NGX: Market Rebounds as Banking Stocks Drive N166bn Gain   The Nigerian Exchange Limited (NGX) witnessed a rebound in its equities market on Tuesday, propelled by a rally in banking stocks. The market had initially started the week on a negative note, experiencing a 0.57 per...

NGX Ends Week With N122bn Gain   The Nigerian Exchange Limited (NGX) closed the week with a N122bn gain amidst mixed trading sentiments as investors reacted to the release of corporate earnings results for the third quarter. The All-Share Index climbed 0.33 per cent week-on-week to close...

Investors Gain N213bn As Equity Market Rebounds   The Nigerian Exchange Limited (NGX) on Tuesday halted seven days of bearish trading to close the market with a gain of N213bn for investors. Both the All-Share Index and the Market capitalisation rose by 0.59 per cent to 66,770.97...

Stock Exchange: Energy Sector Records 3.6% Gain in One Week   Over the last seven days, the Nigerian stock market has remained flat, although the energy sector gained 3.6% in that time. More promisingly, the market is up by 69% over the past year. Economic Confidential reports that...

CBN Orders Banks To Save Gains From FX Revaluation   The Central Bank of Nigeria, CBN, has ordered banks to save gains from foreign exchange (FX) revaluation as a buffer against emerging economic shocks. The regulator in this regard stopped banks from using FX revaluation gains to...

In One Week, Stock Investors Gain N1.08trn   The Nigerian equity market investors saw an appreciation of N1.08tn in their wealth last week. The uptick resulted from bullish trading in select stocks as investors positioned for more half-year earnings reports. Last week, the NGX All-Share grew by three...