Femi Otedola's net worth surged to $1.8 billion in 2026, a $500 million increase, driven by his aggressive share purchases in First HoldCo, where his stake now exceeds 25%.
A sustained sell-off in Nigerian equities erased N5.4 trillion in market capitalisation over eight trading days, with losses across banking, oil and gas, and consumer goods sectors.
The Nigerian stock market extended its losing streak to two days on Thursday, August 20, 2026, with investors losing N440.33 billion as profit-taking hit banking, consumer goods, and oil stocks.
Nigeria slipped to third in global stock market rankings as South Korea reclaimed top spot with 68.52% gains, Ghana second at 66.68%, Nigeria third at 65.23%.
The Nigerian Exchange (NGX) lost N544.5 billion in market capitalization on Wednesday as investors sold shares of First Holdco and Fidelity Bank, among others, amid profit taking.
Nigerian equities extended their bearish run for a fifth straight session, losing N106.24 billion as investors sold off major stocks, according to trading data from the Nigerian Exchange Limited.
Fifteen Nigerian stocks have delivered returns exceeding 100% in 2026, according to Nairametrics. Leading the pack are Mcnichols, Tantalizers, and Guinea Insurance, with gains above 300%.
The Nigerian equities market closed the week bearish, with market capitalisation dropping N1.889 trillion to N156.624 trillion as 59 stocks declined against 26 gainers.
Leading gainers included ABC, FTN Cocoa, and Vitafoam, while losers were led by John Holt, International Breweries, and Champion Breweries, according to Nairametrics.
Nigerian equities shed N3.8 trillion in five sessions as selloff persists, with market cap dropping to N62.3 trillion amid investor profit-taking.
The Nigerian stock market fell for a second straight session on Friday, August 14, 2026, as profit-taking in large-cap stocks wiped out N257.06 billion from market capitalisation, with the NGX All-Share Index dropping 0.16% to 242,619.20 points.
NGX equity market lost N613bn on Thursday as Unilever and consumer goods stocks extended selloff, dragging market cap to N67.9tn.
Nigerian stocks lost N1.76 trillion on Wednesday as the NGX All-Share Index fell 1.12% to 243,967.09 points, driven by profit-taking in BUA Foods and Unilever.
Nigeria's stock market fell 0.73% on Tuesday, with the All-Share Index dropping 1,806.18 points to 246,723.57. Market cap lost N1.166 trillion, as trading volume surged 254.55%.
Nigerian equities gained 0.1% last week, driven by bank stocks. Only the banking index advanced amid profit-taking. Top stock picks include Coronation Insurance, Wema Bank, UACN, May & Baker, Sterling, and Vitafoam.
Nigeria's stock market gained N1.909 trillion on Monday as Airtel Africa rose 8.59%, lifting the All-Share Index to 248,529.75 points.
Nigerian equities rallied 2.36% in a week, lifting the All-Share Index to 166,129.50 points and market capitalisation to N106.354 trillion, driven by strong gains across most sectors.
Nigerian equities rebounded on Wednesday, adding N70.62bn to investors' wealth as the ASI rose 0.04% to 244,912.24 points, ending a two-day losing streak.
Nigerian equities lost N599 billion in market capitalization on Wednesday as Nestle and First HoldCo led declines, dragging the All-Share Index down by 0.98%.
Nigerian equities lost N599 billion in market value as Nestle and First Holdco shares fell, dragging the NGX All-Share Index down by 1.2% in a single trading session.
Ava Capital Plc has officially listed on the Nigerian Exchange (NGX), marking a significant milestone for the company and a new chapter for Nigeria's capital market.
Two Nigerian stocks recorded gains exceeding 100% in July, making them the best performers on the NGX, according to Nairametrics' monthly market review.
The Nigerian Exchange shed N1.26trn as the All-Share Index dipped 0.84% to 245,283.68 points. Weekly turnover climbed to N404.8bn, with 56 stocks ending lower.
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Nigerian equities brace for profit taking in August as investors secure gains, while Dangote Refinery's 650,000 bpd capacity keeps the market in the spotlight.
The Nigerian equities market surged by N11.11 trillion in July, powered by banking stocks, according to NGX data, lifting investor confidence.
Investors on the Nigerian Exchange lost N1.65 trillion in two days as the bearish trend continued, extending the losing streak for a third consecutive session.
Dangote Petroleum Refinery has formally submitted its IPO application to Nigeria's SEC, targeting a September 2026 listing after a $2.5bn oversubscribed private placement, with SEC seeing no regulatory hurdles.
MTN Nigeria, Dangote Cement, and BUA Foods topped the weekly gainers chart as the NSE All-Share Index rose 2.5%, driven by bargain hunting and positive earnings.
The Nigerian Exchange Group (NGX) ranked as Africa's second-best performing stock market in H1 2026, recording a 47.4% return, according to a report by African Markets.