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
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,…
Nigeria’s stock market opened the week on an assertive note, adding N1.755tn in a single session as heavyweight banking, cement and insurance counters lifted the benchmark to a fresh record and stretched a rally that has now defined the equities story for most of 2026. At the close of trading on Monday, the All…
Aliko Dangote has all but concluded a $2.5bn private share placement for Dangote Petroleum Refinery and Petrochemicals FZE, clearing the path for what is widely projected to become the largest initial public offering in Africa’s history and one of the boldest tests yet of the continent’s ability to finance its own industrial ambitions from…
The Nigerian stock market has surged to the top of the global equity rankings, delivering the world’s best returns in US dollar terms. The local benchmark index achieved an explosive 67 per cent dollar return, narrowly outperforming South Korea’s Kospi index, which recorded a 66 per cent gain. This unexpected realignment across global bourses follows…
Investors have pumped over N100bn into Nigeria’s insurance sector as the regulatory recapitalisation exercise enters its critical final phase. Current shareholders are aggressively protecting their equity holdings rather than choosing to merge, dilute stakes, or exit the market entirely. Existing financiers are fully absorbing corporate rights issues and backing targeted private placements. This massive capital…
An aggressive wave of profit-taking wiped 5.15 trillion naira off the Nigerian Exchange in just four trading days. The sharp equity contraction marks a brutal start to June for domestic and foreign portfolio investors. Widespread sell-offs targeted previously resilient blue-chip corporations, dragging the market capitalisation down to 155.36 trillion naira. The sudden downturn ended a…
The Nigerian Exchange extended its bearish run as profit-taking in the industrial and insurance sectors dragged performance indicators lower. The All-Share Index dropped by twenty-five basis points to close a subdued trading session. Institutional investors led the retreat by liquidating positions in recently appreciated mid-cap equities. The downturn mirrors growing caution on Broad Street as…
Investors on the Nigerian Exchange added N26.5 trillion to their portfolios in April as the market hit a record valuation of N155.7 trillion. This surge marks a 20 per cent jump in the All-Share Index within a single month. Money is flowing back into the bourse because buyers trust the earnings power of Nigeria’s largest…
The Nigerian Exchange Group (NGX) is minting money for its owners again. At its 65th Annual General Meeting in Lagos, the bourse operator secured approval for a N2.00 per share final dividend and a one-for-three bonus share issue. This payout follows a 2025 financial year that shareholders described as a turning point for the group….
A tiny club of 25 companies now controls nearly the entire Nigerian stock market. These blue-chip giants account for 89.96% of the N155.99 trillion total market value on the Nigerian Exchange. Data from the first four months of 2026 shows a market that is top-heavy and increasingly concentrated. Investors are piling into a few liquid…
