Tag: NGX

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Dangote to sell 10% refinery stake on NGX

Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 per cent of the refinery’s shares on the Nigerian Exchange Limited within the next one year. Speaking in an interview with S&P Global, Dangote confirmed that the move would follow the same path taken by other Dangote Group subsidiaries […]

Business

Axa Mansard, Learn Africa lead market decline on NGX

Stocks like Axa Mansard Insurance, Learn Africa, Legend Internet, and other market decliners on Wednesday led to the stock market’s record dip by 0.45 percent. The market’s third day of negative close came after Axa Mansard Insurance, one of the major laggards dropped by 9.95 percent, from N15.98 to N14.39, losing N1.59. It was followed […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
Business

NGX suspends three insurers over failure to file audited accounts

The Nigerian Exchange Limited has suspended trading in the shares of three insurance firms, Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc—for failing to file their audited financial statements for the year ended December 31, 2024. The suspension, which took effect on September 1, 2025, was carried out under NGX’s Default […]

Business

Tinubu hails “remarkable growth” of Nigeria’s capital market

President Bola Tinubu on Tuesday lauded the “remarkable growth” of Nigeria’s capital market, attributing the surge in activity on the Nigerian Exchange to renewed investor confidence in his economic reforms. Speaking in Brazil during a state visit, Tinubu made the remarks while receiving the Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, along […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
Business

Stock market declines as ASI falls below 145,000 mark

The Nigerian All-Share Index fell by 671.81 points on Friday, August 15, 2025, closing at 144,628.20. This marks a 0.46 per cent decline from Thursday’s 145,367.03 points and extends the market’s losing streak to a third straight session. Trading volume also dropped significantly, with 1.37 billion shares exchanged, compared to 2.4 billion shares the previous […]

Nigeria Exchange in decline two weeks in a row
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Foreign investment on NGX surges by 88.54% in May 2025

Foreign portfolio investment on the Nigerian Exchange Limited rose sharply in May, increasing by 88.54 per cent to N118.91bn from N63.07bn in April 2025. This is according to the latest Domestic and Foreign Portfolio Investment Report by the Nigerian Exchange, which indicated a rise in both foreign inflows and outflows during the period. The report […]

Nigeria Exchange in decline two weeks in a row
Business

NGX, SEC deepen China ties to attract global investment 

The Nigerian Exchange Group and the Securities and Exchange Commission have restated their commitment to enhancing capital market collaboration with China as part of efforts to attract cross-border investments into Nigeria. This was showcased during the China-Africa CEO Dialogue, held alongside the 4th China–Africa Economic and Trade Expo in Changsha. The event was organised by […]

Stock investors gain N3.4tn in shortened trading week
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Nigerian stock market gains N1.81tn in bullish week amid Eid break

The Nigerian Exchange ended the first week of June on a bullish trajectory, adding a substantial ₦1.81 trillion to investors’ wealth, despite a shortened trading window due to the Eid-el-Kabir holidays. The All-Share Index climbed 2.57 per cent to close at 114,616.75 points, while market capitalisation rose from ₦70.465 trillion to ₦72.275 trillion. Market analysts […]

Transcorp Power emerges top NGX weekly gainer
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NGX targets NNPC, Dangote Petrochemicals for listing

The Nigerian Exchange Group has revealed plans to pursue new listings across key sectors, with a focus on the public, oil and gas industries. NGX Group Chairman, Dr. Umaru Kwairanga, made the disclosure at the FLOC 2025 Summit in Kano, highlighting the Nigerian National Petroleum Company Limited and Dangote Petrochemicals as primary listing targets. In […]

Transcorp Power emerges top NGX weekly gainer
Business

NGX foreign transactions drop 91% in April

Foreign portfolio transactions on the Nigerian Exchange Limited nosedived by 90.99% in April 2025, dropping to N63.07 billion from N699.89 billion in March, according to the NGX’s latest Domestic and Foreign Portfolio Investment report. The steep decline follows a March surge driven by large block trades that inflated foreign inflows, which failed to materialize in […]

Nigeria Exchange in decline two weeks in a row
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NGX erases gains as investors lose N445bn

The Nigerian Exchange saw a reversal of previous gains on Wednesday, with the All-Share Index dropping by 708.14 points, or 0.68%, to close at 103,851.88 points. This decline led to a N445 billion loss in market value, bringing the total market capitalisation down from N65.7 trillion to N65.3 trillion, primarily due to widespread losses in […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
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NGX rebounds as 2024 dividend declarations spur ₦437bn growth

Dividend announcements for the 2024 financial year by corporate Organisations reversed the downward trend on the Nigerian Exchange, generating a ₦437 billion gain for investors. By the end of the week, the NGX All-Share Index rose by 0.66% to 105,660.64, while market capitalization reached ₦66.26 trillion. Also, all other indices closed higher, except the NGX […]