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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 added more than N10 trillion to its market value this week as investors chased industrial and consumer stocks. Total market capitalisation climbed to N155.994 trillion despite the trading floor closing on Wednesday for the Workers’ Day holiday. The All-Share Index rose by 7.33 per cent to close at 242,277.81 points. This surge…
The Nigerian Exchange recorded an unprecedented milestone yesterday as the all-share index breached the 200,000-point threshold for the first time in the market’s history, driven by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.3 points in the previous…
Africa’s wealthiest citizens have seen their collective fortunes surge by 21 per cent over the past year. The continent’s 23 billionaires are now worth a combined $126.7 billion, according to the 2026 Forbes rankings. This $20.3 billion jump reflects a period of stabilizing regional currencies and a broad rally across major African equity markets. Nigeria…
