The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Nigerian stock market shed N2.4 trillion in its latest profit-taking wave. Institutional investors locked in returns from a record-breaking rally. Market valuations are hitting a temporary ceiling. Equity prices fell across key banking and industrial goods counters. Investors are recalibrating their risk exposure ahead of quarter-end results. This contraction tests local market resilience. Market…
The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday as renewed buying interest drove capital appreciation. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points. Similarly, the total market capitalisation of listed equities rose by N1.64tn to settle at…
A massive wave of profit-taking has punctured the long-running rally on the Nigerian Exchange. Investors looking to lock in recent gains wiped N5.15 trillion off the total market capitalisation in just the first four trading days of June 2026. The key market index dropped by 3.2 per cent to close at 242,227.31 basis points. This…
The Nigerian Exchange Limited is dismantling its uniform price-discovery framework to restore liquidity and ease trading bottlenecks in high-priced equities. The bourse plans to revert to a graduated, three-tier volume structure heavily inspired by its 2018 market-microstructure guidelines. This regulatory shift cancels the blanket 100,000-unit requirement implemented in recent years to police equity price adjustments….
The Ministry of Industry, Trade, and Investment secured over $380 million in strategic financing commitments during the first 90 days of implementing its new industrial policy. John Owan Enoh, the Minister of State, disclosed the capital injection in a comprehensive quarter-one performance report presented in Abuja. The newly minted framework aims to lift the manufacturing…
The Federal Government has formally requested strategic partnership and technical support from the BRICS economic bloc to fundamentally revamp Nigeria’s agricultural sector and guarantee long-term national food security. Speaking at the 16th BRICS Agriculture Ministers’ Conference held in Indore, India, Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, stated that the administration is…
The Nigerian stock market abruptly snapped its months-long upward trajectory last week as aggressive profit-taking wiped billions off equity valuations. Total market capitalisation on the Nigerian Exchange Limited plummeted by over 4.91 trillion naira within a five-day trading window. This sharp reversal forced the aggregate value of listed equities down to 155.59 trillion naira from…
The Nigerian Exchange Group is positioning the upcoming initial public offering of the Dangote Petroleum Refinery as a continental investment opportunity rather than a local affair. Group Chairman Umaru Kwairanga disclosed the cross-border listing strategy on Friday at the London Africa Summit. To broaden institutional participation, the exchange has already commenced formal engagements with multiple…
An aggressive wave of profit-taking wiped 5.15 trillion naira off the Nigerian Exchange in just four trading days. The sharp equity contraction marks a brutal start to June for domestic and foreign portfolio investors. Widespread sell-offs targeted previously resilient blue-chip corporations, dragging the market capitalisation down to 155.36 trillion naira. The sudden downturn ended a…
Nigerian Exchange Group has urged the Central Bank of Nigeria to integrate capital market development directly into its monetary policy framework. Temi Popoola, the chief executive officer of the group, argued that monetary decisions must treat the capital market as a macroeconomic necessity. He noted that the central bank cannot achieve its policy goals without…
