Aside the regular print media and television stations that provide news, business information and also report general events, there are a lot of specialized firms that provide solely financial, business and economic information and news across various niches in Nigeria and beyond.
The continuous development and improvements witnessed since the beginning of the current year took a breather as market operators took time to take in the deluge of regulations coming from the SEC in the month.
On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange at the end of June 2014.
Half year corporate earnings results from Africa’s top 30 companies show a wide divergence between Kenya and Nigeria, yet both markets have scarcely responded. US$ earnings for the six months to June 2014 of the 12 reporting companies covered are up 2% at US$1.0bn. Nigerian H1 2014 profit performance has been flat whilst Kenya’s is up 10%. Markets have scarcely responded with both the Nigerian and Kenyan markets rising 1%.