Category : Search result: market disaster


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.

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.

House Orders Emergency Work on Collapsed Imo Road

The House of Representatives has directed federal agencies to immediately begin emergency repairs on the collapsed Umuma Isiaku–Nkwerre Road in Imo State and address severe erosion across Ideato. Urgent relief for displaced communities is also mandated.

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.

Major Fire Guts Jabi Wood Market in Abuja

A devastating fire destroyed the popular Jabi Wood Market in Abuja early Wednesday. Traders lost millions in property. No casualties reported. Read more on the response and calls for aid.

SEC Nigeria's Reforms Fuel Historic Market Growth

The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.

Nigeria Capital Market Shifts to T+2 Settlement Cycle

Nigeria's capital market transitions to T+2 settlement cycle, signaling global readiness and enhancing investor confidence. Learn how this reform positions Nigeria for international competitiveness.

Hong Kong fire death toll rises to 128

Death toll in Hong Kong's worst fire in decades climbs to 128. Malfunctioning alarms, bamboo scaffolding contributed to the inferno. Investigations ongoing.

Makinde opens 4th ultramodern market in Oyo

Governor Seyi Makinde commissions Omituntun Ultramodern Market in Omi Adio, featuring 406 shops and 56 stalls. The project aims to transform trading in Oyo State.

Nigerian Stock Market Loses N2.1 Trillion

Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.

Ferry Carrying 267 Runs Aground, Crew Arrested

South Korean ferry with 267 passengers grounded near Jogdo Island, injuring 27. Crew members arrested for negligence. Investigation ongoing amid Sewol disaster memories.

Edo Market Women Protest Planned Eviction

Edo State market women protest eviction notice for Oba Market renovation. They demand proper relocation plans from the government. Read their full story.

Two siblings perish in Rivers fire tragedy

Two young siblings died in a devastating fire that destroyed makeshift buildings in Rivers State, leaving 27 families homeless. Police investigation underway.

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