Nigerian stock market extends rally as investors record N884bn gain

Author: Ogaga AriemuPublished on: April 15, 2026Country: Nigeria

Business & Economy

Nigerian stock market extends rally as investors record N884bn gain

The Nigerian stock market recorded a gain of N884 billion, with market capitalization rising from N131.608 trillion to N132.492 trillion. The All-Share Index increased by 1,372.52 points, closing at 205,831.38. Stanbic IBTC and Ecobank Transnational Corporation led the gains with a 10% appreciation each, while Fortis Global Insurance topped the losers with an 8.20% decline. Trading volume increased by 21% compared to the previous session.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Iran war: What is happening on day 47 of the US-Iran conflict?

PoliticsBusiness & EconomyIran

Elizabeth Melimopoulos•6h ago

Iran war: What is happening on day 47 of the US-Iran conflict?

US President Donald Trump stated that the war on Iran is "very close to over" as Israel and Lebanon held direct talks in Washington. The Red Cross sent humanitarian aid to Iran, while the US plans to end a sanctions waiver on Iranian oil. Tensions in Tehran continue with minor explosions, and Iran estimates its war losses at $270 billion.

KRA to Tax Foreign Earnings of Kenyan Remote Workers After Landmark Ruling

Business & EconomyKenya

kenyans.co.ke•7h ago

KRA to Tax Foreign Earnings of Kenyan Remote Workers After Landmark Ruling

The Kenya Revenue Authority (KRA) has decided to tax income earned by Kenyan remote workers for projects managed from the country, following a ruling from the Tax Appeals Tribunal. The tribunal ruled in favor of KRA in a Ksh1.9 billion dispute with a German company, stating that the income was derived from Kenya. Over 185,000 Kenyans are engaged in digital or remote jobs, mainly in IT and customer service, and this decision could significantly impact these workers.

Kenya fuel prices rise sharply despite reduction in tax due to Iran war

Business & EconomyKenya

bbc.com•7h ago

Kenya fuel prices rise sharply despite reduction in tax due to Iran war

Kenya has sharply raised the cost of petroleum, with diesel prices increasing by 40 shillings to 206 shillings per litre. Despite a reduction in value-added tax to 13%, the prices reflect higher global oil costs. Fuel shortages have been reported in some areas, although the government insists that stocks are sufficient. A controversy surrounds a substandard fuel consignment that led to the arrest of senior energy officials.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more