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 Wyoming Capital and Partners has projected a positive outlook for the Nigerian stock market in the coming weeks, with banking stocks expected to drive a fresh market rally. The Chief Executive Officer of the firm, Mr Tajudeen Olayinka, said this in an interview with the News AgencyContinue Reading
By Taiye Agbaje The Federal High Court in Abuja on Tuesday discharged and acquitted Mrs Winifred Oyo-Ita, former Head of Service (HoS) of the Federation, of alleged money laundering offences, six years after the trial began. Justice James Omotosho, in a ruling on the separate no-case submissions filed by Oyo-ItaContinue 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 The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss of N1.365 trillion. The downturn was driven by profit-taking in stocks such as FirstHoldCo, Trans-Nationwide Express, United Bank for Africa, Access Corporation, Fidelity Bank, and 35 others.Continue Reading
By Taiye Olayemi The equities market extended its bullish run, delivering a N15.53 trillion gain over 14 consecutive trading sessions, driven by strong investor demand and improved liquidity. Market capitalisation on the Nigerian Exchange Ltd. rose from N129.81 trillion on April 7 to N145.33 trillion at the close of tradingContinue Reading
By Taiye Olayemi The Nigerian equities market closed the week on a positive note on Friday, as investors gained N392 billion. The rally was driven by improved corporate earnings for the 2025 financial year released by companies on the Nigerian Exchange Ltd. platform. The uptrend was also supported by gainsContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) has elected Dr Dele Alabi the institute’s immediate past First Vice President, as its new President. Alabi was elected during the hybrid Annual General Meeting (AGM) and election of the CIBN in Lagos. The institute also elected the ManagingContinue 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
