In the Nigerian equities market, investors retained a cautious approach, with risk-off sentiments remaining dominant. Factors including the ongoing global trade tensions and decline in oil prices sparked selling activity on the bourse. Specifically, sell pressures on MTNN (-4.1%), TRANSCORP (-8.4%), ACCESSCORP (-9.7%), UBA (-4.2%), ETI (-8.7%), GTCO (-2.0%), OANDO […]
Author: InvestAdvocate
Nigeria’s Debt Stock Rises 49% Year-on-Year (YoY) Driven by Naira Depreciation
April 10, 2025/FBNQuest Research The most recent data published by the Debt Management Office (DMO) shows a steady increase in Nigeria’s debt burden. Sequentially, the nation’s debt stock rose by a modest 2% quarter-on-quarter (QoQ) to N144.7trn as at the end of Dec ’2024. However, the YoY rise was more […]
NGX-ASI Closed Bullish…Up by 58bps
April 10, 2025/United Capital Research Today, the Nigerian Exchange (NGX) closed on a positive note following share price appreciation in MAYBAKER (+10.0%) and MBENEFIT (+9.59%). As a result, the benchmark All-Share Index (NGX-ASI) improved by 0.58% to close at 104,788.85 points. YTD returns further climbed to 1.81%, while market capitalization […]
