Equities trading on the Nigerian Stock Exchange (NSE) resumes the week in negative territory as Nigeria economy slid into recession after printing two consecutive quarters of negative growth rate in the third quarter of the year 2020. Consequently, Month-to-Date and Year-to-Date gains moderated to 11.8 per cent and 27.1 per cent, respectively. The sectoral performance was broadly negative as four closed in red save for the NSE Industrial index which rose by 2.72 per cent. The NSE Banking index led the laggards by 6.78 per cent, followed by NSE Consumer Goods, NSE Oil/Gas and NSE Insurance indices by 2.72 per cent, 1.92 per cent and 0.51 per cent respectively. YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNEWeekly Review: Nigeria’s COVID-19 Infections On The Rise AgainNigeria’s new COVID-19 infections increased again last week, Tribune Online analysis shows.

Source: Nigerian Tribune November 23, 2020 18:00 UTC