Tag: NGX

Investment

Investors lose ₦782bn as NGX extends losses

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses. The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks. The market capitalisation depreciated by 0.50 per cent to N155.203 trillion […]

Finance

United Capital acquires 5% stake in NGX

United Capital Group has announced the acquisition of a five per cent equity stake in the Nigerian Exchange Group. Nairametrics reported that the acquisition was disclosed in a statement issued on Monday, June 15, 2026, and signed by the Group General Counsel and Company Secretary, Dr. Leo Okafor. The transaction marks a milestone in the […]

Business

NGX’s all share index gains 0.6% despite Thursday dip

The Nigerian equities market closed the shortened trading week in positive territory, with the NGX All-Share Index advancing 0.6 per cent week-on-week despite ending Thursday’s session lower. The benchmark index shed 0.05 per cent on Thursday, June 11, to close at 244,738.74 points, while market capitalization declined by N72.74 billion to N156.97 trillion from N157.05 […]

Finance

Nigerian stocks rebound, gain ₦235bn after four-day slide

The Nigerian equities market staged a recovery on Friday, June 6, 2026, ending a four-session losing streak as increased buying interest in insurance and banking stocks pushed the Nigerian Exchange All-Share Index higher by 0.15 per cent to close at 242,593.31 points. The positive performance added N234.73 billion to investors’ wealth. Nairametrics reported that trading […]

Opinion

NGX boss urges CBN to prioritise capital market growth

Group Managing Director/CEO, Nigerian Exchange Group, Temi Popoola, has urged the Central Bank of Nigeria’s Monetary Policy Committee to treat capital market development as a macroeconomic necessity. He argued that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Vanguard reported that Popoola made this call in […]

Transcorp Power emerges top NGX weekly gainer
Investment

NGX investors gain ₦26.4trn as market hits record high

The Nigerian stock market ended April 2026 on a bullish note last week, as strong buying momentum across key sectors lifted the performance indicators of the Nigerian Exchange Limited, with investors recording N26.487 trillion in gains during the month. The market was driven by renewed institutional interest in high-cap and fundamentally sound stocks, reinforcing the […]

Oil and Gas

Nigeria eyes ₦6.8trn oil windfall from US-Iran war

Nigeria could record an additional N6.8 trillion in oil revenue in 2026 as rising crude prices driven by the ongoing US-Iran conflict strengthen the country’s fiscal outlook. This is according to BMI, a unit of Fitch Solutions, in its latest Sub-Saharan Africa market assessment for April, which also raised Nigeria’s 2026 growth forecast. The report […]

Finance

NGX ETFs record major losses in April amid thin liquidity

Exchange Traded Funds listed on the Nigerian Exchange recorded a broadly negative performance in April 2026, with the Meristem Growth ETF leading the losers after plunging 59.29 per cent to N136.40, as eleven of the twelve tracked ETFs closed the month in the red. The Vetiva Griffin 30 ETF was the sole gainer, posting a […]

Policy and Regulations

NGX fines 32 companies ₦562.6m over late financial filings

The Nigerian Exchange Limited has imposed a total of N562.6 million in penalties on 32 listed companies for delays in filing both audited and unaudited financial statements in the 2024/2025 financial year. This was disclosed in the updated X-Compliance Report published on April 24, 2026 by NGX Regulation Limited, showing the cumulative penalties spanning multi-year […]

Stock investors gain N3.4tn in shortened trading week
Finance

NGX hits record high as banking stocks drive market gains

The stock market extended its bullish run for the fourth consecutive week, supported by sustained investor interest in Banking and Industrial Goods stocks. Trading last week on the Nigerian Exchange Limited showed that market participants digested the first wave of the first quarter, Q1’26 earnings reports across the Consumer Goods, Cement, and Hospitality sectors. Precisely, […]

NGX reports N5.2bn profit despite economic hardship
featured Investment

NGX foreign inflows surge 78% in Q1

The Nigerian Exchange Limited recorded a significant shift in foreign investment activity in the first quarter of 2026, as foreign inflows surged by 78 per cent to N393.68 billion, up from N221.62 billion in the corresponding period of 2025. The increase signals renewed investor interest in the market. However, the rise in inflows was matched […]

featured Finance

NGX extends trading hours to 4pm from April 27

Nigerian Exchange Limited has announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday April 27, 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission (SEC) Nigeria, the expansion shifts the market opening earlier from […]