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The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday as renewed buying interest drove capital appreciation. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points. Similarly, the total market capitalisation of listed equities rose by N1.64tn to settle at…
A massive wave of profit-taking has punctured the long-running rally on the Nigerian Exchange. Investors looking to lock in recent gains wiped N5.15 trillion off the total market capitalisation in just the first four trading days of June 2026. The key market index dropped by 3.2 per cent to close at 242,227.31 basis points. This…
The Nigerian Exchange Group is positioning the upcoming initial public offering of the Dangote Petroleum Refinery as a continental investment opportunity rather than a local affair. Group Chairman Umaru Kwairanga disclosed the cross-border listing strategy on Friday at the London Africa Summit. To broaden institutional participation, the exchange has already commenced formal engagements with multiple…
The three publicly traded entities owned by Aliko Dangote grew their combined net profit by 52.3 percent during the first quarter of 2026. Financial statements submitted to the Nigerian Exchange Group show that Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries generated N161.43 billion in profit after tax. This corporate surge follows a combined…
Nigerian stocks extended their upward trajectory in May as corporate earnings reports triggered a fresh wave of domestic buying. Data from the Nigerian Exchange Limited showed equity investors accumulated over N4.514 trillion in capital gains during the month. The market also staged a swift recovery from its late-May wobble. It reclaimed N431 billion in total…
Nigeria’s capital market regulator, NGX Regulation Limited, has facilitated the recovery of more than N500 million for shareholders following the resolution of multiple complaints involving market operators, according to statements from the organization. The independent regulatory arm of the Nigerian Exchange Group announced its most significant breakthrough earlier this year when it secured the…
