The Nigerian Exchange (NGX) closed positive at the end of today’s trading session.

Nairametrics earlier reported that central banks have given commercial banks and dealers in the forex market the green light to sell forex freely.

The All-Share Index (ASI) traded 3.99% higher to close at 59,985.10 index points as against 58,163.55 index points recorded in the previous day’s trading session.

The market capitalization of equities appreciated by N992 billion to close at N32.662 trillion, a 3.13% gain compared to the N31.670 trillion recorded in the previous trading session.

Market breadth closed positive as International Breweries (10.00%) led gainers, Pharm Deko (-9.65%) led losers while UBA Plc was the most traded equity – by volume – at the end of today’s session.


Below are the market indices for today’s trading session:

NGX TOP GAINERS

—INTBREW gained 10.00% to close at N14.30 per share
—STERLING gained 10.00% to close at N30.80 per share
—TRANSCOHOT gained 10.00% to close at N1.98 per share
—DANGSUGAR gained 10.00% to close at N17.05 per share
—FBNH gained 10.00% to close at N30.80 per share

Source: https://nairametrics.com/2023/06/14/nigeria-stocks-gain-n992-billion-on-reports-that-banks-can-trade-forex-freely/?amp=1

Igba Otun ti de with Tinubu's presidency

E lo Fi Okan bale

Ehn ehn....



This how things is supposed to be done not having some shady rate that some people will goan be collecting at the back at cheap rate and be reselling at high rate....

To me, the actual big deal is that he could do all this without the usual grounding of the country from the big boys of the industry benefiting from all this.

When Bloomberg praised Tinubu yesterday, they did not do that because he removed all these things but they specifically mentioned that he was able to maintain stability and peace after removal, something that usually lead to chaos whenever any government try to do that since 2003.

I think he was able to achieve this because he got lot of loyalists in all corners of society. From the street, business world, Labour world, trenches, politics, international community, and etc.

No president can get away with removing fuel subsidy & unifying exchange rate in 2 weeks without sparking massive protest that would have grounded the economy. Tinubu mandate is divine.

Tinubu is working ...

I think taking these important decisions before appointing ministers is very smart.

If he had Ministers in place, he would have had to consult them, and the Ministers would also need time to consult senior civil servants within their ministeries.

While the so-called consultations are going on, the powerful business and political cabals will have thrown big money at the Ministers to try and frustrate any policy change.

Right now, the cabals have only a stubborn president to contend with and dem no born them to say pim.

Mr Tinubu is a political genius.

Sai Jagaban! This is the man some olodos are comparing with that effeminate dullard from agulu village?

LegendHero:

Source: https://nairametrics.com/2023/06/14/nigeria-stocks-gain-n992-billion-on-reports-that-banks-can-trade-forex-freely/?amp=1

If you we don't fix corruption, we are going back to square 1. Definitely, World Bank, IMF etc are directing nigeria economy presently due to huge national debt.

LegendHero:
To me, the actual big deal is that he could do all this without the usual grounding of the country from the big boys of the industry benefiting from all this.

When Bloomberg praised Tinubu yesterday, they did not do that because he removed all these things but they specifically mentioned that he was able to maintain stability and peace after removal, something that usually lead to chaos whenever any government try to do that since 2003.

I think he was able to achieve this because he got lot of loyalists in all corners of society. From the street, business world, Labour world, trenches, politics, international community, and etc.

No president can get away with removing fuel subsidy & unifying exchange rate in 2 weeks without sparking massive protest that would have grounded the economy. Tinubu mandate is divine.

Concise and precise.
Kudos to you, brother.

Bbgbs23:
Sons and daughters of Hate who never see anything good in things and people will still enter this thread to cry.

We have a President now. Nigeria is becoming the Giant it's known to be.

But we didn’t have a President before and yet you call those that revolted against the man and party, that delivered the incompetent failure that was PMB, sons and daughters of hate

Okay oh

LegendHero:
To me, the actual big deal is that he could do all this without the usual grounding of the country from the big boys of the industry benefiting from all this.

When Bloomberg praised Tinubu yesterday, they did not do that because he removed all these things but they specifically mentioned that he was able to maintain stability and peace after removal, something that usually lead to chaos whenever any government try to do that since 2003.

I think he was able to achieve this because he got lot of loyalists in all corners of society. From the street, business world, Labour world, trenches, politics, international community, and etc.

No president can get away with removing fuel subsidy & unifying exchange rate in 2 weeks without sparking massive protest that would have grounded the economy. Tinubu mandate is divine.

You have to give PBAT credit tbh. He’s leveraging his strengths and making firm decisions. Godspeed to him and Nigeria

But makes you wonder how PMB sat in the Villa for 8 full years and only devastated virtually everything business and economy in the country💀

Una sure say all these stories nag true?

All these figures and signings(like Chelsea)
Is not showing any significance in our daily activities,
Things still remains dsame,
Companies
Offices
Shops are closing down due to the cost of running and if these continues,
Una go knw say buhari try,
The rate of unemployment and crimes will be too much.
All these are social media bullshit,

It's unfolding that lot of avoidable bottlenecks have been holding this Country back to the benefit of selected few.

Make Government give us enabling environment, we the progress minds we keyed into the opportunities and compete favorably.

God Bless Nigeria.

Nice development

Alhamdulillah! I'm feeling fulfilled that my vote was part of the history that brought about this progression and development

Since when did we start reading stock performance on Nairaland?

It seems APC people are behind this!

They are trying so hard to prove that Escobar is working!

LegendHero:
To me, the actual big deal is that he could do all this without the usual grounding of the country from the big boys of the industry benefiting from all this.

When Bloomberg praised Tinubu yesterday, they did not do that because he removed all these things but they specifically mentioned that he was able to maintain stability and peace after removal, something that usually lead to chaos whenever any government try to do that since 2003.

I think he was able to achieve this because he got lot of loyalists in all corners of society. From the street, business world, Labour world, trenches, politics, international community, and etc.

No president can get away with removing fuel subsidy & unifying exchange rate in 2 weeks without sparking massive protest that would have grounded the economy. Tinubu mandate is divine.

Thank Obi 4 bn able to re-in his mammoth crowd of supporters!

Wow

Okay

Please all these positive news how does it affect common man?
Basic needs are very costly in the market and unaffordable. There should be law or policy that will regulate price of things in the market.

Wait til December bf u start praising Tinubu..

That's just the big boys positioning to rip the economy apart..

How much of that money will come to the poor?

Make una try think.

We thank God for TINUBU life and the life of lovers of the country!

I stand with Tinubu

Igba otun tide..

Elo fokan Bale..

DeLaRue:
I think taking these important decisions before appointing ministers is very smart.

If he had Ministers in place, he would have had to consult them, and the Ministers would also need time to consult senior civil servants within their ministeries.

While the so-called consultations are going on, the powerful business and political cabals will have thrown big money at the Ministers to try and frustrate any policy change.

Right now, the cabals have only a stubborn president to contend with and dem no born them to say pim.

Mr Tinubu is a political genius.

Calm down
Tiger
It doesn't take genius to sweep a room and mop the floor.

Buhari was just inept when it came to the economy

In real.terms when you factor in the devaluation in naira by 30% today is that a real gain?

Pls am naive, does it means I go walk into any commercial bank now and buy dollar?


Somebody explain to me