NGX

Nigerian Stock Market Gains ₦1.76trn As Banking, Insurance Stocks Drive NGX To Fresh High

Investor wealth surged by ₦1.76 trillion as renewed buying in banking, insurance and industrial stocks lifted the NGX All-Share Index to 246,183.96 points, reversing last week’s cautious trading. Custodian, NEM Insurance, BUA Cement and First Holdco topped the...

First HoldCo on Tear: Shares Soar 46% in Four Days as Investors Chase Banking Giant

First HoldCo has recorded one of the strongest rallies on the Nigerian Exchange this year, surging 46 percent in four consecutive trading sessions before extending its gains to ₦105.50 per share. The remarkable rally has been fuelled by...

Nigerian Stock Market Gains ₦849bn as First Holdco Extends Rally, Banking Stocks Lift NGX

NGX added ₦849 billion as sustained buying in banking and insurance stocks pushed the benchmark index higher, reversing the previous session’s losses and lifting investor wealth. First Holdco surged another 9.97 percent to top the gainers’ chart, while...

Nigerian Stock Market Opens Week In Red As Profit-Taking In BUA Cement, PZ Drags Market Capitalisation Below ₦156trn

NGX sheds ₦1.32 trillion as profit-taking in BUA Cement and PZ Cussons drags the market lower. Market breadth weakens with 42 decliners outweighing 19 gainers, signalling broad-based selling pressure. July 14, (THEWILL) — The Nigerian stock market opened the...

NGX Sheds ₦103bn As Profit-Taking Offsets Gains In 31 Stocks

July 10 (THEWILL) — The Nigerian Exchange (NGX) closed marginally lower on Friday. Market capitalisation declined by ₦103 billion to close at ₦156.444 trillion, from ₦156.547 trillion at the previous session. Similarly, the All-Share Index (ASI) fell by 159.97 points,...

Nigeria Overtakes South Korea To Become World’s Best-Performing Stock Market In Dollar Terms

July 10 (THEWILL) — Nigeria has emerged as the world’s best-performing stock market in dollar-denominated returns, overtaking South Korea, as improving foreign exchange stability, strong equity performance, and ongoing market reforms continue to boost investor confidence. The recognition comes from...

NGX Extends Bearish Trend As Market Gains ₦962bn On Renewed Buying Interest

July 9 (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Thursday, as renewed buying interest in banking and consumer goods stocks lifted key market indicators, adding ₦962 billion to investors’ wealth. Market capitalisation advanced by 0.62 percent...

Nigerian Equities Market Extends Rally As Investors Add ₦3.45trn

July 8 (THEWILL) — The Nigerian Exchange (NGX) sustained its bullish momentum on Wednesday as renewed buying interest in large-cap and banking stocks lifted investors’ wealth by ₦3.45 trillion, with the benchmark All-Share Index (ASI) climbing above the 242,000-point...

NGX Extends Rally As Investors Gain ₦1.86trn On Sustained Buying Interest

July 07, (THEWILL) — The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, adding ₦1.86 trillion to investors’ wealth. Market capitalisation appreciated by 1.24 percent to ₦152.135 trillion, from ₦150.271 trillion recorded at Monday’s close, while the benchmark All-Share...

NGX Rebounds Strongly As Investors Gain ₦3.17trn

July 6, (THEWILL) — The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note, adding ₦3.17 trillion to investors’ wealth. Market capitalisation appreciated by 2.15 percent to ₦150.271 trillion, from ₦147.102 trillion recorded at Friday’s close,...
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Keyamo: Subsidy Removal Helped Unlock $500m For Lagos Airport Reconstruction

The Minister of Aviation and Aerospace Development Festus Keyamo, says the removal of the petrol subsidy helped the Federal Government increase investment in critical aviation infrastructure, with about $500 million mobilised for the reconstruction of the Lagos airport and other projects.
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