Tag: NGX

Policy and Regulations

NGX urges Tinubu to support fintech’s domestic listing

The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola, has called on President Bola Ahmed Tinubu to support policies that would require major companies operating in Nigeria, particularly high-growth fintech firms, to list on the domestic stock exchange. Speaking during a meeting with the President, Popoola expressed concern that several companies generating significant revenues […]

Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday rally

The Nigerian equities market closed the trading week on a bullish note on Friday, August 7, 2026, adding about N237.8 billion to market capitalisation as gains in the FUGAZ banking stocks outweighed losses across several other sectors. The benchmark NGX All-Share Index rose 0.15 per cent to close at 245,573.60 points, up from 245,209.34 points […]

Investment

Profit-taking erases ₦1.261trn from NGX investors’ portfolios

Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains recorded in recent weeks. Data from the […]

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. […]