The Nigerian equity market closed this week’s trading with N48 billion losses for investors on Friday. This follows a decrease in stock prices such as NCR Nigeria (NCR), Beta Glass PLC and CONOIL PLC, among others, on the trading floor. The Benchmark All-Share Index (ASI) crashed 111,742.01 points from 111,818.08 points recorded on the previous day. After five hours of …
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Tinubu signed an executive order to cut the cost of the oil sector, increase investor confidence
In a brave step to rejuvenate the Nigerian oil and gas industry, Bola President Ahmed Tinubu has signed a new executive order aimed at reducing production costs and offering performance -based tax incentives to submit operators. This initiative, announced on Saturday by the President’s Special Advisor on Energy, Olu Verheijen, explained the administrative sustainable effort to position the sector for …
Read More »NGX Weekly Roundup: Stages of the Equity Market Comeback when investors get N1.71Tr
The Nigerian equity market returned this week after the Bearish Trading session last week, gained profit N1,711 trillion in five days. The market records profits in three trading sessions, losing two trading sessions. Market capitalization increased to N70,463 trillion from N68,752 trillion recorded in the previous week. Likewise, the All-Share Index (ASI) appreciated 2.49% to close the week with 111,742.01 …
Read More »The top 10 stories from all Nigerian newspapers, Saturday, May 31
Here are the 10 top stories that become headlines throughout the country today. 1. ‘Only blind people can not see the progress made by Nigeria under Tinubu’ – the President shot back to Atiku The president has quickly replied to the statement of Vice President Atiku Abubakar about the record of two years President Tinubu Bola, insisting that only those …
Read More »Can the ‘First Nigeria’ policy be successful when leaders still deposit local products?
In recent weeks, the “Nigeria First” policy that has just been printed by the Federal government has resulted in a busy optimism among industrialists, economists, and every day Nigeria who are tired of seeing local producers who are strangled by imported products that are thrown into the country. However, when the Minister of Home Affairs Olubunmi Tunji-ojo and Minister of …
Read More »Wike, Kingibe Clash for the sealing of Abuja property for default land rental
The heat exchange erupted on Thursday between the Federal Capital Region (FCT), Nyesom Wike, and the FCT senator, Irtik Kingibe, for the ongoing property sealing in Abuja due to unpaid land rent. Senator Kingibe, who represented FCT in the Senate, took problems with Clampdown, condemning it as an unconstitutional and excessive. In a statement dated May 26, 2025, and was …
Read More »The top 10 stories from all Nigeria newspapers, Friday, May 30
Here are the 10 top stories that become headlines throughout the country today. 1. A appeal court upholds Okpebholo’s victory in the Governor Edo’s poll The appeal court in Abuja has confirmed the election of the Monday Governor of Okpebholo from the state of Edo, rejecting the appeal submitted by the people’s Democratic Party (PDP) and its candidates, Asuerinme Ighodalo, …
Read More »NGX: The equity market snapped bullish running because investors lost N54BN
The Nigerian equity market yelled at the Bullish series this week with N54 billion losses for investors at the close of trading on Thursday. This follows a decrease in stock prices such as the Legend of the Internet, Seplat PLC and Abbey Mortgage Bank PLC, among others, on the trading floor. The Benchmark All-Share Index (ASI) decreased to 111,818.08 points …
Read More »Tinubu highlights security gains, economic growth at mid-term anniversary
President Bola Tinubu has marked the halfway point of his term in office with a reflection on key achievements, asserting that his administration has bolstered security across the country and achieved substantial economic progress. The president celebrated the surge in Nigeria’s external reserves, which he said had grown by nearly 500%—from $4 billion in 2023 to over $23 billion by …
Read More »NGX: Equity Market Maintains a Bullish Running because investors get N180BN
Investors in the Nigerian capital market obtained N187 billion at the close of trade on Wednesday. This follows the surge in stock prices such as the University Press (UPL), Learn Africa PLC, and Nighern Nigeria Flour Mills (NNFM), among others, on the trading floor. The Benchmark All-Share Index (ASI) increased to 111,902.61 points from 111,606.22 points recorded on the previous …
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