After Bearish Trend, Equity Market Rebounds with N95bn Gain The Nigerian equity market recovered from the previous day’s loss with a N94.95bn gain on Wednesday, buoyed by an appreciation by Cocoa Processors, Oando, Computer Warehouse Group and 32 other stocks. The market capitalisation and the All...

NGX Slams N76.8m Fine On Nine Firms The Nigerian Exchange Limited (NGX) has imposed a N76.8 million fine on nine quoted companies for failure to file their audited financial statements after the regulatory due date. A report by Nairametrics indicated that the companies were sanctioned for...

Holiday: Trading Resumes with Bearish Trend as Investors Lose N47bn Investors lost about N47bn on Wednesday when the Nigerian Exchange resumed from the two days Eid al-Fitr holiday. The All-Share Index and market capitalisation declined by 0.08 per cent to settle at 99,840.95 points and N56.48tn,...

Equity Market Sustains Bullish Trend as Investors Gain N246bn The equity market extended its rally to its third consecutive day as investors gained about N246bn on Wednesday, buoyed by an appreciation by Abbey Mortgage Bank, National Salt Company, First City Monument Bank and 28 other...

Naira Recovers, Exchanges 1,459.02/$ The naira on Wednesday recovered to 1,4590.02 per dollar after depreciating for one week at the official and unofficial foreign exchange (FX) markets. After trading on Wednesday, the naira appreciated by 4.21 percent as the dollar was quoted at N1,459.02, stronger than...

FG Lists N4.21bn Savings Bonds on NGX The Federal Government has listed its April 2024 Savings Bonds valued at N4.21bn on the Nigerian Exchange Limited. This was disclosed in the market bulletin signed by the Head, Issuers Regulation Department of NGX, Godstime Iwenekhai. The bulletin said, “Trading...