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CBN Orders Banks To Save Gains From FX Revaluation

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

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...

Stock Investors Gain N1.93trn In Two Days

Stock Investors Gain N1.93trn In Two Days   Investors gained N1.93 trillion in two consecutive trading days as the stock market rose to the highest level since 2008, driven by positive responses to policy measures of the new administration led by Bola Tunubu. The impressive performance of...

Transactions On NGX Gain Traction, Rise To N1.04trn In 5 Months

Transactions On NGX Gain Traction, Rise To N1.04trn In 5 Months   Amid the price appreciation and bullish sentiments, the total transactions performed by investors on the floor of the Nigerian Exchange Limited (NGX) has so far risen to N1.04 trillion in the first five months...

Investors Gain N60bn As Financial Services Lead

Investors Gain N60bn As Financial Services Lead   The financial services sector has continued its dominance of trading activities in the equity market as it cornered 71.82 per cent of stocks traded (in terms of quantity) on the Nigerian Exchange Limited in the past week. This...

NGX Retains Upswing As Investors Gain N137bn

NGX Retains Upswing As Investors Gain N137bn   The market capitalisation of the Nigerian Exchange Limited (NGX) gained N137bn at the close of trading on Tuesday, maintaining its positive trend this week. Similarly, the All-Share Index also appreciated by 0.48 per cent or 252.06 base points to...