Market Offences: NGX Fines 16 Firms N779m In Three Years   The Nigerian Exchange Limited has sanctioned 16 companies for various market infractions in three years. Specifically, the NGX imposed the sum of N779.5m fine on LASACO Assurance Plc, Presco Plc, Ardova Plc, C&I Leasing Plc, and...

Equities Market Losses N476bn In A Week   The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors. This bearish trend started on Monday with investors losing N3bn to close...

Investors Gain N107bn as Stock Market Rebounds Despite Tuesday's loss of N1bn, investors at the Nigerian Exchange Limited gained N107bn the following day, Wednesday. The All-Share index and market capitalisation appreciated by 0.35 per cent to 55,801.14 and N30.397tn respectively. Since the beginning of the year,...

Stock Market Defies Election, Rises By N623bn In Five Days   The Nigerian equities market defied the usual election fears to consolidate gains for the five trading days, as investors gained N623 billion. Also, the volume of shares traded increased significantly, as turnover of 799.8 million shares...

Naira Notes Crunch Drags Down Stock Market The bullish sentiment in the equities market which started previous week has been aborted at the backdrop of the prolonged cash crunch emanating from the Central Bank of Nigeria, CBN’s, currency change exercise. Market operators indicated that the bullish...

Stock Market Gains N62bn As Investors’ Sentiment Persist The Nigerian equities market ended last week positively, gaining N62 billion in market capitalisation amid weak investors sentiment trading in some highly capitalised stocks. The likes of MTN Nigeria Communication Plc rose by 1.7 per cent Wee-on-Week (WoW)...