NGX Absorbs FGN Bonds As Capitalisation Dips By N2bn       The Nigerian Exchange Limited (NGX) has announced that the August 2021 issue of the Federal Government of Nigeria (FGN) Savings Bonds was listed on its platform yesterday. The bond is an investment instrument targeted at retail investors...

Forex Scarcity, Inflation Put Pressure On FMCG Companies’ Profits       Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for the shrinking profit margins of some fast-moving consumer goods companies listed on the Nigerian Exchange Limited...

NGX Begins Week With N9bn Loss       Trading at the Nigerian Exchange (NGX) Ltd. started the week on Monday with a marginal loss of N9 billion. Specifically, the market capitalization which opened the week at N20.591 trillion shed N9bn or 0.04 percent to close at N20.582tr. Also, the...

Stock Market Investors Gain N371bn In A Week       The equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish sentiment. The NGX All-Share Index appreciated by 1.83 per cent to close at 39,522.34 per cent on Friday...

Bitcoin Trades Above $40k, Gains $220.24bn In 30 Days       The market cap of Bitcoin gained $220.24bn in 30 days according to analysis of data on CoinMarketCap. On July 8, 2021, BTC opened trading at $33,889.61. It had a high of $33,907.91, a low of $32,133.18 and...

Investors Gain N163bn As Stock Market Hits One-week High       The market capitalisation of equities listed on the Nigerian Exchange Limited rose to N20.28tn on Tuesday, its highest level in one week. The NGX All-Share Index increased by 0.81 per cent to close 313.27 basis points higher...