Investors grab N441bn as the stock market rebounds

Nigeria’s equity market posted a strong rebound on Wednesday as investors gained N441bn at the close of the day’s trading session. The All-Share Index went up 1.33 per cent to 61,523.57 points by close of trading, a significant improvement to the previous day’s record of 60,715.04 points. In a sharp contrast to the previous day’s trading, the market value of shares increased by N441bn…
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Investors are looking to devalue the currency

Analysts are considering how soon a devaluation may happen and how deep it will be, following the removal late Friday of a policy chief whose unorthodox policies included propping up the naira and banning access to foreign exchange for imports. The currency steadied Monday…

Investors lost 313bn as market capitalization fell.

Less than a month after hitting N30 trillion in market capitalization, the Nigerian Exchange Limited has suffered N313bn loss to dip to N29.915 trillion. The market cap dropped by 1.04 in percentage terms, the same percentage as the All Share Index, which dropped 574.59…

Stock Investors lost N281 billion in a week.

Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively. Also, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX…
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139 investors ready to commercialize flare gas - FG

The Federal Government, on Thursday, said a total of 139 investors had shown readiness to monetise the gas flares from the 48 flare sites across the country. It disclosed this at the 2022 Nigerian Gas Flare Commercialisation Programme Bidders Conference and Investors Forum…