- Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip
- Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele
- DMO Hikes Interest Rates on Nigerian Government Bonds
- Daily FX Update: Naira Depreciates as FX Liquidity Tightens
- NGX Market Cap Sinks Below N160trn as Bears Strike Harder
- Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira
- EIB Global, FCMB to Support Private Sector, Sustainable Agriculture with €85m
- Ripple XRP Stages Price Recovery as Sell Pressure Eases
News
Equities investors lost about N1.47 trillion in the Nigerian stock market as sell pressure hit Dangote Cement and tier-1 banking on Monday, trading data revealed.
Aradel Holdings Plc added 5.3% to its market value amid a surge in demand for oil stocks; its price appreciation was primarily driven by volume, despite a missed regulatory filing. Trading data from the Nigerian Exchange (NGX) showed that the volume of Aradel shares transacted was moderate.
The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed buying interest in financial services and consumer goods stocks lifted overall market performance.
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
Zcash (ZECUSD) rose by 5.05% to $546.98 amid weak cryptocurrency market conditions, after significant sell pressure had driven its market value lower.
Binance Coin (BNB) sustained momentum, up 7.3% to $722.88 over 24 hours, driven by high-volume spot buying and rotation into altcoins.
Market Regulator Sets for T+1 Settlement, Suspends Key Trading Rules The market regulator, the Nigerian…