The NGX market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935 trillion.
Sell-offs in MTN Nigeria, alongside tier-one banking stocks, on Tuesday shed 0
The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion.
The CBN governor said the decision was in response to the continued inflationary pressures.
The market capitalisation, which began at N55.359 trillion, increased by N294 billion to close at N55.653 trillion.
In the end, more than $700 million investment will be committed to the backwards integration programme,” Mr Dangote said.
The market’s declining performance was driven by sell-offs in telecommunications heavyweights.
The market capitalisation gained N1.82 trillion or 93 per cent to close at N48.139 trillion, as against N46.316 trillion posted on Monday.
At least 100 indigenes were recently trained in vocational skills and provided with starter packs to enable them to achieve self-sustainability.
Specifically, the market capitalisation, which opened at N35.01 trillion, shed N79 billion to close at N34.932 trillion.
