Bears Dominate Trading On NGX, Capitalisation Drop By N193bn       The bears were dominant on the Nigerian Exchange (NGX) Ltd., on Wednesday with market capitalisation declining further by N193 billion. Specifically, the capitalisation which opened at N20.830 trillion dipped N193 billion to close at N20. 637 trillion. Similarly,...

FBN Conundrum, an Abuse of Privilege? By Ademola Oyetunji Recent development at the nation’s premier commercial bank was both shocking and unexpected. Mind boggling though, but it has happened before. Boardroom rascality, a reminiscence of Intercontinental and Oceanic banks saga, where powerful management and shareholders leverage...

NGX Begins May With N17bn Loss Activities on the nation’s bourse resumed the week and month on Tuesday with a loss of N17 billion following sell pressure on Lafarge Africa and MTN Nigeria Communications (MTNN). Specifically, the market capitalisation shed N17 billion or 0.08 per cent...

Investors Withdraw N339.06bn From Stock Market In Q1, 2021       Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of this year, the latest data from the Nigerian Exchange Limited have shown. The data also showed...

Nigerian Stocks Beat Global Stocks With N259bn Gains       Nigerian stocks played the contrarian at the weekend with a net capital gain of N259 billion in a week marked by general decline in share prices across the global advanced and emerging markets. A market-wide rally drove the...