Blue-Chip Firms See 202% Growth from FX Stability
Five major Nigerian companies in brewing and telecom sectors surged 202% in market cap to N33.29 trillion, rebounding from FX losses with improved 2025 results due to naira stability.
Category : Stock Market
Fidelity Bank, Access Holdings Lead NGX Gains as Market Hits N140T
The Nigerian stock market extended its positive run on Monday, April 20, 2026, with the All-Share Index rising 0.44% and market capitalization crossing the N140 trillion mark for the first time.
NGX Expands Trading Window to 4:00 PM for Enhanced Market
Nigerian Exchange Limited (NGX) has extended trading hours from 9:00 a.m. to 4:00 p.m., effective April 27, 2026, to deepen liquidity and attract investors, following SEC approval and FTSE Russell reclassification.
Oil and Gas Stocks Gain 17.6%, Market Cap Rises N8.7 Trillion
The Nigerian Exchange Limited saw the oil and gas sector lead gains with a 17.59% rise, driven by Aradel, Japaul Gold, and Seplat. Market capitalization increased by N8.67 trillion, with the all-share index up 6.56%.
NGX Market Gains 6.57%, Trading Hours Extended for Liquidity
The Nigerian stock market recorded a significant weekly gain of 6.57%, driven by financial and industrial stocks, while the NGX announced extended trading hours to enhance market efficiency and investor participation.
MTN Hits N825.70 High as Stock Market Extends 9-Day Rally
The Nigerian stock market maintained its bullish momentum for the ninth consecutive session, with MTN Nigeria reaching a new high of N825.70. Market capitalisation surged by N3.39 trillion as 44 stocks gained against 27 decliners.
Petrol Prices May Drop Below ₦1,000 After Strait Reopens
The reopening of the Strait of Hormuz following a Middle East ceasefire is expected to gradually ease petrol prices in Nigeria, potentially bringing them below ₦1,000 per litre, though immediate relief is unlikely.
)
Oil Prices Crash 10% as Strait of Hormuz Reopens, Nigeria May See Fuel Relief
Global oil prices plunged over 10% after Iran reopened the Strait of Hormuz, potentially lowering fuel import costs and easing inflation in Nigeria. Brent crude dropped to $88 per barrel, though uncertainty remains as US blockade persists.
Dangote Refinery Plans Dollar Dividends for Investors
Aliko Dangote plans to list a 10% stake in his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
Top 10 Stocks Driving NGX Rally in April 2026
Nigeria's equities market extended its bullish run in April 2026, with banking, industrial, consumer goods, and energy stocks leading the charge. Discover the top performers and key drivers behind the NGX rally.
Stock Market Hits N136 Trillion, Investors Gain N1.664 Trillion
The Nigerian stock market capitalization surged to N136.436 trillion, delivering N1.664 trillion in gains to investors as large and mid-cap stocks led a broad-based rally.
Seplat Shares Hit N10,450 on NGX as Elumelu Deal Drives Growth
Seplat Energy has become the first company listed on the Nigerian Exchange Limited to exceed N10,000 per share, reaching N10,450. This remarkable rally is driven by Heirs Energies' acquisition of a 20.07% stake from Maurel & Prom, making Tony Elumelu the
Seplat Breaks N10,000 Barrier, Elumelu Stake Fuels NGX Rally
Seplat Energy becomes the first company to close above N10,000 per share on the Nigerian Exchange, driven by Tony Elumelu's strategic investment and strong financial results, adding N2.9 trillion in market cap.
Investors Gain N2.28 Trillion as NGX Market Rallies
The Nigerian Exchange Limited (NGX) saw a massive rally, adding N2.28 trillion in value, with the market capitalisation crossing N134 trillion. Blue-chip stocks like Airtel Africa and MTN Nigeria led the gains.
Niger Delta: $226B Loss from Ogoni Oil Shutdown
Stakeholders in the Niger Delta reveal Nigeria has lost over $226 billion due to the prolonged shutdown of oil operations in Ogoniland since 1993, urging a restart with community involvement and environmental safeguards.
Seplat Breaks N10,000 Barrier in Historic NGX Rally
Seplat Energy Plc becomes the first company in Nigerian Exchange history to close above N10,000 per share, driven by Tony Elumelu's strategic investment and strong financial performance.
Seplat Hits N10,450 Share Price, Investors Gain N2.9 Trillion
Seplat Energy becomes first NGX-listed company to cross N10,000 share price mark, reaching N10,450. Nigerian stock market capitalization hits N132.49 trillion as investors gain N2.9 trillion.
NMDPRA Warns Against Rigid Fuel Spec Harmonisation in Africa
NMDPRA CEO Saidu Mohammed cautions African policymakers against rigid fuel specification harmonisation, advocating a phased approach to reflect diverse regulatory and infrastructure realities across the continent.
Dangote Refinery Prepares $5bn IPO, Africa's Largest
Dangote Petroleum Refinery is preparing to launch Africa's largest IPO, potentially raising $5 billion. The offering could reshape investment flows and boost Nigeria's economy significantly.
CSCS Raises 2026 Fees Sharply for Nigerian Capital Market
The Central Securities Clearing System has overhauled its fee structure for 2026, with OTC trade fees surging 3,233% and custody charges shifting to asset-based pricing, impacting brokers and investors.
Nigerian Stocks Rally, Market Cap Hits N131.6 Trillion
The Nigerian stock market opened the week positively, with market capitalization rising to N131.6 trillion. Gains in key stocks like Nigerian Exchange Group and Trans-Nationwide Express drove the rally, amid strong investor sentiment.
Conglomerates Rally 500% in Three Years on NGX
The Nigerian conglomerate sector has seen a remarkable 511% increase in market capitalization from 2023 to 2026, driven by policy reforms and renewed investor confidence.
NGX Capitalisation Rises N443bn Amid Stock Gains
The Nigerian Exchange Limited saw a positive trading session with market capitalisation increasing by N443 billion, driven by gains in 31 stocks including Guinness Nigeria and Nigerian Breweries.
SEC Freezes Assets of Alleged Terrorism Financiers in Nigeria
Nigeria's SEC has ordered the immediate freezing of assets belonging to 10 individuals and 3 entities linked to terrorism financing, following their designation by the Nigeria Sanctions Committee.
Stock Market Rally Boosts Investor Wealth by N1.36 Trillion
The Nigerian equities market continued its upward trend, with investors gaining N1.36 trillion as blue-chip stocks drove gains. The all-share index rose 1.03% to 203,770.42 points, while market capitalisation increased to N131.17 trillion.
Nigerian Stock Market Gains N707bn as N31.5bn Traded
The Nigerian stock market closed higher with a N707 billion gain, driven by strong performances in banking, consumer goods, and industrial sectors, while over 548 million shares worth N31.5 billion were exchanged.
Niger Delta Leaders Back Tantita Pipeline Security Contract
Traditional rulers and community leaders in the Niger Delta have called for sustained support for Tantita Security Services Limited following a National Assembly vote of confidence. They cite improved security, job creation, and reduced oil theft as key b
Stock Market Gains N389bn as Bullish Streak Continues
The Nigerian equities market extended its bullish run midweek, with investors gaining over N300 billion as market capitalisation rose to N130.404 trillion, driven by strong performances in banking and oil stocks.
Strait of Hormuz: Key to Global Oil Markets Explained
The Strait of Hormuz remains a vital global oil route, with 20% of world supply passing daily. Rising Iran-US-Israel tensions threaten disruptions, as alternative routes have limited capacity compared to this strategic waterway.
Nigeria Regains FTSE Russell Frontier Market Status
FTSE Russell has reclassified Nigeria from 'Unclassified' to 'Frontier Market', effective September 2026, citing improvements in NGX infrastructure, transparency, and investor access.
Page 5 of 12