AXA launches pan-African initiative to deepen insurance protection
AXA Mansard has launched its maiden pan-African brand campaign in Nigeria, introducing a strategic movement tagged ‘Culture of Care’ aimed at reigniting shared societal values around community support and protection. The initiative seeks to celebrate everyday caregivers across the continent... Read More →
NGX hits N159.9 trillion market cap as turnover hits 1.1 billion shares
The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, September 17, 2026, with investors gaining approximately N1.18 trillion as the market capitalization of listed equities rose to N159.9 trillion from N158.71 trillion recorded in the previous trading session. Investors... Read More →
Airtel Money plans to cut IPO target by up to 60%, targets $800 million
Airtel Africa Plc is considering cutting the amount it plans to raise from the initial public offering (IPO) of its mobile money business, Airtel Money, by as much as 60% to at least $800 million, according to people familiar with... Read More →
Tony Elumelu’s stake in Seplat added N311.5 billion in two weeks, now worth N1.79 trillion
The value of Tony O. Elumelu’s stake in Seplat Energy Plc has increased by approximately N311.5 billion in just over two weeks, following a sharp rise in the energy company’s share price on the Nigerian Exchange Limited (NGX). Elumelu’s stake,... Read More →
Nigerian Blue-Chip stocks hold sway amid Dangote’s refinery IPO
The Nigerian capital market is at a pivotal juncture with the Dangote Refinery IPO, amidst a bullish trend across the Nigerian Exchange (NGX). Nigeria’s equities extended gains for a fourth successive session as NGX All-Share Index appreciated by 244,304.51 points.... Read More →
Sterling, AIICO, Fidelity lead volume as NGX gains N315 billion
The Nigerian Exchange (NGX) recorded a total turnover of 662.35 million shares on Wednesday, September 16, 2026, as investors maintained strong activity across banking, insurance and financial services stocks. Total equity transactions stood at 63,167 deals during the trading session.... Read More →
Legend Internet’s FY2026 profit falls 91% as N672 million asset-gain masks operating loss
Legend Internet Plc reported a pre-tax profit of N13.21 million for the 12 months ended July 31, 2026, down 92.35% from N172.66 million in the prior year, largely driven by nearly nine-fold growth in administrative expenses and a more than... Read More →
Dangote extends relationship as Banwo & Ighodalo, Olaniwun Ajayi headline IPO
Two of Nigeria’s leading corporate law firms have extended their long-running relationship with the Dangote Group after securing key legal roles in the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. According to Nairametrics’ review of the... Read More →
Nigerian banks trade at discount to African peers despite 68% surge
Nigerian banking stocks have rallied strongly in 2026, adding more than N11 trillion in market value in less than nine months. However, several of the country’s largest banks still trade below the valuations of comparable African lenders, with some below... Read More →
Nigerian equities gain N650 billion as market cap hits N158 trillion
Trading on the Nigerian Exchange (NGX) closed higher on Tuesday, September 15, 2026, with the All-Share Index (ASI) rising by 1,005.27 points 0.41% just as the market capitalisation increased by N650 billion to close at N158.4 trillion, up from N157.75 trillion... Read More →









