Strap costs $695 dollars equivalent to N250,200

Balenciaga Track Led Trainers costs $995 equivalent to N358,200

Balenciaga BB0003 Rectangle glasses costs $339 equivalent to N122,040

Balenciaga All Over Logo Normal Fit Shirt costs $595 which is equivalent to N214,200

Balenciaga Pants costs $850 which is equivalent to N306,000

The total amounts to $3,474 which is exactly N1,250,640 

 

 

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I spend money on the things I wear !! ?? ??? ? @22.jumpstr

A post shared by Kapaichumarimarichopaco (@zlatan_ibile) on

 

 

 

 

The post Check Out Zlatan’s N1.2 Million Naira Balenciaga Outfit || See Pictures appeared first on tooXclusive.

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Naira Marley News

Naira Marley Shows Off Newly Acquired Porsche Worth N32 Million Naira

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Controversial artiste, Naira Marley has just acquired a Porsche and the price is ridiculous.

Naira Marley is certainly living La Vida Loca as he has officially joined the Porsche gang. The “Soapy” singer met up with Burna Boy, Zlatan and some other members of his gang to paint the town red in their usual fashion .

The music stars showed off their dope dancing skills on social media which fans always look forward to. However, in of the videos shared by Zlatan Ibile which is currently making rounds on the internet, Naira Marly was seen grinning in front of a Porsche Panamera estimated to be about $91,950 which is approximately 32 million naira.

Naira Marly doesn’t look like he is ready to slow down regardless of his case with the EFCC. It would be of no surprise if he acquires another exotic car.

 

 

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Soapy Crooner, Naira Marley Acquires a 2010 Porsche Panamera Car.

A post shared by Our Talk Room (@ourtalkroom) on

The post Naira Marley Shows Off Newly Acquired Porsche Worth N32 Million Naira appeared first on tooXclusive.

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