Stock Market Rallies, Investors Gain N228bn on Christmas Eve
Nigerian stock market closed bullish on Christmas Eve, with investors gaining over N228 billion. Market capitalisation hit N97.89 trillion as ASI rose. Full details inside.
Category : Search result: stock market rally
Trader Recounts Balogun Market Fire Start at 4 PM
A trader shares her eyewitness account of the Balogun Market fire, revealing it began with smoke around 4 PM. She criticizes the initial response and explains how her mother's warning saved her goods.
FMDQ Market Activity Slows, Turnover Drops 24%
Trading activity on the FMDQ Securities Exchange contracted sharply in November 2025. Total secondary market turnover fell by 24.22% month-on-month to N54.64 trillion. Read the full analysis.
Fire guts Jos Main Market, destroys shops worth millions
A major fire has gutted sections of Jos Main Market, destroying goods worth millions of naira. Authorities are investigating the cause. Read the latest details and the market's history with fires.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Investors Gain N579bn as NGX Santa Rally Continues
The Nigerian stock market surged again, adding N579 billion to investor wealth. The All-Share Index rose 0.59% to 153,354.14 points. Discover the top gainers and trading activity.
Naira Strengthens, Black Market Dollar at ₦1,478
The naira appreciates at NAFEM as black market traders adjust rates. CBN approves 82 BDCs, warns public to verify operators. Get the latest forex market analysis.
40 NGX Stocks Give Investors 100%+ Returns in 2025
A review of the Nigerian stock market in 2025 reveals 40 listed companies doubled investors' wealth, with 11 stocks soaring over 200%. Discover the top performers and the outlook for 2026.
NGX Adds N256bn in Festive Santa Claus Rally
The Nigerian stock market surged by N256 billion on Monday, with the All-Share Index rising to 152,459.07 points. Analysts see continued gains driven by strong fundamentals. Read the full market analysis.
Asian Markets Surge on Rate Cut Optimism, Tech Revival
Asian equities extended a global rally Tuesday, fueled by hopes for more US interest rate cuts and strong tech earnings. Gold and silver hit fresh records. Discover the key market movers.
Investors Gain N256bn as NGX Rises Before Christmas
The Nigerian equities market closed bullish on Monday, adding N256 billion to investor wealth. The All-Share Index rose 0.26% led by NASCON, BUA Cement, and others. Discover the top gainers and losers.
Investors gain N1.7tr in NGX Santa-Claus rally
The Nigerian stock market's Santa-Claus rally intensified last week, adding N1.7 trillion to investor wealth. Market capitalisation hit N96.94 trillion as pre-Christmas buying boosted key sectors. Read the full analysis.
Asian Markets Rally on US Rate Cut Hopes, AI Worries Subside
Asian stock markets climbed Monday as US data fueled expectations for 2026 interest rate cuts. Tech stocks led gains while gold hit a record high. Get the full market analysis.
Fire Destroys Sabuwar Lale Furniture Market in Kano
A devastating fire has razed the Sabuwar Lale furniture market in Kano, destroying dozens of shops and goods worth millions of naira. Traders are counting losses and pleading for government assistance. Read the full report.
Elon Musk's Wealth Hits $749bn, Widens Lead
Elon Musk's net worth surges to $749 billion, making him nearly $500 billion richer than Larry Page. Discover the Tesla and SpaceX deals behind this historic wealth leap.
Tribute to Jide Ogundele, Guardian Business Reporter
A tribute to Jide Ogundele, the resourceful Guardian journalist who guided colleagues into Nigeria's privatization-era stock market. Read his impactful story.
Conoil Pays ₦2.43bn Dividend to Shareholders for 2024
Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.
Fidson Healthcare Plans N21 Billion Capital Raise
Fidson Healthcare Plc announces a N21 billion rights issue to boost manufacturing and African expansion. The offer is priced at N35 per share for existing shareholders. Read more.
Yam thief caught at Zaki Biam market, traders warn against mob action
A man from Plateau State was caught allegedly trying to steal yams at Zaki Biam Yam Market in Benue. Traders restrained him and called for security intervention, avoiding mob justice. Read the full story.
Otedola Acquires N14.8bn First HoldCo Shares, Stake Hits 18%
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
Oracle Stock Volatility Reflects Wall Street's AI Doubts
Oracle shares, a barometer for AI market sentiment, swing wildly amid project financing concerns and a major TikTok deal. Discover the risks and rewards of the AI infrastructure boom.
Lady's Viral Encounter Exposes Fake Prophet in Lagos Market
A Nigerian lady's hilarious encounter with a fake prophet at Tejuosho Market goes viral. She shut down his false prophecy about her late father, sparking reactions and similar stories online.
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Nigerian Stock Market Gains N245 Billion
The Nigerian equities market sustained its bullish trend on Wednesday, December 17, with investor wealth increasing by N244.62 billion. Key stocks like FirstHoldCo and Mecure drove the rally. Read the full analysis.
Traders Fair 2026 in Lagos: Free Registration Open
Lagos prepares for Traders Fair 2026 on April 10. Join top finance experts for seminars on Forex, Stocks, AI, and networking. Free entry at Lagos Continental Hotel.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
Asian stocks falter ahead of expected US Fed rate cut
Asian equities drifted lower as investors await a likely US interest rate cut. Debate intensifies on whether the Federal Reserve can sustain easing into 2026 amid stubborn inflation.
Nigerian Equities Market Gains N997bn in Week
The Nigerian Exchange closed the first week of December positively, with investor wealth rising by nearly N1 trillion. The All-Share Index gained 1.08% as market sentiment remained strong. Discover the top gainers and most traded stocks.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
Leaders Call for Transparent, Efficient Capital Market in Nigeria
At the PEARL Awards 30th anniversary, leaders like Udoma Udo Udoma and Governor Peter Mbah emphasized transparency and innovation in Nigeria's capital market as key to sustainable growth and infrastructure development. Discover the insights.
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