Dangote Petroleum Refinery has secured a $1 billion underwriting programme to support its planned initial public offering (IPO), which could become one of Africa’s largest. The underwriting programme, announced on Tuesday August 18 by financial advisers Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed...
NGX
President Bola Ahmed Tinubu, on Thursday in Abuja, said growing positive reviews of the economy by experts and favourable economic indicators signal a brighter future for all Nigerians. The President, who received the Board and Management of the Nigerian Exchange Group at the State House, said all the reforms satisfied...
Presidency has attributed the impressive financial performance posted by many companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the economic reforms introduced by President Bola Ahmed Tinubu’s administration since assuming office in 2023. In a statement issued on Wednesday, Special Adviser to the...
Nigeria’s stock market lost N2.179 trillion on Thursday as investors scrambled to adjust to the new T+1 settlement rule. Sell-offs hit even strong stocks, pushing market cap down 1.41% to N152.266 trillion from N154.445 trillion. All-Share Index downed at 3,397.80 points, 1.41% to 237,404.92. YTD return now 52.56%.Market breadth...
Nigerian Exchange (NGX) rebounded on Monday as renewed buying interest in key stocks lifted investors’ wealth by ₦514.97 billion, reversing part of the losses recorded in recent sessions. At the close of trading, the market capitalisation rose by 0.33 per cent to ₦156.11 trillion, while the All-Share Index (ASI)...
Nigeria’s leading listed companies and capital market institutions were celebrated for outstanding performance, innovation, and contributions to economic growth at the 2026 Nairametrics Capital Market Awards. Industry leaders at the event also called for a renewed focus on responsible and inclusive wealth creation. The awards ceremony was held on...
Investors in the Nigerian equities market gained N234 billion on Friday as renewed buying interest in selected stocks lifted the Nigerian Exchange’s key performance indicators. Market capitalisation rose by N234 billion to close at N155.5 trillion, up from N155.3 trillion recorded on Thursday. Similarly, the All-Share Index advanced by...
Nigerian equities market continues its bearish run on Thursday, with investors losing N581bn as profit-taking in heavyweight and mid-cap stocks dragged key market indicators lower for the fourth consecutive trading session. At the close of trading, the market capitalisation of listed equities declined by 0.37 per cent to N155.359tn...
Nigerian Exchange (NGX) has extended its bearish run on Wednesday as sustained profit-taking across major banking, industrial, consumer goods, insurance and telecommunications stocks erased N2.28 trillion from investors’ wealth. The market downturn reflected continued portfolio rebalancing by investors following the introduction of the T+1 settlement cycle, which has enhanced...
Nigerian Exchange (NGX) made history in May 2026, with the All-Share Index breaking past 250,000 points for the first time. The ASI closed at 250,385.7 after a 3.35% monthly gain, adding 8,107.9 points and pushing total market value to N160.5 trillion. Over 18 billion shares changed hands during the...
Nigerian equities market closed the trading week on a bullish note upon resumption of trading after holidays on Friday. Sustained buying interest pushed the benchmark index higher despite selective profit-taking across major sectors. The Nigerian Exchange All-Share Index rose 0.26% to settle at 250,385.47 points, extending the market’s strong...
Investors in the Nigerian equities market gained N905 billion at the close of trading on Monday, starting the week on a bullish note. The rally was driven by gains in Airtel Africa, Tantalizers, and Sovereign Insurance, among other stocks. The benchmark All-Share Index rose to 251,125.02 points from 249,712.37...
The Nigerian equities market ended Friday on a stronger note as renewed demand for large-cap stocks drove the All-Share Index up 0.22% to close at 249,712.37 points. According to data posted by Bizwatch Nigeria, the gain added ₦344.23 billion to market capitalisation, pushing total value to ₦160.08 trillion and...
Nigerian Exchange (NGX) Limited rebounded on Thursday, as renewed buying interest in consumer goods and banking stocks lifted the equities market by 0.05 per cent, despite weak investor sentiment. Market capitalisation rose by N72 billion to close at N159.733 trillion, compared with N159.661 trillion recorded at the Wednesday session,...
Nigeria’s Eurobond market recorded a broad decline in yields across most maturities on Wednesday, May 20, 2026, reflecting improving investor sentiment toward the country’s sovereign debt instruments. Data released by the Debt Management Office (DMO) showed that yields on Nigeria’s outstanding Eurobonds ranged between 5.651 per cent and 8.152...
Nigerian Exchange (NGX) closed in the red on 20 May 2026, with the All-Share Index shedding 2,571.7 points to settle at 249,063.7. The 1.02% decline pushed the benchmark index below the 250,000-point threshold, as selling pressure weighed on large-cap stocks with BUA Cement leading the drop, falling 10% to...
The Nigerian All-Share Index closed higher on 19 May 2026, rising 1,324.1 points to settle at 251,635.4 and ending a four-session losing streak. Data from NGX showed 0.53% gain was driven by strength in BUA Cement and large-cap banking stocks. Trading volume climbed to 703.9 million shares, up from...
The Nigerian equities market further experienced a significant downturn on Friday, with investors collectively losing N1.2 trillion by the close of trading. Data from the Nigerian Exchange Group explained that the slump was driven by notable declines in the share prices of several key stocks, including Zichis, FTN Cocoa,...
Nigeria’s stock market ended Thursday on a softer note as investors shed N169.9 billion following mild profit-taking across key sectors on the Nigerian Exchange Limited (NGX). Market capitalisation declined from N161.84 trillion recorded on Wednesday to N161.67 trillion at the close of trading on Thursday. The All-Share Index (ASI)...
Selective bargain hunting across key sectors of the Nigerian Exchange (NGX) boosted market performance on Tuesday 12 May, 2026, even as investors continued to book profits in selected counters. The Nigerian Exchange All-Share Index (NGXASI) advanced by 0.77 per cent to close at 252,411.67 basis points, extending its rally...