Stock market re-routes south by 0.15%

Nigeria’s equities market failed to sustain previous day’s gains on Thursday following a record decline by 0.15percent at the close of trading session.

The value of listed stocks on the Bourse dipped by N30billion amid increased sell pressure ahead of the outcome of MPC meeting.

The Nigerian Exchange Limited (NGX) All Share Index (ASI) and Market Capitalisation decreased from preceding day highs of 38,968.34 points and N20.303trillion respectively to 38,911.31 points and N20.273 trillion.

NG Clearing Limited joins Global Association of Central Counterparties as Observer Member.

By Iheanyi Nwachukwu • September 16, 2021

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.