By Seun Ibiyemi The Nigerian stock market began the week on a negative note, as investors lost N276 billion following widespread sell-offs across key equities. Market capitalisation declined by 0.21 per cent to N128.693 trillion, down from N128.969 trillion recorded in the previous trading session. Similarly, the NGX All-Share Index dropped by 428.63 points, or…
By Seun Ibiyemi The Nigerian Exchange Limited (NGX) recorded a significant decline in trading activity for the week, as total transaction value fell by 32.75 per cent, reflecting cautious investor sentiment. A total turnover of 3.950 billion shares valued at N201.312 billion was traded in 359,642 deals during the week, compared to 8.761 billion shares…
By Seun Ibiyemi The Nigerian stock market sustained its positive momentum on Thursday, recording a marginal gain of N20 billion amid continued investor interest in select equities. Market capitalisation rose from N128.977 trillion to N128.997 trillion, representing a 0.02 per cent increase, while the All-Share Index advanced by 32.14 points to close at 200,957.89. The…
Nigerian Exchange Group has partnered with the Federal Ministry of Women Affairs and Social Development to deepen women’s economic empowerment and promote gender inclusion in Nigeria’s capital market. The collaboration came to the fore during a strategic visit by the Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, to NGX Group in Lagos on…
By Seun Ibiyemi The Nigerian equities market began the trading week on a bearish note on Monday, shedding N1.375 trillion in market capitalisation amid widespread profit-taking by investors. At the close of trading, market capitalisation declined by 1.07 per cent to N127.750 trillion, down from N129.125 trillion recorded at the previous session. Similarly, the All-Share…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have partnered to tackle the growing threat of Ponzi schemes in Nigeria through a new Community Development Service (CDS) programme targeting corps members. The collaboration, sealed through a Memorandum of Understanding (MoU), is aimed at equipping young Nigerians with…
By Seun Ibiyemi The Nigerian Exchange Group (NGX Group) has called for increased investment in Nigeria’s critical infrastructure to unlock economic growth and enhance the country’s global competitiveness. In a statement issued in Lagos, the Group said its Chairman, Umaru Kwairanga, made the call on Thursday at the Nigeria Infrastructure Investment Forum in London. Kwairanga,…
By Seun Ibiyemi The Nigerian Exchange Ltd. (NGX) closed the week on a positive note as the All-Share Index (ASI) rose by 1.39 per cent to 201,156.86 points, while market capitalisation increased to N129.126 trillion from N127.361 trillion the previous week. Despite only three trading sessions following public holidays for the Eid-el-Fitr celebration, investors recorded…
By Seun Ibiyemi Nigeria’s capital market is gaining renewed global investor attention, thanks to improved economic policies, ongoing reforms, and strong market performance, according to Temi Popoola, Group Chief Executive Officer of the Nigerian Exchange Group (NGX). Popoola made the comments on Tuesday during a live interview on BBC Newsday in London, coinciding with President…
…Prosecutes suspects to boost investor confidence The Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes across Nigeria, with several suspects currently facing prosecution, as part of intensified efforts to safeguard investors and restore confidence in the capital market. This was disclosed by Bola Ajomale during the opening of the…
