Tag: NGX

Business

AVA Capital to list on NGX by introduction Friday

AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited by way of Listing by Introduction on Friday. According to a statement made available to Vanguard, the listing is a strategic transition into the public market aimed […]

Business

NGX sheds 0.19% as Presco, banks drag index

The Nigerian equities market closed lower on Friday, July 24, 2026, reversing the previous session’s gains as profit-taking in Presco Plc, banking and other large-cap stocks outweighed broad-based buying interest across the market. The benchmark NGX All-Share Index declined 0.19 per cent to close at 247,357.40 points, down from 247,831.40 points at Thursday’s close. Market […]

Business

NGX dips as BUA Cement’s selloff offsets banking gains

The Nigerian equities market closed marginally lower on Thursday, July 16, 2026, as a sharp selloff in heavyweight industrial stocks, led by BUA Cement, outweighed strong buying interest in banking counters and First HoldCo’s historic rally. The NGX All-Share Index declined by 0.09 per cent to 242,145.61 points, down from 242,366.75 points in the previous […]

Finance

SEC, NGX hail S&P DJI for including Nigeria in frontier market watchlist

Nigeria’s capital market regulators have hailed the S&P Dow Jones’ Watchlist inclusion, saying it is a confirmation of the growing global confidence in Nigeria’s capital market, even as the Securities and Exchange Commission reinforced its commitment to policy consistency. On Wednesday, July 8, S&P DJI added Nigeria to the Watchlist for potential upgrade from Standalone […]

Business

NGX gains ₦3.45trn as Airtel Africa hits record ₦5,801.40

The Nigerian equities market delivered its most powerful single-session gain in weeks on Wednesday, July 8, 2026, as Airtel Africa’s 10 per cent maximum daily advance to N5,801.40 anchored a broad-based rally that added N3.45 trillion to investors’ wealth. Airtel Africa’s N5,801.40 close is a new record for the telecoms counter, and along with gains […]

Finance

NGX loses ₦1.8trn as bearish run persists into third week

The Nigerian stock market closed lower again last week, making it the third consecutive week of decline, pressured by profit-taking in blue-chip stocks. However, the latest loss amounting to N1.8 trillion indicates that the negative position is moderating. Three weeks ago the market took a major hit at N5.6 trillion loss, and the following week […]

Finance

Banking, industrial stocks drag NGX lower amid selloffs

The Nigerian equities market extended its losing streak on Thursday, July 2, 2026, falling 0.61 per cent to close at 224,321.97 points, down from 225,690.07 points in the previous session. Investors lost approximately N877.91 billion in a single day. Market capitalisation declined to approximately N144.11 trillion. The year-to-date return moderated further to 44.15 per cent. […]

Business

Airtel, FUGAZ banks drive NGX recovery rally

The Nigerian equities market sustained its recovery for a second consecutive session on Tuesday, June 23, 2026, gaining N1.64 trillion in market capitalisation as renewed buying interest in blue-chip stocks and insurance counters lifted the benchmark index. Trading data from the Nigerian Exchange showed that the All-Share Index advanced by 1.06 per cent to close […]

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 […]