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Finance

Profit taking drags Nigerian stock market down by ₦156bn

Profit taking by investors characterised the Nigeria stock market last week, leading to the decline in the major performance indicators. Specifically, the Nigerian Exchange Limited market capitalisation, which represents the value of equities listed on the Exchange, dropped to N128.969 trillion last week from N129.125 trillion the previous week. Similarly, another significant performance indicator – […]

Business featured

Dangote Refinery denies announcing stock market listing plans

Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering for its listing, warning the public against relying on speculative reports circulating across media and social platforms. In a statement issued by its management, the company said it had observed the “recent circulation of unauthorised information across various media […]

Business

Nigeria stock market hits historic 200,000 ASI mark

Nigeria’s stock market achieved a significant milestone on Monday as the Nigerian Exchange Limited All-Share Index crossed the 200,000-point mark. The breakthrough was driven by strong investor demand and broad-based gains across major sectors. The benchmark index climbed 1.55% to close at 201,474.89 points, compared to 198,407.30 points in the previous session. This performance lifted […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
featured Finance

Stock market rises 2.14% amid crude oil price surge

The stock market closed higher Week-on-Week recording gains in four of the five trading sessions, amid rise in crude oil prices. Breakdown of the market shows that investors continued to accumulate fundamentally strong stocks across major sectors. The bargain hunting by market participants took advantage of recent price corrections to rebuild positions in blue-chip and […]

Economy

Stock market gains ₦4.08trn as ASI hits 171,727 points

The Nigerian stock market maintained its upward momentum on a week-on-week basis. Investors recorded gains exceeding N4.08 trillion across five trading days last week. The Nigerian Exchange Limited market capitalisation increased significantly. It rose to N110.234 trillion from N106.153 trillion recorded in the previous week. The NGX All-Share Index also advanced. It climbed 3.8 per […]

featured Investment

Nigerian stock market rebounds as investors gain N30bn

The Nigerian stock market rebounded on Friday, reversing the previous day’s decline as investors gained about N30 billion in portfolio value. The recovery was driven by price appreciation in stocks such as Red Star Express, NCR Nigeria, SCOA, Omatek Ventures and Deep Capital Management, which pushed the market into positive territory. Market data showed that […]

featured Investment

Investors lose N457bn as NGX records first dip

The Nigerian stock market reversed gains from the previous trading session on Thursday, as investors recorded a loss of N457 billion following sustained profit-taking activities. The decline ended a 23-session bullish streak that had driven prices higher across several segments of the market. The downturn was largely attributed to sell-offs in stocks such as McNicholas, […]

Finance

Investors gain N1.5tr as Nigerian stock market rebounds

The Nigerian stock market sustained its upward trend last week with investors gaining over N1.5 trillion. The Nigerian Exchange Limited, NGX closed higher last week, deepening its recovery and reversing the weakness seen in November 2025, as buy interest resurfaced across major blue-chip and mid-tier counters. The bargain hunting in MTN led to a surge […]

Finance

Nigerian stock market ends week with N946bn gain

The equities market closed the week on Friday with a substantial gain of N946 billion. This positive movement was attributed to sustained investor interest in medium and large capitalised stocks. Market capitalisation, a key measure of the market’s value, grew by N946 billion, which represents a one per cent increase. It closed the session at […]

Investors hit N2trn as stock market records highest since 2008
Business

Stock market plummets over proposed 25% capital gains tax

Nigeria’s capital market is in turmoil following fresh concerns over the impending 25 per cent Capital Gains Tax on share disposals, which is set to take effect in January 2026. The current anxiety stems from new clarifications made by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, during an engagement organized […]