Foreign Investors’ Transactions on NGX Rises by 156% to N744.34bn Kayode Tokede
Foreign investors’ transactions on the Nigerian Exchange Limited
(NGX) reached a total of N744.34 billion in the first 10 months of 2024, which was an increase by 156 percent Year-on-Year (YoY)
when compared to the N291.38 billion recorded in the first 10 months of 2023. The N744.34 billion foreign
investors’ transactions recorded was another all-time high for the Nigerian bourse. The latest NGX’s “Domestic &
Foreign Portfolio Participation in Equity Trading,” for October 2024, revealed that foreign investors contributed about 16.65 percent
out of the total transactions of N4.47 trillion reported in the 10 Continued on page 5
Textile Revival Hope Dims as Imports Overwhelm Sector...
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Saturday November 23, 2024 Vol 29. No 10821
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Gunvor’s Rotterdam Oil Refinery Halts Operation as Dangote Disrupts European Market...
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S'Court Nullifies National Lottery Act, Says Law Exclusive of State Houses of Assembly Abbas: Lottery contributed over N200bn to Nigeria's GDP in 2023
Alex Enumah and Linus Aleke in Abuja
The Supreme Court yesterday, nullified the National Lottery Act enacted in 2005, for being unconstitutional.
The apex court voided the Act while delivering judgement in a suit filed in 2008 by Lagos and some other states,
challenging the powers of the federal government to regulate the issue of lottery and games of chance across
the country. A seven-member panel of the apex court voided the legislation because
the National Assembly lacked powers Continued on page 5
Tinubu: Hunger, Poverty Will Soon Be Thing of Past in Nigeria See story on page 5
Says livestock development programme will curb Herder-farmers’ clashes Seals $2.5bn deal with Brazilian meatpacker JBS, company to build six factories in Nigeria President says move'll transform tragedy, hopelessness into economic opportunity Edun: Petrol subsidy removal, multiple exchange rates elimination saved Nigeria $20bn
PAYING FINAL RESPECTS...
R-L: First daughter of Akwa Ibom State Governor, Mrs. Helen Obareki; Governor Umo Eno; Deputy Governor, Senator Akon Eyakenyi; her husband, Mr. Etim Eyakenyi; Wife of the Senate President, Mrs. Unoma Akpabio; immediate past First Lady of Akwa Ibom, Mrs. Martha Udom Emmanuel, and former Akwa Ibom Governor, Mr. Udom Emmanuel at the night of worship and tributes for the late First Lady, Mrs. Patience Umo Eno held in Uyo…yesterday
Tears, Griefs in Nnewi as Ifeanyi Ubah is Laid to Rest...
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