Tag: Nigeria Stock Market

Equity market loses N92bn as stocks tumbles
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Nigeria’s stock market crosses 90,000 mark

Nigeria’s stock market is now the greatest in the world, according to a strong close on Wednesday that helped it overcome Argentina, which it trailed last week. BusinessDay reported that the Nigerian Exchange Limited All Share Index climbed 2.38 per cent on Wednesday, reaching the 90,000 mark as bulls dominated trading. The market is up 20.45 per […]

Investors profit N355bn as equities market opens positive
Business

Investors profit N355bn as equities market opens positive

Equity market investors made a profit of N355bn as the local stock exchange started trading well on Monday. According to The Punch, market capitalization as well as the All-Share Index, which tracks market activity, both increased by 0.97 percent to N36.865 trillion and 67,101,33 basis points, respectively. The Nigerian Exchange Limited has benefited from listings during […]

10 things to know about capital market investment
Economy

Stock market gains N41bn – Report

By Christian George     The stock market recovered on Wednesday with a N41 billion gain after five uninterrupted sessions of losses.   The overall capitalization rose by N41 billion on investor interests in NASCON Allied Industries and 30 others.   The All-Share Index gained 75.16 points, representing a gain of 0.12 per cent to […]

Nigerian equities market surges with N1.33 trn gain
News

Nigerian equities market surges with N1.33 trn gain

The Nigerian equities market showcased an impressive performance in the past week, with the combined value of listed equities soaring by N1.33 trillion, reflecting a significant 3.89% increase. The market capitalization closed at N35.395 trillion, surging from the previous week’s N34.069 trillion, driven by robust demand for blue-chip stocks and a boost in investor sentiment, […]

Investors hit N2trn as stock market records highest since 2008
Business

Investors hit N2trn as stock market records highest since 2008

Due to favourable reactions to the policy measures of the new administration headed by the president, Bola Ahmed Tinubu, investors made N1.93 trillion in two consecutive trading days, bringing the stock market to its highest level since 2008. According to Vanguard, the outstanding stock market performance began on Monday when investors realized gains of N1.35 trillion as the […]

NNPC, First E&P provide free healthcare in host communities
Business

NNPCL reiterates intention to sell stocks

NNPC Ltd., the Nigerian National Petroleum Company, has reiterated plans to offer its Initial Public Offer to investors very soon. This was stated by the Group Chief Executive Officer of NNPC Ltd., Mele Kyari, on Tuesday in Abuja at the 22nd Nigeria Oil and Gas Energy Conference and Exhibition. The topic of the conference is “Powering Nigeria’s […]

Investors gain N534bn as stock market opens for Q2 23
Business

Investors gain N534bn as stock market opens for Q2 23

Investors won almost N534 billion, on Monday, helping the stocks market on the Nigerian Exchange Limited, start the week off well. According to Vanguard, another stock market indicator, the NGX- All Share Index, or ASI, increased by 1.6% to 61,949.24 points as a result of increased investor interest in MTN Nigeria, which rose to 1.7%, Stanbic IBTC, which […]

Banks dollar sale drops as naira falls to N1,479
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Stock market jumps by 5.5% as forex reforms begin 

The stock market increased by 5.5 percent last week as a result of the federal government’s launch of the Foreign Exchange market reform. Vanguard reported that on Wednesday, June 15, 2023, the government announced steps to liberalize the foreign exchange market. The initiatives included the abolition of all market segmentations and the elimination of numerous […]

Stock market soars after Emefiele's suspension - Report
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Stock market soars after Emefiele’s suspension – Report

The Nigerian stock market reached unprecedented heights on Tuesday, catapulting to its highest level since July 2008. This surge comes on the heels of the suspension of Central Bank Governor, Godwin Emefiele, as investors are placing their bets on a potential currency devaluation. The main index of the Nigerian Exchange soared above 57,437 points, in […]

Equity investors lose N1.5tn as bond yield rises
News

Naira weakens at stock market, drops to N463 – Report

On May 10, the Naira fell against the US dollar, trading at N463.02/$1 in the Investors and Exporters window of the foreign exchange market. According to BusinessPost, data from FMDQ Securities Exchange showed that the local currency suffered a loss of 77 kobo, or 0.17 percent, when it was traded on Tuesday at the spot […]