Investors Experience a N2.05 Trillion Loss Over Profit-Taking in Nigerian Stock Market Investors in the Nigerian stock market recorded a significant loss of N2.05 trillion over a span of three days, driven by persistent profit-taking activities on the Nigerian Exchange (NGX). As of Wednesday, the total market capitalisation—representing the combined value of equities listed on […]
The Nigerian Exchange Ltd. (NGX) experienced a strong rebound on Wednesday, recording a substantial gain of ₦507 billion after the previous day’s losses. This positive market shift bolstered investors’ portfolios significantly. The market capitalisation, which opened at ₦63.051 trillion, climbed by ₦507 billion or 0.80%, closing the day at ₦63.559 trillion. Simultaneously, the All-Share Index […]
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Foreign Portfolio Investments (FPIs) into the Nigerian stock market saw a remarkable surge of 180.95% between January and October 2024, reaching N344.30 billion compared to N122.55 billion in the same period in 2023. Key Drivers of the FPI Growth Investment analysts attribute this significant growth to the Central Bank of Nigeria’s (CBN) monetary policies, which […]
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United Bank for Africa (UBA) Plc has unveiled plans to leverage the proceeds of its ₦239.4 billion rights issue to expand digital capabilities and grow its business footprint across Africa and beyond. This strategic initiative aims to further cement UBA’s position as a top-tier pan-African banking leader with over seven decades of exceptional performance. UBA […]
