The Nigerian Exchange Limited experienced a downturn on Wednesday, with the market capitalization decreasing by N176 billion, or 0.32 percent, following three consecutive days of gains. The market capitalization, which started at N55.437 trillion, fell to N55.261 trillion by the end of the trading day. The All-Share Index also saw a decline of 0.32 percent,…
The stock market closed at 55.545 trillion, down 171 billion or 0.31 percent, from an opening of 55.716 trillion. The All Share Index also closed at 97,830.65, down 0.31 percent or 302 points from Monday’s 98,132.15. As a result, the year-to-date (YTD) return has declined to 30.84 percent. I will paint 1,000 people’s faces with…
The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the re-emergence of speculation and hoarding, even as some Bureaux De Change, BDCs withdrew from the Central Bank of Nigeria, CBN’s, dollar sales program. Vanguard also learnt that despite the sustained nationwide raids and arrest of…
