The Securities and Exchange Commission (SEC) has approved the Initial Public Offering (IPO) of Dangote Petroleum and Petrochemicals FZE, paving the way for what could become one of the biggest transactions in Nigeria’s capital market. The company is expected to list on the Nigerian Exchange on September 14, according to a company official. A signing…
The Nigerian equities market rebounded strongly after a three-week bearish correction, adding N9.34 trillion to investors’ portfolios in the trading week ended July 10. Driven by sustained institutional demand for fundamentally strong heavyweight stocks, the rally ranks among the largest single-week wealth creation events in the history of the Nigerian Exchange (NGX). Market capitalisation surged…
The Nigerian stock market has emerged as the world’s best-performing equity market in dollar terms in 2026, overtaking South Korea on the back of sustained macroeconomic reforms, improved foreign exchange liquidity and renewed investor confidence. According to a Bloomberg report, Nigeria’s benchmark stock index has delivered a 67 per cent return in dollar terms since…
The Nigerian equities market staged a strong rebound on Monday, adding ₦1.518 trillion in market value as renewed buying interest boosted performance across the Nigerian Exchange Group (Nigerian Exchange Group). The All-Share Index rose by 2,277.92 points (0.97%) to close at 238,219.19, while market capitalisation climbed to ₦152.845 trillion. The rally was driven by major…
The Nigerian Exchange has announced an extension of its daily trading hours, with the market now set to close at 4:00 pm following approval from the Securities and Exchange Commission. Previously, trading ran from 9:30 am to 2:30 pm, but starting Monday, April 27, 2026, sessions will begin at 9:00 am and end at 4:00 pm on weekdays….
Lagos, Nigeria – January 7, 2026: The Nigerian Exchange (NGX) extended its positive momentum into the new trading year on Tuesday, with sustained buying interest across key stocks lifting total market capitalization by N468 billion, reinforcing investor optimism and keeping the market above the N100 trillion milestone. At the close of trading, total equities market…
Foreign portfolio investors have returned to the Nigerian Exchange Limited (NGX) in record numbers, with transactions reaching N2.03tn as of October 2025—exceeding all annual foreign investment totals recorded since 2007. This is according to the latest Domestic & Foreign Portfolio Investment Report released by the NGX, which shows that foreign investor activity in 2025 has…
The Nigerian equities market took a hit on Tuesday, shedding N326 billion as the market capitalisation fell from N89.524 trillion to N89.198 trillion. The All-Share Index (ASI) also dropped by 568.62 points, closing at 140,929.60. The dip was largely driven by profit-taking in major stocks such as Dangote Sugar (-10%), Wema Bank (-8.27%), Secure Electronic…
Despite a challenging financial landscape shaped by market volatility, regulatory shifts, and evolving customer demands, FirstHoldCo Plc has posted a strong half-year performance, reinforcing its status as Nigeria’s leading financial institution. The Group’s results reflect solid fundamentals, a resilient business model, and effective execution of strategic priorities. In its unaudited consolidated financial statements for the…
The Nigerian stock market experienced a significant boost in equity trading activity in June 2025, with total transactions reaching ₦778.65 billion, a 120% year-on-year increase from ₦354.55 billion recorded in June 2024. According to data released Tuesday by the Nigerian Exchange Limited (NGX), the surge was primarily driven by heightened domestic investor participation, which accounted…
