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featured Oil and Gas

Oil, gas, banking stocks drag market into bearish mode

The Nigerian equities market relapsed into a bearish mode on Monday, June 15, 2026, as investors resumed profit-taking in oil and gas and banking heavyweights, erasing approximately N945 billion from investors’ wealth. The NGX All-Share Index declined by 0.60 per cent to close at 243,271.57 points, while market capitalisation shed an equivalent percentage to settle […]

Business

Nigerian stocks shed ₦5trn as investors take profit from June 1

Nigerian stocks have lost more than N5 trillion in value since June 1 as profit-taking activities gathered pace on the Nigerian Exchange, following months of strong gains that pushed the market to unprecedented levels. The market capitalisation had surged beyond N160 trillion at the end of May, reflecting the remarkable performance recorded by listed equities […]

Finance

Nigerian stock market declines over profit-taking by investors

After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Vanguard reported that analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the […]

Finance

Nigerian stock market ends seven-week winning streak

The Nigerian equities market closed the trading week ended May 22, 2026, on a weaker note, shedding 618.55 points to settle at 249,712.37 amid renewed profit-taking pressure. This marks a 0.25 per cent weekly decline from 250,330.92, ending the market’s seven-week winning streak as the benchmark index slipped below the key 250,000-point level. Trading activity […]

Finance

Nigerian stock market gains ₦3.34trn in bullish week

The Nigerian stock market extended its bullish run last week, as investors reaped N3.34 trillion gain. Sustained buying interest in banking, consumer goods and selected industrial stocks outweighed pockets of profit-taking witnessed across some other sectors of the market. The positive close on the Nigerian Exchange further reinforced investor confidence in the market. Institutional and […]

featured Investment

Nigerian stock market gains ₦1.1trn as investors return

The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited showed that the market capitalisation, which represents total value of stocks listed on the Exchange rose to N157.094 trillion […]

featured Finance

Nigerian stocks rises 20.36% as oil stocks lead April

The Nigerian equities market closed April 2026 on a strong note, rising 20.36 per cent—its best monthly performance so far this year—clearly surpassing February’s already notable 16.60 per cent gain. Nairametrics reported that tracked by the NGX All-Share Index, the market advanced from 201,287.9 to 242,277.8, crossing the 240,000-mark for the first time, while total […]

Finance

Stock market surges ₦1.36trn on FTSE Russell frontier market upgrade

The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. […]

Finance

Nigeria stock market gains ₦837bn amid cautious trading

The Nigeria stock market traded cautiously last week, even as investors sustained the ongoing rally. Consequently, despite the shortened trading days of the week due to the Easter holidays, capital appreciation reached over N837 billion on the Nigerian Exchange Limited. The NGX market capitalisation, which represents the total value of stocks listed on the Exchange, […]

Finance

Profit taking drags Nigerian stock market down by ₦156bn

Profit taking by investors characterised the Nigeria stock market last week, leading to the decline in the major performance indicators. Specifically, the Nigerian Exchange Limited market capitalisation, which represents the value of equities listed on the Exchange, dropped to N128.969 trillion last week from N129.125 trillion the previous week. Similarly, another significant performance indicator – […]

Business featured

Dangote Refinery denies announcing stock market listing plans

Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering for its listing, warning the public against relying on speculative reports circulating across media and social platforms. In a statement issued by its management, the company said it had observed the “recent circulation of unauthorised information across various media […]

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