Category : Stock Market


Otedola Increases First HoldCo Stake to 18.12%

Nigerian billionaire Femi Otedola has raised his stake in First HoldCo Plc to 18.12%, acquiring 8.02 billion shares as the company's issued capital grows to 44.45 billion shares.

Gold Hits Record $5,100 as Investors Seek Safety

Gold prices surged to an unprecedented high above $5,100 per ounce, driven by geopolitical tensions, U.S. policy concerns, and strong central bank demand, marking a 64% annual gain.

NGX Ends Week Lower as Market Capitalisation Declines

The Nigerian equities market concluded the trading week on a bearish note, with the All-Share Index and market capitalisation both recording declines. While Financial Services dominated activity, select sectors like Oil & Gas posted gains amid overall mar

Nigerian Stock Market Closes Bearish on Thursday

The Nigerian stock market ended Thursday's trading session in negative territory, with the All-Share Index dropping 0.52% as investors took profits in cement, oil and gas, and banking sectors.

NGX Rebounds: Market Cap Rises by N93 Billion

The Nigerian stock market rebounded on Tuesday with market capitalization increasing by N93.48 billion. The NGX All-Share Index rose 0.09% as gainers outnumbered losers with 39 advancing stocks.

FG Raises N900bn via DMO's High-Yield FGN Bonds

The Federal Government of Nigeria has successfully raised N900 billion through the Debt Management Office's offering of high-yield FGN bonds to investors, aimed at funding infrastructure and economic projects.

Nigerian Brewers Earn N1.54 Trillion in 9 Months

Nigeria's top three listed brewers recorded combined revenue exceeding N1.54 trillion in the first nine months of 2025, demonstrating remarkable sector resilience despite economic pressures.

Banking, Insurance Stocks Power NGX to Weekly Gain

The Nigerian Exchange closed the week higher, with the All-Share Index rising 2.36% to 166,129.50 points. Discover the top gainers and key drivers behind the N106.35 trillion market performance.

SEC Increases Capital Base for Market Operators

Nigeria's SEC has significantly raised the minimum capital for capital market operators, with issuing houses now requiring N7bn. The deadline for compliance is June 2027. Read more on the new policy.

NGX, DEG Target $3bn Climate Capital for Nigeria

NGX Group partners with Germany's DEG to unlock $2.5-$3.0 billion in climate-linked capital for Nigerian corporates. Learn how the CEO Roundtable aims to boost sustainability and investment.

Stock Market Records First 2026 Loss, N457bn Gone

The Nigerian stock market closed in the red for the first time in 2026, with investors losing over N457 billion. Get the full details on the top gainers, decliners, and market analysis here.

NGX Rises 0.6%: Seplat Leads 47 Gainers in Bullish Session

The Nigerian Exchange Limited closed positive on January 15, 2026, with the ASI rising 0.6% to 166,771.95 points. Market capitalisation gained N599bn, driven by Seplat Energy and 46 other advancing stocks. Read the full market analysis.

NGX Lists 3.16 Billion New UBA Shares

The Nigerian Exchange has listed 3.16 billion new UBA shares from a rights issue, raising N158bn and pushing the bank's total capital above the CBN's N500bn requirement. Read more.

Agro-firm Lists N1.09bn Shares on NGX

Zichis Agro-allied Industries Plc lists N1.09 billion shares on the Nigerian Exchange. The move marks its transition to a public company, with a commitment to strong governance and investor value.

Rabiu Nears $10bn, Joining Dangote and Adenuga

Abdul Samad Rabiu's wealth surges to $9.8bn, driven by BUA Foods and Cement. He is on the verge of becoming Nigeria's third $10bn billionaire. Read the full analysis of his rise.

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