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Tag: NGX

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 […]

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 […]

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