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…
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…
Nigerian Exchange Group (NGX Group) has confirmed the appointment of Ms. Jumoke Olaniyan as its Group Chief Strategy Officer, a move aimed at strengthening executive leadership as the organisation advances its next phase of strategic growth and digital transformation. The Group announced the development on Monday, stating that the appointment would reinforce its drive for…
By Seun Ibiyemi The Nigerian equities market closed on a bearish note on Thursday, declining by 0.41 per cent as investors lost N515 billion in market value, with Zenith Bank Plc emerging as the most traded stock by value. Despite the overall downturn, Zenith Bank stood out in market activity, recording the highest value of…
By Seun Ibiyemi Seplat Energy Plc has reported a 144.2 per cent surge in revenue to $2.73 billion in 2025, up from $1.12 billion recorded in 2024, driven largely by a full-year contribution from its offshore assets. In a statement released on Thursday, the energy company also posted an 86.7 per cent increase in profit…
