Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
The fundraising committee were charged to be equitable and just in the distribution of the palliatives and cash.
The Nigerian Exchange Ltd. (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks.
The market capitalisation, which opened at N24.139 trillion, rose by N7 billion or 0.03 per cent to close at N24.146 trillion.
The market capitalisation lost N545 billion or 2.16 per cent to close at N24.709 trillion.
The upturn was impacted by gains recorded in stocks such as FBN Holdings, Jaiz Bank, Guinness and NGX Group.
The market reacted negatively to the MPR hike as sell-offs were recorded across board but price appreciation in BUA Cement lifted market performance marginally.
The weak performance was as a result of continuous sell-offs in some large and medium stocks.
A federal lawmaker, Musa Bagos, is challenging the signing of an MoU between the state government and Jaiz Bank.
A counsel to the claimant/applicant, told the court that the defendants, in reaction to their originating summons, had chosen to file preliminary objections.
