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Tag: NGX

Business

NGX market valuation surges to ₦217.749tn in mid-January

The Nigerian Exchange closed mid-January 2026 with a total capital market valuation exceeding N66.851 trillion in gains, representing a 44.3 per cent increase, and settling at N217.749 trillion. This information comes from the latest data released by the Nigerian Exchange (NGX) Limited at the close of business on Friday, January 16. The NGX market capitalization, […]

Transcorp Power emerges top NGX weekly gainer
Business

UBA capital hits N513bn as NGX lists new shares

The Nigerian Exchange Limited has listed an additional 3.16 billion ordinary shares of United Bank for Africa Plc on its daily official list, marking a significant boost to the bank’s market capitalisation and further strengthening liquidity within the Nigerian capital market. The development was conveyed to the bank in a confirmatory letter dated January 12 […]

Finance

NGX investors gain N1.5tr as all-share index appreciates

The NGX All-Share Index and Market Capitalisation demonstrated a notable appreciation this past week, increasing by 1.63 per cent and 1.64 per cent, respectively. The Index closed the week at 149,433.26, while the Market Capitalisation stood at N95.264 trillion. This marks an improvement when compared to the 147,040.08 and N93.722 trillion figures recorded during the […]

Economy

NGX market capitalisation nears ₦100trn mark

Nigeria’s equity market climbed to a new high yesterday, extending its rally on the back of broad economic reforms and improving investor sentiment. The NGX market capitalisation, chasing a ₦100 trillion mark, closed on Thursday at ₦98.059 trillion, while the All-Share Index advanced 0.49 per cent to close at 154,489.90 basis points from 153,456.91 points. […]

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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 […]

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