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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…
The Nigerian Exchange added more than N10 trillion to its market value this week as investors chased industrial and consumer stocks. Total market capitalisation climbed to N155.994 trillion despite the trading floor closing on Wednesday for the Workers’ Day holiday. The All-Share Index rose by 7.33 per cent to close at 242,277.81 points. This surge…
Nigeria’s equity market grew by N1.4 trillion last week as institutional demand for blue-chip stocks remained high. The total value of listed companies on the Nigerian Exchange reached N131.17 trillion by Friday. This rally pushed the All Share Index up by 1% to cross the 200,000-point milestone. Large-cap stocks in the banking and industrial sectors…
FTSE Russell has returned Nigeria to its Frontier Market index, ending the country’s three-year stint in the investment wilderness. The global index provider announced the upgrade in its March 2026 review, moving Nigeria out of the “Unclassified” category it has occupied since September 2023. This reclassification takes effect on 21 September 2026, coinciding with the…
The Nigerian Exchange recorded an unprecedented milestone yesterday as the all-share index breached the 200,000-point threshold for the first time in the market’s history, driven by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.3 points in the previous…
