Tag: #InvestorConfidence
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STOCKS KEEP ROCKETING: N138BN GAINED AS NGX HITS N102.8 TRILLION MILESTONE
Investors are still betting big on Nigeria’s stock market—Thursday marked the 19th straight day of gains, pumping N138 billion into market cap for a 0.13% jump to N102.822 trillion. All-Share Index climbed 214.80 points to 160,806.56, fueled by standouts like Neimeth International Pharma (+10% to N7.70), May & Baker (+9.85% to N26.20), Etranzact (+9.64% to…
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NIGERIA STOCK MARKET GOES LIVE WITH T+2 SETTLEMENT CYCLE
Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy…
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NIGERIAN STOCK MARKET BOUNCES BACK WITH N285 BILLION GAIN ON FRIDAY
The Nigerian stock market ended a four-day losing streak on a high note Friday, adding N285 billion to investors’ portfolios. Renewed interest in key stocks like Julius Berger, Learn Africa, Cornerstone Insurance, Aso Savings, and Ikeja Hotel boosted market sentiment and pushed the All-Share Index up by 449.80 points to close at 154,126.46. The market…
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NAIRA APPRECIATES TO ₦1,452.79 AGAINST THE DOLLAR AS ECONOMIC CONFIDENCE GROWS
The Nigerian Naira continued its positive run on Monday, appreciating by ₦5.16 to trade at ₦1,452.79 to the dollar at the official foreign exchange market, according to the Central Bank of Nigeria (CBN). This marks a 0.35% gain from Friday’s rate of ₦1,457.95, extending the weeklong upward trend. The Association of Bureau De Change Operators…
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NIGERIAN STOCK MARKET CLOSES WEEK STRONG, ADDS ₦733 BILLION TO INVESTORS’ PORTFOLIOS
Friday’s trading saw the Nigerian Exchange Limited (NGX) market cap grow from ₦98.059 trillion to ₦98.792 trillion, boosting the All-Share Index (ASI) by 0.75% to 155,645.05 points. This positive momentum was driven by strong investor demand in key stocks including Aso Savings, Ikeja Hotel, Regency Alliance Insurance, Caverton Offshore, and Aradel Holdings. Market breadth was…
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NIGERIAN EQUITIES MARKET EXTENDS GAINS, INVESTORS POCKET ₦963 BILLION
The Nigerian stock market continued its winning streak on Tuesday, with investors collectively gaining ₦963 billion. The market capitalisation rose to ₦96.134 trillion, while the All-Share Index inched up by 0.01%, closing at 151,456.91 points. Key stocks like SCOA Nigeria, Omatek, BUA Foods, and Vitafoam led the charge, fueling the market’s positive momentum. Despite the…
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NEPZA REAFFIRMS 10-YEAR BAN ON STRIKES IN FREE TRADE ZONES AMID DANGOTE REFINERY DISPUTE
Nigeria Export Processing Zones Authority (NEPZA) has confirmed its law bans industrial strikes and lockouts for 10 years within Free Trade Zones, including at Dangote Refinery. This move aims to preserve industrial peace and protect investments after recent union disruptions. NEPZA’s MD, Dr. Olufemi Ogunyemi, urged unions to channel disputes through the Authority, stressing that…
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SON LAUNCHES ISO 37003:2025 TO FIGHT GLOBAL FRAUD
New fraud control standard aims to protect billions lost annually and boost trust. The Standards Organisation of Nigeria (SON) unveiled ISO 37003:2025, the world’s first international fraud control management system standard, addressing prevention, early detection, and response to fraud. SON Chairman Prof. Oserheimen Osunbor emphasized fraud’s rising global toll of $4.7 trillion annually, worsened by…
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NCC INTRODUCES TOUGHER CORPORATE GOVERNANCE RULES FOR TELECOMS
The Nigerian Communications Commission (NCC) has rolled out stricter corporate governance guidelines for telecom operators to boost transparency, risk management, and investor confidence. Dr. Aminu Maida, NCC’s Executive Vice-Chairman, emphasised that strong governance is now essential—not optional—in safeguarding Nigeria’s digital future amid cybersecurity and climate risks. The new rules require balanced boards with ICT and…
