The Nigerian Exchange (NGX) has recorded one of its strongest rallies in recent history, with investors gaining more than ₦9.3 trillion during a remarkable seven-day buying spree that has reinforced confidence in the country’s capital market. The sustained rally has been driven by strong demand for banking, industrial and energy stocks, pushing the NGX to…
Nigeria’s stock market has climbed to the top of the global rankings after overtaking South Korea to become the world’s best-performing equity market in 2026, delivering another strong trading session that added ₦962 billion to investors’ wealth. The Nigerian Exchange (NGX) extended its remarkable rally as renewed buying interest in major banking, consumer goods and…
Global markets opened the week with mixed sentiment as investors balanced encouraging signs in Nigeria’s foreign exchange market against renewed political uncertainty in Europe and a modest rebound in U.S. technology stocks. In Nigeria, the naira remained largely stable in early parallel market trading, exchanging between ₦1,395 and ₦1,415 per U.S. dollar across Lagos and…
SpaceX shares suffered their biggest single-day decline since the company entered the public market, falling 16.4% and wiping out roughly $400 billion in market value. The stock closed at $154.60, marking the sharpest drop since its blockbuster June 12 debut. The selloff came after investors reacted to SpaceX’s announcement that it plans to raise more…
