Bearish sentiment wipes N3.28tn off NGX market value
Trading on the Nigerian Exchange Limited closed on a bearish note on Thursday, as equity market capitalisation dropped by N3.28tn to close at N162.13tn. The benchmark NGX All-Share Index dropped 1.98 per cent to close at 249,710.59 points, down from... Read More →
CBN withdraws N3.46tn through OMO, T-bills
Nigeria’s Central Bank absorbed N3.46tn from the financial system through its latest Open Market Operations and Treasury bills auctions, as investors submitted more than twice the amount offered despite unchanged T-bill stop rates. The auctions, conducted on 3 and 4... Read More →
Continental Reinsurance strengthens IPO proposition with shareholder commitment
Continental Reinsurance Holdings Limited has announced a strengthened investment proposition ahead of its planned listing on the Botswana Stock Exchange, following the approval of its Supplementary Prospectus by the BSE. The Supplementary Prospectus confirms that the promoter-controlled existing shareholder vehicle,... Read More →
CIBN unveils MSME Forum, targets finance hubs
The Chartered Institute of Bankers of Nigeria has called for stronger collaboration among banks, government, regulators, development finance institutions and private investors to ensure that the N4.65tn raised through Nigeria’s banking sector recapitalisation translates into productive investment, industrial expansion and business growth.... Read More →
NGX plunges N3.28 trillion as Dangote Cement, Presco, UACN, HBM Nigeria, Tier 1 banks fall
The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower. Dangote Cement and Presco each fell... Read More →
GTCO: Buy, Sell or Hold?
Investors pay a premium for a fortress, and Guaranty Trust Holding Company has earned one. Customer loans are just 22% of deposits. The capital ratio was 34.9% in June, more than twice the regulatory minimum. Its return on equity, about... Read More →
Airtel Africa fixes N1,347.44/$ rate for interim dividend, implying N41.77 per share for NGX holders
Airtel Africa Plc has fixed an exchange rate of N1,347.44 per Dollar for its 3.1 US Cents-per-share interim dividend, translating to approximately N41.77 per share for Nigerian Exchange (NGX) shareholders who receive payment in Naira. The rate was disclosed in... Read More →