FG Offers N150bn Bonds For September Auction   The Debt Management Office (DMO) has announced that the Federal Government was offering three bonds worth N150bn for the September auction. In a release, the DMO stated that the bonds, which were re-openings of previously issued instruments, would be...

Stock Market Slumps, Investors Lose N847bn Investors lost N847 billion in the stock market last week due to the negative impact of profit taking and selloffs on the Nigerian Exchange Limited. Consequently, the NGX market capitalisation, which represents the total value of investment on the Exchange,...

Bearish Trading Dips as Investors Lose N108bn The Nigerian Exchange experienced a continued downtrend on Wednesday, resulting in a loss of N108bn as bearish sentiments dominated trading for the third consecutive day. The All Share Index declined by 0.20 per cent, closing at 97,199.60 points and...

NGX Loses N93bn as Global Equity Market Declines   The Nigerian equity market shed N93bn on Monday, mirroring the broader global market decline. The All-Share Index and market capitalisation fell by 0.17 per cent to 97,582.41 points and N55.40tn. The day’s trading saw 9,738 transactions totalling N6.217bn, with...

Banking Stocks on NGX Lost N1.6tn Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of Nigeria directed the banks in the country to recapitalise. In late March, the Central Bank of Nigeria directed Deposit Money...

Bearish Trend: NGX Ends July Trading with N32bn Loss The Nigerian Exchange continued its bearish trend for the third consecutive day this week, as investors lost N32bn due to losses suffered by Berger, Cutix, and Nigerian Aviation Handling Company. Berger, Cutix, and Nigerian Aviation Handling Company...