By Seun Ibiyemi The Nigerian stock market extended its bullish momentum on Tuesday, with investors gaining N687 billion amid sustained buying interest in key equities. Market capitalisation rose by 0.54 per cent, increasing from N129.329 trillion to N130.026 trillion at the close of trading, reflecting renewed investor confidence. Similarly, the NGX All-Share Index advanced by…
By Seun Ibiyemi Nigeria’s capital market regulators have begun reviewing free-float requirements for companies listed on the Nigerian Exchange (NGX) in a bid to boost market liquidity, deepen equity trading, and attract more investors. The NGX Group confirmed the development on Monday, noting that discussions are ongoing with the Securities and Exchange Commission (SEC) to…
By Seun Ibiyemi Nigeria’s stock market reached a historic high on Monday as the Nigerian Exchange Group (NGX) All-Share Index crossed the 201,000-point threshold for the first time, signaling renewed investor confidence in the country’s equities market. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.30 in the previous…
By Seun Ibiyemi The benchmark index of the Nigerian Exchange Group (NGX) closed the week on a positive note as the All-Share Index (ASI) and market capitalisation advanced by 0.73 per cent, adding N924 billion to investors’ wealth. At the close of trading for the week, the NGX All-Share Index rose to 198,407.30 points, while…
By Seun Ibiyemi The Nigerian stock market rebounded on Thursday after two consecutive sessions of decline, with investors gaining about N648 billion in market value amid renewed buying interest in key equities. Market capitalisation rose from N125.750 trillion to N126.398 trillion, representing a 0.52 per cent increase equivalent to N648 billion. Similarly, the benchmark index…
The Securities and Exchange Commission (SEC) Nigeria has inaugurated a dedicated Regulator–Financial Technology (Fintech) Clinic aimed at strengthening dialogue with Nigeria’s rapidly growing fintech ecosystem. In a notice issued in Abuja on Tuesday, the commission said the initiative is designed to ensure that innovation within the financial technology sector aligns with regulatory compliance while safeguarding…
By Seun Ibiyemi Trading on the Nigerian equities market closed on a bearish note on Tuesday as investors lost N726 billion, reversing the gains recorded in the previous trading session and ending a three-day bullish run. At the close of trading on the Nigerian Exchange Limited (NGX), market capitalisation declined by 0.57 per cent, dropping…
By Seun Ibiyemi The Nigerian Exchange maintained its bullish momentum on Friday, with investors recording a gain of N119 billion, extending the week’s positive trading trend. The rally was driven by price increases in key equities, including Eterna Plc, Premier Paints, Union Dicon Salt Plc, Fortis Global Insurance, and John Holt Plc, alongside gains in…
By Seun Ibiyemi The Nigerian equities market rebounded on Thursday, adding about N220 billion to investors’ portfolios after recovering from a one-day decline. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation rose by 0.18 per cent to close at N126.317 trillion, up from N126.097 trillion recorded in the previous session. Similarly,…
By Seun Ibiyemi Investors on Wednesday lost about N101 billion on the Nigerian stock market as sell-offs in major stocks reversed two consecutive days of gains on the trading floor. The downturn was driven by heavy profit-taking in stocks such as Dangote Sugar Refinery Plc, Jaiz Bank Plc, Chemical and Allied Products Plc, Union Dicon…
