The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria formally regained its status as a Frontier Market within the FTSE Russell index universe on Monday, 21 September 2026, ending three years in the financial wilderness. The global index provider cleared the promotion after verifying that recent clearing reforms created no operational hurdles for foreign institutional investors. The move pulls Nigerian equities out of…
Nine listed companies on the Nigerian Exchange have wiped out their accounting capital and plunged into negative equity. Financial statements filed at the Customs Street exchange in Lagos on Tuesday, 15 September 2026, show debts exceeding total assets across the group. Accumulated trading deficits and currency losses have eaten away at core shareholder equity. The…
Nigeria’s equities market climbed back above the N160 trillion capitalisation mark on Monday, 7 September 2026, gaining N1.04 trillion in a single trading session as concentrated buying in petroleum stocks masked widespread selling across the broader trading floor. The benchmark All-Share Index rose 707.34 points to settle at 247,699.78 points, lifting total market capitalisation to…
Foreign portfolio investors pulled a net N266.07 billion out of the Nigerian stock exchange during the first seven months of 2026, widening capital flight by 1,073 per cent over three years. Data from Nigerian Exchange Limited shows that offshore money managers sold far more local shares than they bought between January and July. Inbound foreign…
Aliko Dangote formally executed transaction agreements on Monday, 7 September 2026, launching a digital initial public offering that lets ordinary Nigerians buy shares in his mega-refinery for just N5,250. The signing ceremony in Lagos marks the official countdown to the largest equity float in the history of the Nigerian capital market. Under the transaction terms…
Nigeria’s Securities and Exchange Commission approved the initial public offering of Dangote Petroleum Refinery and Petrochemicals on Friday, 4 September 2026, clearing the path for a historic N2.15 trillion capital raise. The corporate regulator cleared the firm to issue 4.1 billion ordinary shares at N525 each, while registering its existing pool of 120.13 billion ordinary…
Nigerian Exchange Group started corporate baseline climate assessments on Friday, 4 September 2026, pushing listed firms to document their actual carbon footprints under its N-Zero initiative. The exercise tests corporate readiness across carbon accounting, emissions risk, and transition planning. Group chief executive Temi Popoola warned company directors that global investors now attach strict green conditions…
The Nigerian equities market gained N1.29 trillion in total market value last week, pushing aggregate capitalisation to N155.83 trillion on the back of fresh sovereign credit rating upgrades. The benchmark All-Share Index climbed 0.81 per cent to close at 241,298.47 points as fund managers poured cash into blue-chip shares. International credit rating agencies upgraded Nigeria’s…
Nigeria’s equities market is entering a more uncertain phase after one of its strongest rallies in years, with investors beginning to cash in on spectacular gains and raising a broader question: is the recent retreat simply a healthy correction, or is it an early warning that the market’s extraordinary momentum is beginning to run out…
Weekly equities turnover on the Nigerian Exchange dropped 10 per cent to N157.76 billion across 186,496 deals in the week ended Friday, 21 August 2026. The dip in weekly liquidity accompanied a 1.35 per cent decline in the benchmark All-Share Index, which closed at 239,351.16 points. Total equity market capitalisation contracted by N2.09 trillion across…