NGX Market Loses N1.9tn as Investors Take Profits
The Nigerian equities market ended its recent rally last week as investors took profits, wiping about N1.9 trillion from the market. The market had enjoyed strong gains the previous week,…
NGX Rebounds as Investors Gain ₦481bn
The Nigerian Exchange (NGX) bounced back on Tuesday as renewed buying interest across insurance, industrial, and consumer goods stocks added ₦481.18 billion to investors’ wealth. The recovery erased Monday’s losses…
NGX Extends Rally as Investor Confidence Grows
The Nigerian stock market continued its upward momentum last week, with the NGX All-Share Index (ASI) rising to 247,357.40 points as investors increased demand for large-cap and fundamentally strong stocks.…
Nigerian Stock Market Losses Hit N2.18 Trillion as Sell-Off Deepens
|By Babatunji Wusu – Nigerian stock market losses climbed to N2.18 trillion on Thursday as investors extended a broad sell-off on the Nigerian Exchange. Market capitalisation fell by 1.41%, dropping…
Investors Lose N4.9tn as NGX Rally Slows
By Babatunji Wusu| The Nigerian stock market suffered a major setback last week as investors lost more than N4.915 trillion amid widespread profit-taking across key sectors of the economy. Data…
NGX Rebounds, Investors Gain N30bn as SEC Raises Capital Requirements
|By Babatunji Wusu The Nigerian Exchange (NGX) reversed losses on Friday, adding N30 billion to investors’ portfolios after the Securities and Exchange Commission (SEC) announced higher minimum capital requirements for…
Fitch Ratings Suspends Monitoring of Dangote Industries Amid Refinancing Challenges
|By Adejumo Adekunle – Fitch Ratings, a global credit rating agency, has halted its assessment of Dangote Industries, citing commercial reasons. This decision follows the agency’s earlier placement of the…
NSE Investors’ Net Worth Drops By N581bn In November
Jennifer Akamanu Investors’ net worth on the Nigerian Stock Exchange dropped by N581bn in November, amid ‘sell pressure’ ahead of the 2019 general elections and Yuletide celebrations. Data obtained from…
