Tag: #NigerianEconomy
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NIGERIAN STOCK MARKET RECORDS 4TH CONSECUTIVE LOSS, INVESTORS LOSE N348 BILLION
The Nigerian equities market slumped for the fourth straight session on Thursday, resulting in a staggering loss of N348 billion for investors. Key stock selloffs including Legend Internet, Champion Breweries, and Tantalizer triggered a 0.36% dip in market capitalisation, which closed at N95.316 trillion compared to an opening of N95.664 trillion. The All-Share Index similarly…
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TINUBU JUSTIFIES ₦200BN FUND TO BOOST MSMEs AND MANUFACTURERS
President highlights bold support measures fueling Nigeria’s economic growth and youth empowerment. President Bola Tinubu, speaking via Vice-President Kashim Shettima at the 31st Nigerian Economic Summit, explained the ₦200 billion intervention fund was designed to help MSMEs and manufacturers overcome structural challenges and increase competitiveness. With a strong GDP growth of 4.23% in September 2025,…
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NAIRA CLOSES WEEK BULLISH, GAINS N11.08 TO DOLLAR ON OFFICIAL MARKET
Steady recovery driven by CBN reforms signals renewed confidence in local currency. The Naira ended the week at N1,487.89 to the Dollar, appreciating by 0.7% from Thursday’s rate. After opening Monday bullish with a N4.03 gain, it saw slight dips midweek but maintained an overall upward trend. Analysts praise CBN’s measures and MPC forecasts for…
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NGX ALL-SHARE INDEX RISES 0.92%, INVESTORS GAIN N822 BILLION FOR THE WEEK
Positive market momentum with steady gains despite mixed sector performances. The Nigerian Exchange (NGX) All-Share Index closed the week up 0.92% at 141,845.35, boosting market capitalization to N89.744 trillion. Investors gained N822 billion overall, led by strong activity in Financial Services, ICT, and Services industries. Top gainers included Guinness Nigeria and Multiverse Mining, while Omatek…
