First HoldCo Tops Nigeria's Banking Stocks by Market Cap
First HoldCo has surpassed Zenith Bank and GTCO to become Nigeria's most capitalized banking stock, with a market cap of N1.2 trillion as of July 2026.
Category : Stock Market
Top Nigerian Stocks: Weekly Winners July 17, 2026
Learn the best-performing Nigerian stocks for the week ended July 17, 2026, with key gains and market insights from Nairametrics.
FirstHoldCo H1 2026: N1.93 Trillion Earnings, N653.5B Profit
FirstHoldCo reported N1.93 trillion gross earnings and N653.5 billion profit before tax for H1 2026, driven by strong performance across its subsidiaries.
First HoldCo Leads NGX Gainers; Market Cap Reaches N157trn
NGX All-Share Index fell 0.14% to 243,462.13 points, but market cap rose to N157.057 trillion. First HoldCo surged 38.66% as top gainer, while BUA Cement dropped 18.99%.
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Nigerian Equities Slip as BUA Cement Drags Market Despite Rally
Nigerian equities fell 0.07% on Thursday as BUA Cement's decline offset First Holdco's record rally, with market cap dropping to N56.4 trillion.
Stock Market Extends Losses, Investors Lose N32bn
The NGX All-Share Index fell 0.09% on July 16, 2026, wiping N32.16bn from investors' wealth. Despite 27 gainers vs 23 losers, profit-taking in large caps drove the decline.
NGX rebounds by N719 billion as FirstHoldCo, MTN Nigeria lead
The Nigerian Exchange rebounded by N719 billion on Wednesday, driven by gains in FirstHoldCo and MTN Nigeria, lifting market capitalisation to N56.7 trillion.
Zombie stocks drive Nigeria's 2026 market rally amid weak fundamentals
Nigeria's 2026 stock rally features 'zombie stocks' with soaring prices but weak businesses, including Fortis Global Insurance up 1,270% despite losses and DAAR Communications up 273% with accumulated deficits.
Top Nigerian Stocks: Week Ended July 10, 2026
Nigerian stocks saw mixed performance with Dangote Cement leading gains. Discover the top gainers and losers for the week ended July 10, 2026, and market insights.
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NGX Adds N962bn as First HoldCo Leads Trading Spree
The Nigerian stock market gained N961.75 billion on Thursday, extending its bullish run as First HoldCo led trading with 1.26 billion shares worth N85.61 billion.
Nigerian Stock Market Gains N1.87 Trillion
The Nigerian stock market rose by N1.865 trillion on Tuesday, driven by gains in industrial, insurance, oil & gas, consumer goods, and banking stocks, with the All-Share Index climbing to 237,083.28 points.
Nigerian Stocks Fall 1.2%, T+1 Settlement Hits Banking Index
Nigerian stocks declined 1.2% for the third consecutive week, with the Banking Index plunging 10.5%, as the T+1 settlement cycle and new prefunding rules deter foreign investors.
Nigerian Stocks Fall 1.21% as Investors Take Profits
Nigerian equities ended last week in the red as investors booked gains, pushing the All-Share Index down by 1.21% to 229,240.34 points, with market cap falling to N147.103tn.
Nigerian Stock Market Adds N3.156 Trillion Weekly Gain
The Nigerian stock market closed bullish on Friday, adding N3.156 trillion to investors' wealth, driven by renewed interest in banking, telecoms, and oil stocks.
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Naira Gains N7.27 Against US Dollar in Official FX Market
The naira appreciated by N7.27 against the US dollar in the official FX market, closing at N1,372.41/$1, as Nigeria's external reserves hit $51.46 billion.
NGX All-Share Index Falls 1.65%, Market Cap Drops to N148.91T
The Nigerian Exchange ended the week lower with the All-Share Index declining 1.65% and market capitalisation falling to N148.91 trillion, as bearish sentiment prevailed.
Nigerian Stock Market Loses N958.5bn as Aradel, Oando Lead Selloff
The Nigerian Exchange extended its losing streak on Thursday, with the All-Share Index falling 0.64% and market cap dropping by N958.5 billion, driven by sell-offs in Aradel Holdings, Oando, and banking stocks.
Nigerian Stock Market Crashes 2.35% as Cement Stocks Tumble
The Nigerian stock market fell 2.35% on Wednesday, erasing N3.637 trillion in value, driven by profit-taking in major stocks like BUA Cement, Dangote Cement, and Geregu Power.
NGX Gains 0.97% on First Holdco, GTCO Rally
The Nigerian Exchange rose 0.97% on Monday, June 22, driven by bargain hunting in banking stocks led by First Holdco, GTCO, and Zenith Bank, pushing the banking sector up 4.84%.
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NGX Top 10 Best Performing Stocks Third Week June 2026
The Nigerian Exchange closed lower in the third week of June 2026, with the All-Share Index falling 3.59% and market cap shedding N5.64 trillion. Financial services dominated trading. Cornerstone Insurance and Academy Press led gainers.
NGX Gains 0.88% as Market Cap Hits N156.97 Trillion
The Nigerian Exchange closed higher with a 0.88% gain, pushing market capitalisation to N156.97 trillion. Financial services led trading, while 40 stocks gained and 53 declined.
Investors Gain N1.4 Trillion as Market Cap Crosses N156 Trillion
Nigerian equities market rally continues with N1.38 trillion gain, ASI up 0.88%, and year-to-date return at 57.27% amid strong buying interest.
SpaceX Debuts on NASDAQ in Record-Breaking IPO
SpaceX listed on NASDAQ on June 12, 2026, raising $75 billion in the largest IPO ever. The company is valued at $1.77 trillion, making it the seventh most valuable US firm.
NGX Gains 0.53% as Airtel Africa, First Holdco Lead Rally
The Nigerian Exchange (NGX) rose 0.53% on Tuesday, driven by strong buying in Airtel Africa, First Holdco, and other blue-chip stocks, offsetting sector losses.
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Stock Market Opens Week Positive, Investors Gain N234.7bn
The Nigerian equities market opened the week with a 0.33% gain, adding N234.7 billion to investors' wealth, driven by renewed buying interest in large and mid-cap stocks.
Nigerian Stocks Drop 3.1%, Analysts See Bargain Hunting
Nigerian stocks fell 3.1% last week amid sell pressure in oil & gas and industrial goods. Analysts expect bargain hunting but caution profit-taking may persist.
Elon Musk to Be First Trillionaire via SpaceX IPO
Elon Musk could become the world's first trillionaire as SpaceX's IPO, valued at $1.77 trillion, nears. The spaceflight company seeks to raise $75 billion, potentially boosting Musk's net worth above $1 trillion.
Banking Stocks Lead NGX Decline as Market Extends Losing Streak
The Nigerian Exchange declined 0.35% as banking, consumer goods, and insurance stocks led losses, with 35 stocks falling and market activity weakening significantly.
Investors Gain N60 Trillion in Five Months as Capital Market Booms
Nigerian capital market sees N60 trillion gain in five months, driven by strong earnings and liquidity. Analysts warn of possible correction amid rising political risks.
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Nigeria Risks Losing Tech Wealth to Foreign Markets
A financial expert warns Nigeria may lose fintech wealth if firms like OPay list abroad, urging reforms to boost local capital market participation.
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