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
The Nigerian equities market closed the past week lower as profit-taking intensified, with share prices of 55 companies falling against gains in only 20 stocks on the Nigerian Exchange Limited. Market capitalisation dropped by more than N206 billion to settle at N160.519 trillion, from N160.725 trillion the previous week. The All-Share Index also eased to…
Nigeria’s capital market regulator, the Securities and Exchange Commission, has cleared the procedural pathway for the Dangote Petroleum Refinery to offer 4.1 billion ordinary shares at N525 each. The transaction, expected to yield gross proceeds exceeding N2.1 trillion on the Nigerian Exchange, marks the largest equity flotation in African capital market history. Order books…
The official launch of the public offering for Dangote Petroleum Refinery and Petrochemicals represents an unprecedented event in African financial history. Following regulatory clearance from the Securities and Exchange Commission (SEC), the industrial complex at Lekki opened subscription books for 4.1 billion ordinary shares priced at ₦525 each, aiming to raise ₦2.15 trillion from the…
The Nigerian equities market extended its bullish run on Tuesday, 1 September 2026, adding N1.22 trillion to investors’ wealth as strong buying interest across key sectors pushed the benchmark index higher. The NGX All-Share Index rose by 0.77 per cent, or 1,883.24 points, to close at 246,082.63 points. This lifted the year-to-date return to…
Nigeria’s premier fast-moving consumer goods manufacturers and industrial conglomerates have made an aggressive retreat from commercial banking halls, turning instead to domestic debt markets on the Nigerian Exchange (NGX) and FMDQ Securities Exchange. As a result of maximum lending rates exceeding 30 percent due to relentless monetary policy tightening by the Central Bank of Nigeria…
Nigeria’s equities market has pulled back from the record highs it set earlier in August, as investors lock in gains from one of the strongest rallies the Nigerian Exchange has recorded in years. Even after a run of losing sessions, however, the market remains far ahead of where it started the year, leaving analysts…
The Nigerian Exchange Limited (NGX) closed lower on Monday, extending a bearish run that has now wiped value off the local bourse for a second consecutive session, as investors continued to offload banking and insurance stocks. The All-Share Index (ASI) shed 0.07 per cent to close at 242,454.65 points, down from 242,619.20 points at…
Trading data released by the Nigerian Exchange Limited (NGX) for the week of 3 to 7 August 2026 shows that a small cluster of stockbroking firms continues to control the bulk of activity on the bourse, a pattern that mirrors the broader concentration already visible across Nigeria’s equities market this year. According to the…
Local capital now dictates the rhythm of the Nigerian Exchange. Nigerian investors traded equities worth N17.7tn over eighteen months, seizing firm control of local trading floors. Domestic buyers accounted for N82 of every N100 traded between January 2025 and June 2026. Total equity trading reached N21.5tn during this period. Foreign traders managed only N3.8tn…
Renewed profit taking swept through the Nigerian Exchange on Wednesday, erasing about N648bn from the value of listed equities and halting the brief recovery that had lifted the market only a day earlier. The benchmark All Share Index shed 0.41 per cent to close at 246,980.17 points, down from 247,984.55 points at the open,…