Nigerian stocks leap by N324 billion on scramble for Airtel’s shares

Nigerian stocks leap by N324 billion on scramble for Airtel’s shares

Floor of the Nigerian Stock Exchange Market Nigerian stocks scaled up by 1.29 per cent (or N324 billion) on Wednesday, on track for another week of positive yield as telecom powerhouse Airtel and Ecobank Transnational Incorporated (ETI) led the advance. Airtel continued to draw interest from investors, garnering 10 per cent gain, the maximum daily […]

NGX resumes week bearish, down by 0.38%

NGX resumes week bearish, down by 0.38%

The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, […]

NGX to deepen market with financial derivatives as capitalisation sheds N19bn

NGX to deepen market with financial derivatives as capitalisation sheds N19bn

The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play a pivotal role in developing the nation’s bourse and the economy. Speaking at a virtual 6th Market Data Workshop, NGX Chief Executive Officer, Temi Popoola, said trading in derivatives aligns with the exchange’s commitment to […]

Nigerian Stocks Rebound by 0.09% Amid Negative Investor Sentiment

Nigerian Stocks Rebound by 0.09% Amid Negative Investor Sentiment

By Dipo Olowookere Trading activities at the nation’s stock market closed slightly positive on Tuesday as bargain hunting on a few stocks took the Nigerian Exchange (NGX) Limited back to the bulls’ territory. Business Post reports that Nigerian stocks appreciated by 0.09 per cent yesterday, though investor sentiment remained weak as the market closed with […]