The stock market closed trading activities on Monday on a negative note as sell-offs returned and making the market capitalisation decreased by N125.45 billion.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 Billion June 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.

Trading at the Nigerian Exchange Ltd. (NGX) on Wednesday took a plunge, as the market capitalisation closed at N27.29 trillion down from N27.3 trillion recorded on Tuesday.

The Nigerian equity market on Monday extended a negative position as it recorded loses in some high capitalised stocks such as MTN Nigeria and Guaranty Trust Holding Company GTCO, amongst others.