Will the NGX All-Share Index close NEGATIVE (red) today, Wednesday, April 22, as investors react to the cabinet shake-up?

Outcome: NO

How this forecast is settled

Recent market data shows the NGX has been on a strong bullish run, with consistent gains driven by institutional inflows and positive sentiment. The index recently posted multiple consecutive gains and strong weekly performance above 6%, indicating momentum remains upward. � Nairametrics +1 While political developments like cabinet reshuffles can introduce uncertainty, markets don’t always react negatively, especially when liquidity and investor demand remain strong, which has been the dominant trend

Resolution

NO, the Nigerian Stock Exchange All-Share Index (NGX ASI) did NOT close negative yesterday. Contrary to fears of a sell-off, the market closed POSITIVE (Green) on Wednesday, April 22, 2026, gaining 0.61% as investors reacted enthusiastically to the appointment of Taiwo Oyedele as the new Minister of Finance

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