Nigerian Market News

• Market gains N98bn as investors buy bellwether, dividend paying stocks September 28, 2020
  Bellwether and dividend paying stocks on the Nigerian Bourse continued to trade northwards on Monday September 28 as more investors took positions in the value counters. The increased bargain seen on Monday pushed the value of listed stocks higher by N98billion. Top on the list of investors picks are stocks like Total Nigeria, MTNN, Okomu […]
• ASHON reaffirms stockbrokers’ planned trading on FMDQ September 27, 2020
  The Association of Securities Dealing Houses of Nigeria (ASHON) has re-affirmed that its members shall commence trading on the FMDQ Securities Exchange any moment from now. The Relationship Committee set up by the Association’s Governing Council is said to have submitted its final report for consideration and implementation. Addressing ASHON’s members during the zoom Annual […]
• Naira stable as investors clear CBN’s N70bn OMO offer September 26, 2020
  Nigeria’s currency at the weekend maintained stability as the dollar was traded at N466 and N465 on the black market and Bureau De Change (BDC) segment of the foreign exchange market. The foreign exchange market has witnessed dollar shortages since early this year as a result of sharp drop in prices of oil, which accounts […]
• Nigeria’s stock investors book over N380bn gain in one week September 25, 2020
  Nigeria’s stock market continued on its upward route throughout the trading days in the week ended Friday September 25, 2020. The record positives made equity investors in Africa’s largest economy witness investments growth of about N389billion. Investors took advantage of cheap valuations of fundamentally sound stocks. In the review trading week, the gains were largely […]
• FX daily turnover declines by 13.44% as naira remains stable September 25, 2020
  The daily foreign exchange turnover declined by 13.44 percent to $85.43 million on Friday from $98.69 million recorded on Thursday at the Investors and Exporters (I&E) forex window. This is due to dollar shortages, which the market has faced since early this year as a result of sharp drop in oil prices, which accounts for […]
• FX turnover decrease to $9.76bn in August as liquidity challenges persist September 24, 2020
  Nigeria’s total foreign exchange (FX) market turnover in August 2020 decreased by 9.80 percent to $9.76 billion from $10.82 billion recorded in July 2020 as the liquidity challenges in the FX market persist. The foreign exchange market has witnessed dollar shortages since early this year as a result of sharp drop in oil prices, which […]
• Nigeria stock investors gain N107bn following increased bargains September 24, 2020
  Nigeria’s stock market continued its upward movement on Thursday September 24, gaining about N107billion as investors strengthened bargain activities around value counters. At the close of trading session on the nation’s bourse, its benchmark performance indicator, the All Share Index (ASI) increased by 0.79percent to 25,986.20 points, from preceding trading day low of 25,783.02 points. […]
• Nigeria’s Fixed Income, Currency markets turnover drops by N8.95trn year-on-year September 23, 2020
  The turnover in Nigeria’s Fixed Income and Currency (FIC) markets for the month ended August 31, 2020 was N14.26trillion. This indicating a month-on-month (MoM) decrease of 23.82percent (N4.46trillion) from the turnover recorded in July 2020 (N18.72trillion), and a year-on-year (YoY) decrease of 38.56percent (N8.95trillion) from the turnover recorded in August 2019 (N23.21trillion), according to the […]
• Large cap stocks lift Nigeria’s market further high September 23, 2020
  Nigeria’s stock market moved further into the positive territory at the close of the trading session on Wednesday, September 23. The market’s benchmark performance indicator went up by +0.50percent while the market capitalisation increased by N67billion, both recording their third consecutive gain this week. The market rallied as investors were seen increasing their equity stakes […]
• Naira stabilises at N465 as external reserves improve by 0.39% September 23, 2020
  The pressure on the foreign exchange mellowed on Wednesday as Nigeria’s currency stabilises at N465 from its peak of N477 in August 18, 2020. Naira stability follows an improvement in the country’s external reserves by 0.39 percent to $35.67 billion as at September 18, 2020 from $35.67 billion as of August 8, 2020, occasioned by […]