By Taiye Olayemi The Nigerian equities market rebounded strongly in July, with investors gaining N11.109 trillion as renewed interest in banking stocks lifted the market after the N13.3 trillion loss recorded in June. The rally was driven largely by sustained buying in banking stocks, led by First HoldCo Plc, amidContinue Reading
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 Exchange Ltd. (NGX) All-Share Index and market capitalisation rose by 2.27 per cent and 2.13 per cent, respectively, to close the week at 250,330.92 points and N160.444 trillion. This compares with 244,775.83 points and N157.094 trillion recorded in the previous week. Analysis of market performanceContinue Reading
By Taiye Olayemi Dr Benneth Eze, Head of Research and Development at the Chartered Institute of Stockbrokers, has projected a slowdown in Nigeria’s equities rally. He said the market’s recent strong performance reflected investor optimism, but cautioned that such momentum was rarely sustained without periodic corrections and consolidation phases. ThisContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. recorded a strong weekly performance, with investors gaining N8.661 trillion amid heightened trading activity. The News Agency of Nigeria (NAN) reports market capitalisation rose by 6.60 per cent to N139.827 trillion from N131.166 trillion. The NGX All-Share Index climbed by 6.57 per centContinue Reading
By Taiye Olayemi The Chairman of the Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, says Nigeria’s economy has stabilised and is on a steady growth path. Kwairanga spoke at the Africa Capital Forum at Peninsula London, with the theme ‘From Stabilisation to Capital Mobilisation.’ “Nigeria’s economy has stabilised andContinue 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
