Articles
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3 weeks ago |
naija247news.com | Godwin Okafor
By Naija247news Business Desk | Lagos | May 13, 2025Thank you for reading this post, don't forget to subscribe!The Nigerian Exchange Limited (NGX) reversed its two-day bearish run on Tuesday, recording a ₦315 billion increase in market capitalisation as investors returned to the market in search of undervalued opportunities. The rebound lifted the total market value to ₦68.357 trillion, representing a 0.46 percent rise compared to ₦68.042 trillion at the close of trading on Monday.
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3 weeks ago |
naija247news.com | Godwin Okafor
Jalingo, May 21, 2025 — Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has urged governments at all levels in Nigeria to prioritise and support local investors if they hope to attract meaningful foreign direct investment (FDI).
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3 weeks ago |
naija247news.com | Godwin Okafor
LAGOS, May 21, 2025 — The Nigerian stock market ended Wednesday’s trading session on a bearish note, shedding N70 billion in market capitalization amid sustained sell pressure in banking stocks and cautious investor sentiment. Thank you for reading this post, don't forget to subscribe!The Nigerian Exchange Ltd. (NGX) saw its total market capitalization dip from ₦68.965 trillion on Tuesday to ₦68.895 trillion — a 0.10% loss.
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3 weeks ago |
naija247news.com | Godwin Okafor
By Ese Williams | Naija247news | Abidjan, May 27, 2025Thank you for reading this post, don't forget to subscribe!Nigeria’s economic recovery is facing renewed pressure as the African Development Bank (AfDB) has downgradedthe country’s real GDP growth forecast to 3.2% for 2025 and 3.1% in 2026, citing a challenging global and domestic environment. The projections were published in the AfDB’s 2025 African Economic Outlook, unveiled on Tuesday at the bank’s Annual Meetings in Abidjan, Côte d’Ivoire.
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3 weeks ago |
naija247news.com | Godwin Okafor
LAGOS – May 20, 2025 – (Naija247news) – Nigeria’s stock market saw a slight recovery on Tuesday, posting a 0.03% uptick in key performance metrics, following the Central Bank of Nigeria’s decision to hold interest rates steady during its 300th Monetary Policy Committee (MPC) meeting.
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