Stock market closes flat

For the first times in weeks, Nigeria’s equities market closed flat on Thursday following investors wait-and-see mood in market.

Stocks like FBN Holdings, Fidelity Bank, Transcorp, Access Holdings and AIICO were actively traded on the Nigerian Exchange Limited (NGX) as investors in 8,364 deals exchanged 1,299,961,984 shares worth N25.326billion.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation which stood at 99,842.19 points and N56.478trillion the preceding trading day cloaed Thursday at 99,842.94 points and N56.479trillion.

Otedola stakes N18.9bn to consolidate position as FBNH largest shareholder

By Iheanyi Nwachukwu • June 21, 2024

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.