By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) started the week on a positive note as market capitalisation increased by N1.91 trillion, representing a 1.20 per cent gain on Monday. This marked the fourth consecutive bullish rally. The uptrend was driven by increased interest in high capitalised equities such as:Continue Reading
By Muhyideen Jimoh The Nigerian Exchange Group (NGX) says the market capitalisation of listed companies has risen from N30 trillion in May 2023 to over N150 trillion. NGX Group Managing Director and Chief Executive Officer, Mr Temi Popoola, disclosed this after NGX and Securities and Exchange Commission officials met PresidentContinue Reading
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 Ginika Okoye The President of the Capital Market Academics of Nigeria (CMAN), Prof. Uche Uwaleke, has called for an independent oversight committee involving capital market investors in the annual auditing of the Unclaimed Funds Trust Funds (UFTF). Uwaleke disclosed this in an interview with the News Agency of NigeriaContinue Reading
By Taiye Olayemi The Nigerian Exchange Group Plc (NGX Group) has reaffirmed the organisation’s commitment to promoting high standards of corporate governance in collaboration with the Chartered Institute of Directors Nigeria (CIoD). Chairman of the NGX Group, Dr Umaru Kwairanga, made this known at the unveiling of the CIoD 2026Continue Reading
By Taiye Olayemi The Nigerian Exchange Group (NGX) has partnered with the Asagba of Asaba, Prof. Epiphany Azinge, to unlock investment opportunities for economic development in Delta. The collaboration was highlighted during the NGX Closing Gong Ceremony in Lagos, held in honour of the traditional ruler and to mark theContinue Reading
By Taiye Olayemi Nigerian Exchange Group (NGX Group) has partnered with the Federal Ministry of Women Affairs and Social Development to strengthen women’s economic empowerment and promote greater gender inclusion in Nigeria’s capital market. The collaboration was highlighted during a strategic visit by the Minister of Women Affairs and SocialContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) closed the week on a positive note, with the All-Share Index (ASI) and market capitalisation rising by 1.39 per cent to 201,156.86 points and N129.126 trillion respectively. This compares with 198,407.30 points and N127.361 trillion recorded in the previous week. As aContinue Reading
