Nigeria In One Minute
Capital market records N84.4bn gain at Wednesday trading
Trading session at the Nigerian Stock Exchange, on Wednesday, posted another bullish performance as investors’ wealth increased by N84.4 billion.
Consequently, market capitalisation inched to N11.3tn, while the All Share Index (ASI) advanced 76 bps to settle at 29,970.86 points following continued price appreciation in NESTLE (+5.3%), as well as bargain hunting on DANGECM (+1.2%) and ACCESS (+9.9%).
Read also: Nigerian govt in talks with World Bank to secure $1bn loan for power sector
Nevertheless, activity level weakened as volume and value traded declined 32.8 per cent and 30.7 per cent to 216.0m units and N3.2bn respectively.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...