United Capital Group has acquired a five per cent equity stake in Nigerian Exchange Group, in a move aimed at deepening its participation in Nigeria’s capital market.
The downturn was driven by profit-taking in selected large-cap and mid-cap stocks.
Nigeria made history in 2017 as the first African country to issue a sovereign green bond, positioning itself within the fast-growing global sustainable finance market.
Mr Kwairanga said the country was seeking strategic investment to support infrastructure development and drive economic expansion.
The Nigerian Exchange Ltd has raised concerns about sharp, unusual price movements in the shares of some listed companies in recent trading sessions.
Market capitalisation declined by N1.141 trillion, or 0.92 per cent, to close at N124.827 trillion.
The NGX Group chairman said the Nigeria–U.S. relationship remained strategically important.
Mr Tinubu said the stock market’s strong performance reflects investor confidence in the broader economy and validates ongoing reforms.
The market breadth also closed positive with 65 gainers and 21 losers.
The Nigerian Exchange Group Plc has declared an interim dividend of N1.00 per ordinary share of 50 kobo each.
