Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Investors got a major boost as the Nigerian stock market hit another milestone after trading on Thursday, July 17, 2025.
New data showed that at the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased further to 130,283.86 points from the preceding day’s lows of 128,967.08 points.
Source: Getty Images
Market capitalisation also increased from N81.584 trillion to N82.417 trillion, reflecting a gain of N833 billion.
On Thursday, a total of 637,541,391 shares were exchanged in 15,927 deals, valued at N18.12 billion.
Top 5 decliners:
Source: Getty Images
Otedola tightens grip on First Bank
Earlier, Legit.ng reported that Nigerian billionaire, Femi Otedola, was set to become the largest shareholder in First Bank Holding Company
The former chairman, Oba Otudeko, reportedly sold off his 25% shareholding. No official statements from either party yet, but sources claimed the shares were traded in 17 negotiated deals at a fixed price of N31 per share, well above the N29.95k at which the company shares traded on the same day.
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Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
