Market Updates

NGX gains N961.75bn as rally enters 5th straight session Nigeria’s equities market sustained its bullish momentum on Thursday, extending its winning streak to five consecutive trading sessions as renewed buying interest in banking, telecommunications and consumer goods stocks lifted investors’ wealth by N961.75bn. The benchmark Nigerian Exchange All-Share Index rose... Read More →

Gold, copper prices rise amid global metals rally Gold and copper led the day’s gains on the international spot markets, as global commodity markets recorded a strong upward swing on Thursday. Both commodities provided a strong cushion for resource-heavy economies despite ongoing volatility in the global energy sector, driven by... Read More →

SEC proposes committee to restore Nigeria to global indices The Securities and Exchange Commission has proposed the establishment of an Index Reclassification Steering Committee to guide Nigeria back into global financial indices following positive indicators from major international ratings agencies. The move comes after S&P Dow Jones Indices placed Nigeria... Read More →

Nigerian equities emerge world’s top dollar-return stock market Nigerian equities have overtaken South Korea’s stock market to become the world’s best- performing equity market in dollar terms this year, buoyed by sweeping economic reforms, a stronger naira and improving foreign exchange liquidity, according to a new report by Bloomberg. The... Read More →

Oil prices jump 5%, stocks slide after Trump says Iran ceasefire over Oil prices soared and stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East. The latest bout of fighting was sparked by Iranian attacks on... Read More →

How SMEs can unlock long-term funds — NASD MD As Nigerian SMEs search for sustainable financing, the capital market is gaining prominence as a growth avenue. NASD Plc MD Eguarekhide Longe discusses funding opportunities, governance and expansion in this interview with JIDE AJIA The media recently reported that NASD Plc... Read More →