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Apple sues OpenAI over alleged theft of trade secrets

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Naira closes at ₦1,379.62/$ in official market, parallel rate

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Tanzanian richest bizman eyes $100m stake in Dangote’s E’Africa

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Tag: NGX

Business

Seplat profit surged 87% to $498m in 2025 — NGX

Seplat Energy Plc has released its audited financial results for the year ended December 31, 2025. The results were announced on the Nigerian Exchange Limited and the London Stock Exchange. The company reported profit before tax growth of 86.7 percent to $497.8 million, compared to $266.7 million in the previous year. Gross profit rose 156.4 […]

Business featured

NGX all-share index hits all-time high

Nigerian Exchange Limited is commanding heightened investor attention as several listed companies climb to fresh all-time highs and new 52-week peaks. This development is reinforcing confidence in equities amid the nation’s evolving economic and regulatory reforms. The Nigerian capital market last week closed what analysts described as a historic trading session. Momentum has shifted into […]

Finance

Banks, telecoms, cement giants dominate trillion-naira NGX

Nigeria’s stock market has become increasingly concentrated, with 25 out of 148 listed companies on the Nigerian Exchange Limited commanding N111.11 trillion in market value. These dominant firms are primarily from the banking, telecommunications, and cement sectors. Capital distribution remains uneven. It concentrates in companies possessing pricing power, export capabilities, regulated revenue sources, or robust […]

NGX reports N5.2bn profit despite economic hardship
Business

NGX lists first commercial paper as Dangote Cement raises ₦119.87bn

The Nigerian Exchange Limited has achieved a milestone by recording its first-ever listing of Commercial Paper with the admission of Dangote Cement Plc’s Series 1 and Series 2 issuances under the company’s N500 billion Commercial Paper Issuance Programme. The two series, totaling N119.87 billion, were admitted to trading on the NGX platform on 18 February […]

News

Transcorp, DMO, MTN win at NGX ‘Made of Africa’ awards

Transnational Corporation Plc, the Debt Management Office, and MTN Nigeria Communications emerged as major winners at the 2025 Made of Africa Awards organised by the Nigerian Exchange Group. The awards ceremony, announced on Thursday, celebrates institutions and individuals who promote excellence and strong performance in Nigeria’s capital markets. The recognition covers brokers, issuing houses, trustees, […]

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 […]

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