…markets. Kano recorded a 9.4 per cent reduction to N23,400, while Abuja’s Wuse II market declined by 4.8 per cent to N27,800. Conversely, Port Harcourt recorded a 2.6 per cent increase to N32,000, largely attributed to flooding, disrupted transportation and damage to agricultural production. Calabar markets also record…

…quickly sentiment shifted.Trading Activity Surges Past N404 BillionDespite the broader market decline, investor participation picked up sharply. Total turnover for the week reached 5.119 billion shares worth N404.762 billion across 285,223 deals, compared with 4.433 billion shares valued at N306.143 billion in 255,589…

Impact of regulatory shake-up The market decline was Initially driven by profit-taking alongside rising Nigerian Treasury Bills. However, this recent crash is largely a regulatory shake-up targeted at large banking groups such as Access, GTCO, FBNH, and FCMB. The core reasons include: a revised method for calculating c…