Tag: NGX

Business

NGX, SEC begin free-float review to attract investors

Nigeria’s capital market regulators have initiated a review of free-float rules for listed companies to enhance liquidity, deepen the equity market, and draw more investors. The Nigerian Exchange Group confirmed on Monday, that it is engaging with the Securities and Exchange Commission to reassess current requirements. The move addresses concerns that low publicly tradable shares […]

MTN, Banking stocks fuel NGX's bullish run
Economy

NGX, SEC review free-float rules to boost market liquidity

Nigerian regulators are reviewing free-float requirements for listed companies to boost liquidity, deepen the equity market, and attract more investors. Many of Nigeria’s largest listed firms are tightly held by controlling shareholders. This limits liquidity and increases the risk of sharp price swings. Nigeria currently requires large companies to have a minimum public shareholding of […]

Finance

NGX rings bell for gender equality on Women’s Day

The Nigerian Exchange Group, in partnership with Central Securities Clearing System and Women in Management, Business and Public Service, will mark International Women’s Day 2026 by Ringing the Bell for Gender Equality tomorrow, Tuesday at NGX Group House in Lagos. The event will leverage the closing gong ceremony to highlight the role of capital markets […]

Transcorp Power emerges top NGX weekly gainer
Finance

NGX ETFs suffer heavy losses in February despite index surge

Nigerian Exchange Traded Funds on the Nigerian Exchange experienced huge losses in February despite a soaring month for the broader index. Data compiled by Nairametrics Research from the NGX showed that the total amount traded for ETFs rose from N1.51 billion in January to N2.94 billion in February, while trading volume increased from 6.3 million […]

NGX reports N5.2bn profit despite economic hardship
Business

Dangote picks Stanbic, Vetiva, First Capital for refinery NGX listing

The Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital as lead issuing houses and financial advisers for the upcoming Nigerian Exchange listing of its $20 billion Dangote Petroleum Refinery & Petrochemicals FZE. Sources familiar with the matter say this could mark Africa’s largest equity offering, with plans to float 5-10 […]

Transcorp Power emerges top NGX weekly gainer
Banking

NGX posts N15.55b profit before tax for 2025

NGX Group Plc has announced its audited financial results for the year ended December 2025, reporting a profit before tax of N15.55 billion. This reflects a 14.26 per cent growth from the N13.61 billion recorded in 2024. In light of the performance, the Board has proposed a final dividend of N2.00 per ordinary share of […]

Business

Seplat profit surged 87% to $498m in 2025 — NGX

Seplat Energy Plc has released its audited financial results for the year ended December 31, 2025. The results were announced on the Nigerian Exchange Limited and the London Stock Exchange. The company reported profit before tax growth of 86.7 percent to $497.8 million, compared to $266.7 million in the previous year. Gross profit rose 156.4 […]

Business featured

NGX all-share index hits all-time high

Nigerian Exchange Limited is commanding heightened investor attention as several listed companies climb to fresh all-time highs and new 52-week peaks. This development is reinforcing confidence in equities amid the nation’s evolving economic and regulatory reforms. The Nigerian capital market last week closed what analysts described as a historic trading session. Momentum has shifted into […]

Finance

Banks, telecoms, cement giants dominate trillion-naira NGX

Nigeria’s stock market has become increasingly concentrated, with 25 out of 148 listed companies on the Nigerian Exchange Limited commanding N111.11 trillion in market value. These dominant firms are primarily from the banking, telecommunications, and cement sectors. Capital distribution remains uneven. It concentrates in companies possessing pricing power, export capabilities, regulated revenue sources, or robust […]

NGX reports N5.2bn profit despite economic hardship
Business

NGX lists first commercial paper as Dangote Cement raises ₦119.87bn

The Nigerian Exchange Limited has achieved a milestone by recording its first-ever listing of Commercial Paper with the admission of Dangote Cement Plc’s Series 1 and Series 2 issuances under the company’s N500 billion Commercial Paper Issuance Programme. The two series, totaling N119.87 billion, were admitted to trading on the NGX platform on 18 February […]

News

Transcorp, DMO, MTN win at NGX ‘Made of Africa’ awards

Transnational Corporation Plc, the Debt Management Office, and MTN Nigeria Communications emerged as major winners at the 2025 Made of Africa Awards organised by the Nigerian Exchange Group. The awards ceremony, announced on Thursday, celebrates institutions and individuals who promote excellence and strong performance in Nigeria’s capital markets. The recognition covers brokers, issuing houses, trustees, […]

Business

NGX market valuation surges to ₦217.749tn in mid-January

The Nigerian Exchange closed mid-January 2026 with a total capital market valuation exceeding N66.851 trillion in gains, representing a 44.3 per cent increase, and settling at N217.749 trillion. This information comes from the latest data released by the Nigerian Exchange (NGX) Limited at the close of business on Friday, January 16. The NGX market capitalization, […]