Nigeria’s equities market crossed a historic threshold on Monday as total market capitalisation surged above the N100 trillion mark, driven by strong buying interest in mid- and large-cap stocks at the start of the new trading year. Market capitalisation rose from N99.90 trillion to about N101.5 trillion, adding over N1.6 trillion in a […]
BY TEMITOPE ADEBAYO The Nigerian Exchange maintained its bullish run on Tuesday as investors gained approximately N188 billion, with the All-Share Index rising by 0.27 per cent to close at 111,902.61 points, while market capitalisation hit N70.56 trillion. This positive close pushed the year-to-date return to 8.72 per cent, up from 8.43 per cent in […]
By Tunde Opalana Nigeria is set to tap into the global revenue of between $235 billion to $285 billion from.bees pollination market as stakeholders under the coordination of the Federal Ministry of Livestock Development urge the Federal Government to elevate beekeeping in Nigeria’s agricultural policy. The country has progressively lost not less than $3 billion […]
BY (EDITORIAL) There is no gain saying that the Stock Market is increasingly becoming one of the most viable popular investment channels globally. This is because of its high rate of returns on Investment. The Nigerian Stock Market is no exception as it constitutes an integral part of the global economy to the extent that […]
By Godwin Anyebe The US dollar has already dropped over seven per cent against a basket of major currencies this year. The decline has been unusually rapid and shows no signs of stopping, driven by a combination of slowing U.S. growth, trade tensions, and an expectation that broad layoffs will result in further easing from […]
BY TEMITOPE ADEBAYO The Nigerian stock market yesterday commenced the trading week on a bearish note as losses in Nestle Nigeria Plc and 23 others dragged the overall capitalization lower by N22 billion. The All-Share Index (ASI) lost 33.72 points, representing a loss of 0.03 per cent to close at 104,529.62 points. Also, market capitalisation […]
BY GODWIN ANYEBE As the Federal Open Market Committee (FOMC) convened last week, a key focus will be the Federal Reserve’s Summary of Economic Projections (SEP). These projections will indicate whether the Fed is prepared to substantially downgrade its macroeconomic outlook. While a shift toward rate cuts seems unlikely in the near term, such adjustments […]
BY TEMITOPE ADEBAYO The Nigerian equities market yesterday maintained its downward trajectory as selloffs on Conoil Plc and 31 others dragged the bourse down by N49 billion. The All-Share Index (ASI) lost 77.37 points, representing a decline of 0.07 per cent to close at 106,090.38 points. Also, market capitalisation declined by N49 billion to close […]
An MSCI Inc. gauge for emerging-market stocks ended the session 2.1% higher last week, clocking its best day since September. Eastern European currencies and Brazil’s real saw the sharpest gains in a basket of peers tracked by Bloomberg, while the Mexican peso climbed as the President Donald Trump administration confirmed some levies on Canada and […]
BY MOTOLANI OSENI The Nigerian equities market maintained its bullish momentum for the second week of February, recording a gain of N1.83 trillion amid investor optimism. Despite fluctuations with three days of gains and two days of losses, the market’s overall performance reflected strong investor sentiment. The All-Share Index rose by 2.00 per cent week-on-week […]
BY MOTOLANI OSENI The local stock market yesterday returned back to its upward momentum with a gain of N426 billion on strong investors’ sentiment. The All-Share Index (ASI) gained by 683.65 points, representing a growth of 0.65 per cent to close at 106,574.98 points. Also, market capitalisation rose by N426 billion to close at N66.495 […]
BY MOTOLANI OSENI The Nigerian equities market recorded a N1.95 trillion gain in January 2025, driven by fresh capital inflows and strategic investor positioning. During the month, Access Holdings, Guaranty Trust Holding Company (GTCO), FCMB Holdings, and Lasaco Assurance collectively listed N716.09 billion worth of additional shares on the Nigerian Exchange (NGX), bolstering market liquidity. […]
BY TEMITOPE ADEBAYO The Nigerian stock market closed the week on a bearish note, recording declines in three out of five trading sessions. The All-Share Index (ASI) fell by 2.94 per cent Week-on-Week (W-o-W) to settle at 102,353.68 points, while market capitalisation dropped by N1.45 trillion to close at N62.851 trillion. Sectoral performance was largely […]
…Stock market to sustain bullish momentum this week-Analysts BY MOTOLANI OSENI The Nigerian Exchange (NGX) closed the week on a positive note, with the All-Share Index advancing by 1.80 per cent week-on-week (W-o-W) to 105,451.06 points. This rally saw the market capitalisation increase by N1.14 trillion, finishing at N64.303 trillion. Despite the overall market uptick, […]
BY TEMITOPE ADEBAYO The Nigerian stock market yesterday broke its 13-day winning streak as selloffs in Dangote Sugar Refinery Plc and 60 other stocks wiped off N856 billion from the overall capitalisation. Consequently, the All-Share Index (ASI) declined by 249.42 points, representing a loss of 0.24 per cent to close at 103,398.82 points. Market capitalisation […]
BY TEMITOPE ADEBAYO The Nigerian stock market experienced modest gains, yet investor activity remained subdued as the All-Share Index (ASI) rose by 22 basis points to close at 97,477.80 points. Despite this lift, investor turnover slowed at the close of yesterday’s trading activity, with the total value of trades dropping by 18.91 per cent compared […]
BY TEMITOPE ADEBAYO The equities market of the Nigerian Exchange Limited on Thursday recorded a notable rebound, gaining 37 basis points (bps) to close at 96,924.86 points. This upward trend added N216.83 billion in value to the market, bringing market capitalisation to N58.73 trillion, while pushing the year-to-date (YTD) return to 29.62 per cent. Key […]
BY TEMITOPE ADEBAYO For the fourth consecutive session, the Nigerian equities market maintained its downward trajectory as investors’ wealth declined further by N113.49 billion. Specifically, the market benchmark All-Share Index ((ASI) closed 0.20 per cent lower at 99,805.95 points, while the market capitalization decreased by N113.49 billion, closing at N56.46 trillion. However, statistics from the […]
BY MOTOLANI OSENI Last week, the domestic bourse experienced a decline as three out of the five trading sessions closed lower, resulting in the All-Share Index shedding 0.04 per cent week-on-week (W-o-W) to close at 100,022.03 points. This downturn led to a market capitalisation decrease of N21 billion W-o-W, closing at N56.581 trillion. Despite the […]
By Temitope Adebayo Opening the week, the local equities market yesterday gained N71 billion, recovering some of the prior week losses. The All Share Index (ASI) rose by 125.30 points, representing a gain of 0.13 per cent to close at 99,665.05 points. Accordingly, market capitalisation gained by N71 billion to close at N56.367 trillion. The […]