By Taiye Olayemi Highcap Securities Ltd. has attributed the N4.92 trillion stock market loss recorded last week to investor repositioning ahead of the anticipated Dangote Refinery and Petrochemicals Initial Public Offering (IPO). The Vice-President of Highcap Securities, Mr David Adonri, disclosed this in an interview with the News Agency ofContinue Reading
By Taiye Olayemi The Nigerian equities market extended its rally on Monday, lifting market capitalisation above N160 trillion as investors recorded a combined gain of N3.162 trillion. Capitalisation climbed 2.01 per cent, rising from N157.094 trillion on Friday to N160.256 trillion, underscoring sustained demand across the exchange. The All ShareContinue Reading
By Taiye Olayemi The equities market gained N26.185 trillion in April, driven by improved crude oil outlook and strong corporate earnings that boosted investor sentiment. Market capitalisation rose from N129.809 trillion at the beginning of the month to N155.994 trillion, representing a 20.17 per cent increase, while the All-Share IndexContinue Reading
By Taiye Olayemi The Nigerian stock market closed on a bullish note on Wednesday, recording a gain of N5.554 trillion for investors at the end of the trading session. The rally was driven by increased investor interest in high- and mid-cap stocks, including Airtel Africa, Zichis Agro Allied Industries, UACContinue Reading
By Taiye Olayemi Dr Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX Group), says the first trading day following the extension of market hours was smooth, with no operational hitches recorded. The News Agency of Nigeria (NAN) reports that the change in trading hours commenced on Monday, April 27.Continue Reading
By Taiye Olayemi Stockbrokers have commended the extension of trading hours on the Nigerian Exchange Ltd., describing it as a major step toward deepening the capital market and aligning it with global standards. The market operators, who spoke in interviews with the News Agency of Nigeria (NAN), said the developmentContinue Reading
By Taiye Olayemi Capital market experts say the restoration of Nigeria’s Frontier Market status by FTSE Russell would boost growth prospects for the country. The experts told the News Agency of Nigeria (NAN) in interviews in Lagos that the development was expected to strengthen investor confidence, enhance liquidity, and attractContinue Reading
By Taiye Olayemi The equities market recorded an impressive performance in 2025, with total market capitalisation rising by N36.62 trillion. This brought the market’s value to N99.4 trillion by the close of trading on Dec. 31, compared with N62.76 trillion at the end of 2024. Stock investors recorded a 51.19Continue Reading
By Taiye Olayemi The Nigerian equities market closed bullish on Tuesday, leading to N578 billion gains for investors. This marks the 9th consecutive bullish session. Gains in stocks like: Aluminium Extrusion Industries, Austinlaz, Custodian Investment, First Holding Company, FTN Cocoa Processors and 24 others drove the market into positive terrain.Continue Reading
