Nigerian Equities Market Rebounds as Investors Inject N279bn, Boosting Market Capitalisation
The Nigerian equities market staged a strong comeback on Thursday, reversing earlier losses with a N279 billion boost to market…
Category: Market
First HoldCo Chairman Otedola acquires N1.21 billion direct shares, increases indirect stake
First HoldCo Plc has revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in…
Asian Stocks Pause Amid Yen Weakness, Oil Slips as Investors Await Fed Signals
Asian stock markets took a breather on Thursday after a strong rally in recent weeks, as investors searched for new…
Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment
The Nigerian Exchange (NGX) sustained its bearish run on Tuesday, with investors losing about ₦322 billion in market value as…
European Stocks Dip as Powell Flags High Valuations; Defense Shares Rally on Trump’s Ukraine Comments
European markets slipped on Wednesday morning as investors digested a warning from U.S. Federal Reserve Chair Jerome Powell about inflated…
Indian Tech Stocks Tumble Nearly 3% After Trump’s $100,000 H-1B Visa Fee Hits IT Sector
Indian technology stocks slid sharply on Monday, falling almost 3%, after U.S. President Donald Trump announced a steep new $100,000…
Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers
The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income…
Nigerian Stocks Outperform Inflation: What August 2025’s Drop Means for Equity Investors
Nigeria’s stock market is extending its winning streak, delivering returns well above the country’s cooling inflation rate. With August inflation…
Continental Stock Soars 32% After Aumovio Spin-Off Amid European Market Gains
European markets opened higher on Friday as investors weighed trade developments and economic data across the region. The pan-European Stoxx…
Nigerian Stock Market Adds ₦309bn as Investors Snap Up Dangote Cement and Blue-Chip Shares
The Nigerian stock market closed firmly in positive territory on Tuesday, adding a hefty ₦309 billion to its value as…
CSCS Records ₦2.1 Trillion Transactions in Four Months, Plans T+2 Settlement to Boost Market Efficiency
The Central Securities Clearing System (CSCS) has announced a major surge in trading activity, recording securities transactions worth ₦2.112 trillion…
European Stocks Climb as Traders React to U.S. Fed Rate Cut and Await Bank of England Decision
European shares opened higher on Thursday morning as investors digested the U.S. Federal Reserve’s latest interest rate cut and braced…
Nigerian Stock Market Gains N309bn in One Day as Investor Confidence Rises
The Nigerian stock market surged on Wednesday, adding ₦309 billion in market value in a single trading session as renewed…
Nigerian Stock Market Loses ₦79 Billion as 27 Equities Decline on NGX
The Nigerian Exchange (NGX) closed on a weak note on Tuesday as market capitalisation fell by ₦79 billion following widespread…
Dollar Weakens, Gold Hits Record High as Markets Await Fed Rate Decision
Global markets steadied on Wednesday as investors braced for a widely expected interest rate cut from the U.S. Federal Reserve,…
Cedi Loses Steam: Ghana’s Currency Appreciation Against Dollar Slows to 21% Amid Market Pressures
Ghana’s cedi, which dazzled global markets with record gains earlier this year, is now losing momentum. New Bank of Ghana…
European Stocks Dip as U.S.-China Trade Talks and Fed Decision Loom
European equities opened slightly lower on Tuesday as investors weighed the latest signals from ongoing U.S.-China trade negotiations. The pan-European…
Asia Stocks Hit Four-Year Highs as Dollar Slips; Investors Await Fed Rate Cut Decision
Asian equities surged to multi-year highs on Tuesday while the U.S. dollar weakened, as global investors positioned for an anticipated…
Nigeria’s Forex Market Stabilizes as IMTO Diversions Ease, Oil Dollar Inflows Rise
Nigeria’s foreign exchange market is seeing a rare moment of calm as licensed currency traders report that International Money Transfer…
South Korea’s Kospi Index Hits Record High After Government Scraps Stock Tax Hike Plan
South Korea’s benchmark Kospi index soared to a record high of 3,420.23 in early Monday trade, marking its 10th consecutive…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Kering Shares Rise 2% as Gucci Owner Delays Valentino Acquisition to 2028 Amid Mixed European Markets
European markets opened Thursday on a mixed note as investors awaited fresh guidance from the European Central Bank (ECB). The…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Zara Owner Inditex Stock Jumps 7% as Strong Autumn/Winter Sales Reassure Investors
European markets opened higher on Wednesday, buoyed by fresh earnings updates, inflation data, and global trade news. The pan-European Stoxx…
Asia Markets Rally on Wall Street Gains and Fed Rate-Cut Hopes; South Korea’s Kospi Hits Record High
Asia-Pacific markets climbed on Wednesday, following Wall Street’s strong performance as investors anticipated a potential Federal Reserve rate cut. Optimism…
Investors Lose ₦823bn as Bearish Sentiment Deepens on NGX
The Nigerian Exchange Limited (NGX) extended its losing streak last week as investors’ wealth dropped by ₦823 billion amid waning…
Stock Futures Hold Steady as Investors Await Key Inflation Reports This Week
Stock futures opened little changed on Sunday evening as Wall Street prepared for a pivotal week centered on new inflation…
U.S. Treasury Yields Hold Steady as Investors Await Key Inflation Data
U.S. Treasury yields were little changed on Monday as markets turned their attention to crucial inflation data expected later this…
NGX Slams N133m Fines on 17 Companies Over Late Financial Filings
The Nigerian Exchange Regulation Limited (NGX RegCo) has fined 17 listed companies a total of ₦133.4 million for failing to…
Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts
Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per…