Elon Musk Loses $350 Billion in Historic Wealth Drop as SpaceX Shares Tumble
Elon Musk has recorded the largest personal wealth loss in history after a sharp decline in SpaceX’s stock price wiped…
Category: Market
NGX Market Value Drops to N151.3tn as Profit-Taking Triggers Liquidity Tightening
The Nigerian Exchange Limited (NGX) ended the trading week on 19 June 2026 in the red, as widespread profit-taking and…
Stock Futures Fall as Iran Peace Talks and Inflation Data Keep Investors on Edge
U.S. stock futures slipped early Monday as investors reacted cautiously to fresh progress in Iran peace negotiations while bracing for…
NGX Market Update: Market Capitalisation Sheds N5.6 Trillion as Trading Value Climbs 22% Amid Bearish Pressure
The Nigerian equities market closed the week on a mixed but tense note as the market capitalisation of the Nigerian…
Stock Futures Rebound After Fed Shock Sell-Off as Intel Surges on Apple Chip Deal Talk
U.S. stock futures moved higher on Thursday as Wall Street attempted to recover from a sharp sell-off triggered by renewed…
Agro-Allied Stocks Deliver 1,656% Rally as Presco, Okomu, FTN Cocoa Drive NGX Wealth Surge
Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest wealth creators, delivering…
NGX Market Sheds N1.02 Trillion as Bank and Oil Stocks Drag Equities Down
The Nigerian equities market ended on a weak note as investors recorded a significant loss of about N1.02 trillion in…
U.S. Stock Futures Jump After Iran Peace Deal as Global Markets Rally on Trump Announcement
Global financial markets opened the week on a strong note as U.S. stock futures surged after President Donald Trump announced…
Tinubu @ 3: Nigeria’s Stock Market Surges N130 Trillion Amid Economic Hardship and Bold Reforms
Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about N30 trillion…
SpaceX Stock Surges 6% in Premarket After Record-Breaking IPO Debut
SpaceX shares continued their strong momentum on Monday, rising about 6% in premarket trading following last week’s historic market debut…
NGX Market Rally Adds N1.4 Trillion as Nigerian Stocks Push Capitalisation Above N156 Trillion
Nigeria’s equities market ended the week on a strong bullish note as investors collectively gained about N1.4 trillion, pushing market…
MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria,…
Stock Futures Fall After U.S. Strikes Iran Amid Rising Middle East Tensions
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out…
IMF Backs Nigeria’s Economic Reforms but Warns of Rising Poverty and Food Insecurity
The International Monetary Fund (IMF) has once again expressed support for Nigeria’s ongoing economic reforms, acknowledging that the country is…
Nigerian Stocks Add N515 Billion as Bargain Hunting Fuels Strong Market Rebound
Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed…
BUA Foods Tops NGX Dividend Yield Rankings as Seven Stocks Go Ex-Dividend in One Week
BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian…
Nigerian Stock Market Sheds N4.9trn as Profit-Taking Reverses Bullish Run | NGX Decline Hits Investors
The Nigerian stock market experienced a sharp reversal last week as investors on the Nigerian Exchange Limited (NGX) collectively lost…
Naira Undervalued by 13% Despite FX Reforms, Says Rewane as Economic Fundamentals Improve
Nigeria’s currency may be performing better than many expected, but leading economist Bismarck Rewane believes the naira is still trading…
Dulux owner Akzo Nobel plummets 19% after takeover talks fall through
European markets opened the day under pressure as investor sentiment weakened across major indices, with growing uncertainty driven by fresh…
European stocks rebound as oil prices slip; Abivax shares tumble
European markets staged a recovery on Tuesday as investor sentiment improved, with the Stoxx 600 climbing around 0.7% after recent…
Nigeria Capital Market Gains N60 Trillion in Five Months as Investor Confidence Soars
The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion…
NGX Boss Urges CBN to Integrate Capital Market Development into Monetary Policy for Stronger Economic Growth
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the…
Capital market awards spotlight rising investor participation
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market…
Dangote Refinery Eyes $2bn Private Investment Drive Ahead of Landmark IPO
Nigeria’s biggest industrial project, the Dangote Refinery, is attracting strong investor interest ahead of its planned initial public offering (IPO),…
Nigeria builds unicorns, Wall Street takes the wealth
Nigeria has emerged as Africa’s leading technology powerhouse, producing some of the continent’s most valuable startups and attracting billions of…
Wall Street Slips as Inflation Fears and Oil Shock Rattle US Markets
US stocks retreated in early trading on Tuesday as renewed inflation fears and rising global tensions pushed investors into a…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major…
Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears
Oil prices surged sharply in early Asian trading on Monday, with Brent crude crossing the $111 mark as renewed geopolitical…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
Banks Dominate as NGX Companies Spend ₦628bn on Technology in 2025 Amid Digital Race
Listed companies on the Nigerian Exchange poured massive resources into technology in 2025, spending a combined ₦628.1 billion on IT-related…