Stock Market Transactions Hit N3.4trn in Five Months Banks’ shares sustain rally Morgan Stanley: More time needed to assess Nigeria’s FX reforms
Nume Ekeghe and Kayode Tokede with Agency report The total transactions by foreign and domestic investors on the Nigerian stock market increased to N3.4 trillion in the first five
months of 2025. Also yesterday, investors’ demand for banking stocks on the Nigerian Exchange Limited (NGX) lifted the market capitalisation by N175 billion due to the clarity on forbearance, as market participants
reacted positively to signals that leading banks were on track to exit regulatory constraints, paving the way for potential dividend payments and renewed earnings growth. These emerged as a global index compiler, the Morgan Stanley Capital
International (MSCI), said it requires more time to properly evaluate the impact of Nigeria’s foreign exchange reforms before bringing back the country on the MSCI Frontier Markets Index. The latest “domestic & foreign
portfolio participation in equity trading” report released by Nigerian Exchange Limited (NGX) yesterday showed that total transactions on the bourse increased by 51.8 per cent, from N2.25 trillion in the first five months of 2024.
THISDAY had reported that the NGX’s market capitalisation gained N7.7 trillion in the first five months of 2025, attributable to strong earnings by listed Continued on page 5
Edun, Downstream Oil Sector Operators Meet to Deepen Energy Reforms...
Page 6
Saturday June 21, 2025 Vol 30. No 11025
www.thisdaylive.com TR
UT H
& RE A S O
N
N400
Ododo:Terrorists Fleeing Northeast, Northwest Fueling Insecurity in North-central
Adedayo Akinwale and Linus Aleke in Abuja
L-R: MD, Julius Berger Nigeria Plc, Dr. Peer Lubasch; FCT Minister, Nyesom Wike; Secretary to the Government of the Federation, Senator George Akume, and Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, during the inauguration of the newly constructed Arterial Road N5 (Obafemi Awolowo way) from Life Camp Junction to Ring Road 3 (RR3) in the FCT…yesterday
Kogi State Governor, Usman Ododo, yesterday raised fresh concerns over the growing wave of insecurity in the North-central, attributing it to the Continued on page 5
Opposition Coalition Moves to Register All Democratic Alliance Atiku, David Mark, Ardo, Amaechi, Obi, Aregbesola listed among conveners Keyamo mocks group, says it's unnecessary hype, weak attempt at mass appeal Chuks Okocha in Abuja In a bold move to challenge President Bola Tinubu and the ruling All Progressives Congress (APC) ahead of the 2027 general elections, key opposition figures have united to form a new political front—the All Democratic Alliance (ADA). The coalition, comprising politicians from multiple parties and ideological
backgrounds, has begun the formal process of registering the alliance with the Independent National Electoral Commission (INEC). Seen as a strategic attempt to consolidate opposition strength and present a unified alternative to the APC, the ADA signals the beginning of what could become one of the most Continued on page 5
Again, 19 Killed in Fresh Attacks in Plateau... Page 12
JUMAT PRAYERS IN MEMORY OF PRESIDENT’S MOTHER...
R-L: President Bola Tinubu; Kwara State Governor, AbdulRahman AbdulRazaq; Governor Babajide Sanwolu of Lagos State; Kaduna State Governor, Uba Sani, and Senior Special Assistant to the President on Political and Other Matters, Alhaji Ibrahim Masari, during the Jumat special prayer in memory of the President's late mother, Alhaja Abibatu Magaji, at the Asarudeen Central Mosque Abuja...yesterday GODWIN OMOIGUI.