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Banking stocks lift Nigerian market by N288 billion despite broad selloff

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Banking stocks lift Nigerian market by N288 billion despite broad selloff

04 Aug, 2026

The Nigerian equities market opened the new week on a bullish note on Monday, August 3, 2026, adding N288.44 billion in market capitalization as gains in banking heavyweights outweighed weakness in insurance and consumer goods counters. The benchmark NGX All-Share Index (ASI) rose +0.18% to close at 245,730.53 points, up from 245,283.68 points in the previous session. Market capitalisation climbed to N158.61 trillion, from N158.33 trillion.....................................READ MORE