Nigeria: Naira Recoups Monday's Losses As Confidence Returns

Nigeria: Naira Recoups Monday's Losses As Confidence Returns

After stalling its rally and losing value on Monday following threats by the United States President to send troops to Nigeria over alleged religious persecution, the naira regained some of its value on Tuesday as confidence in the Nigerian economy remained strong.

NGX records N612bn losses amid Nigeria, US diplomatic row

The Nigerian stock market continued its bearish streak on Tuesday amid the diplomatic row between Nigeria and the United States of America. On Tuesday,

Market Cap Dips N612bn amid Widespread Sell Pressure

The Nigerian Exchange (NGX) Limited experienced a drop on Tuesday, with declines in market capitalisation and the All-Share Index (ASI) as investors cashed in profits amidst rising geopolitical and economic uncertainties. The All-Share Index (ASI) settled at 152,629.60 points, down from 153,739.11 points in the previous session, while market capitalisation contracted by approximately N612 billion to N96.971 trillion from N97.583 trillion. Sell-o…

Trump's effect: Nigerian stock market extends losses on Wednesday

Nigerian stock market falls 1.35%, wiping out N1.31 trillion as investors react to Trump’s military action threat, driving market volatility, investor confidence.

Nigeria: Bearish sentiments persists at NGX as investors lose $424.8mln

ASO Savings and Loans Plc was the most traded stock by volume with 111.95 million units, while Stanbic IBTC Holdings Plc led by value at N3.12 billion

Nigerian Stocks Give up 0.72% amid Panic Sell-Offs

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further depreciated by 0.72 per cent on Tuesday following sustained profit-taking by investors amid fears that the United States could launch an attack on terrorists in Nigeria. The panic sell-offs were across all the major segments of the bourse as investors are careful holding Nigerian stocks because […]