✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Nigerian Equities beat 15-Year record, hit 66,490 basis point

The Nigerian capital market closed  Tuesday’s trading, with the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) soaring to an unprecedented 66,490.34 points.  The…

The Nigerian capital market closed  Tuesday’s trading, with the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) soaring to an unprecedented 66,490.34 points. 

The index had risen by 0.51% from 66,151.38 the previous day, breaking the 15-year record of 66,371.20 set on March 5, 2008.  

The market’s landmark achievement was largely credited to a surge in banking stocks, as investors sought to capitalize on recent record earnings announced by financial institutions.

Market capitalization also saw a remarkable increase, closing at N39.69 trillion up by 0.51% from N36.21 trillion on Monday. 

Drug abuse: How to protect Nigeria’s future

Court stops Abbott Group of companies from importing HIV test kit into Nigeria

Since the inauguration of the Tinubu administration in May, the Nigerian stock market has been on an upward trajectory, registering impressive gains of 6.4% in June and 9.4% in July 2023. As of the end of July, the Year-to-Date (YTD) performance stood at 25.53%. 

VERIFIED: It is now possible to live in Nigeria and earn salary in US Dollars with premium domains, you can earn as much as $12,000 (₦18 Million).
Click here to start.