Try GOLD - Free
NGX Dips Below 120,000 as Zenith Leads Trading, JAPAULGOLD Tops Volume
The Business NG
|The BusinessNG
The Nigerian stock market closed in the red on June 27, 2025, as the All-Share Index (ASI) dipped by 0.64% to settle at 119,995.76 points—shedding 776.92 points from the previous day's close of 120,772.68.
-
The market's slide came amid heightened sell-offs in key sectors, dragging the index below the symbolic 120,000 mark.
Market capitalization followed suit, declining by N500 billion to close at N75.9 trillion, compared to N76.4 trillion in the previous session. Investor sentiment was bearish, with trading activity weakening significantly. Total volume fell to 625 million shares from 892 million recorded a day earlier, executed across 21,800 deals.
This story is from the The BusinessNG edition of The Business NG.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business NG
The Business NG
Naira Holds Firm as Nigeria's Forex Reserves hit $45.4Bn
The naira remained under pressure at the Nigerian foreign exchange market (NFEM), closing at 1,455 per US dollar on Wednesday, reflecting ongoing demand for dollars amid liquidity challenges.
1 min
BusinessNg
The Business NG
Three Months to Recapitalisation: Weaker Banks Explore Mergers as Investors Hesitate
With just three months remaining before the Central Bank of Nigeria's (CBN) recapitalisation deadline, several weaker banks in the country are reportedly considering mergers as a strategy to strengthen their financial position and remain compliant with regulatory requirements.
1 mins
BusinessNg
The Business NG
Imports Dominate as Nigerians Use Less Dangote Petrol
- Report
1 min
BusinessNg
The Business NG
CAC PoS Registration Directive Sparks Industry Rift Ahead of 2026 Deadline
The Corporate Affairs Commission's (CAC) latest compliance directive for Point of Sale (PoS) operators has ignited sharp divisions within Nigeria's mobile money sector, raising concerns about a potential regulatory showdown that could reshape agent banking in the country.
1 min
BusinessNg
The Business NG
Civil Defence Can Protect VIPs' — Tinubu Insists on Ending Police Escorts
President Bola Tinubu has reaffirmed his directive ordering the withdrawal of police officers attached to very important persons (VIPs), insisting that the police must return to their primary duty of protecting citizens and strengthening security across communities.
1 min
BusinessNg
The Business NG
Cross River, Benue Top FAAC Receivers Despite Minimal VAT Contribution in October 2025
The latest revenue allocation data from the Federation Account Allocation Committee (FAAC) reveals a stark contrast between states' contributions to the Value Added Tax (VAT) pool and the amounts they received in October 2025.
1 min
BusinessNg
The Business NG
FG Bans Cash Payments for Revenue, Directs MDAs to Install POS Terminals Within 45 Days
The Federal Government of Nigeria has officially banned the use of physical cash for the payment of government revenue.
1 min
BusinessNg
The Business NG
NAFDAC Raises Alarm Over Adulterated Edible Oils Circulating Nationwide
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert regarding the widespread importation and circulation of substandard and unregistered edible oils in Nigeria.
1 min
BusinessNg
The Business NG
Rivers Governor Sim Fubara Defects to APC, Ends Longstanding Ties With PDP
Governor Siminalayi Fubara of Rivers State has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), marking a major political shift in the state's leadership.
1 min
BusinessNg
The Business NG
Nigeria Banks Mobilise N3.7 Trillion Ahead of CBN Recapitalisation Deadline
Nigeria's banking sector is undergoing one of the most significant capital transformations in its history, as commercial banks scramble to meet the Central Bank of Nigeria's (CBN) March 31
1 min
BusinessNg
Listen
Translate
Change font size