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NGX Surges by N479bn as Insurance and Consumer Goods Stocks Lead Rally

NGX Surges by N479bn as Insurance and Consumer Goods Stocks Lead Rally   The Nigerian Stock Exchange (NGX) recorded a market value gain of N479bn at the close of trading on Thursday, August 7, 2025. This impressive growth was driven largely by strong performances in the...

NGX Closes July in the Green, Records N12.62trn Gain

NGX Closes July in the Green, Records N12.62trn Gain   The Nigerian Exchange closed the month of July 2025 on a bullish note, recording a significant N12.62tn gain in market capitalisation. The All-Share Index appreciated by 0.42 per cent on the last trading day of the...

Stock Market Reverses Gain With N63bn Loss

Stock Market Reverses Gain With N63bn Loss   The Nigerian equity market ended the first trading day of the week on a downward note, reversing recent gains with an N63bn loss. At the close of trading on Monday, the Nigerian Stock Exchange recorded a decline in its...

Customer Deposits in Eight Banks Now N85trn

Customer Deposits in Eight Banks Now N85trn   Customer deposits in eight Deposit Money Banks reached N85.58tn in the third quarter of 2024, a 12.2 per cent increase from the N76.26tn recorded in the same period in 2023. This was disclosed in the Unaudited Interim Financial Statements...

New Listing on NGX Boosts Market Cap by N105bn

New Listing on NGX Boosts Market Cap by N105bn   The new listing of 2,418,099,300 ordinary shares of 50 Kobo each per share of Notore Chemical Industries Plc on the daily official list of the Nigerian Exchange(NGX) boosted the market capitalisation of the local bourse to...

Equity Market Investors Lose As Sell-offs Continue

Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...