In spite of the decline, market breadth closed positive with 32 gainers compared to 21 losers.
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike
Mr Chiemeka has served as the acting CEO of NGX since January 1.
Guinness will join a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate as making business unprofitable.
The prominent Nigerian banker was appointed on Friday.
On the losers’ table, International Energy Insurance and Caverton led by 10 per cent each, closing at N1.44 and N1.62 per share, respectively.
“Comparative cost of living indices show that Nigerians still enjoy the lowest cost of living in Africa,” claimed the presidency.
![TINUBU SPEAKING WITH ATIKU [credit: Thecable.ng]](https://gazettengr.com/wp-content/uploads/WhatsApp-Image-2023-08-17-at-12.34.30.jpg)
The president has a responsibility to ensure that his government does not have the selective anticorruption baggage that plagued the Buhari administration.
The company said it resolved to exit the West African country after its board meeting and evaluation of options with GSK UK.
To safeguard against worsening economic conditions, some have turned to stock trading to grow their funds.
