Coronation expects NGX rally to extend on FTSE upgrade
The Nigerian equities market sustained its upward momentum as investor sentiment remained firmly bullish, driven by expectations surrounding the market’s formal return to international benchmark indices. The benchmark Nigerian Exchange Limited All-Share Index advanced by 2.36 per cent week-on-week to... Read More →
NGX loses N1.65tn as index drops below 242,223 points
The Nigerian Exchange Limited closed on a bearish note on Wednesday as selling pressure across major market sectors dragged overall performance downward. The benchmark NGX All-Share Index dropped by 1.05 per cent to close at 242,223.10 points, down from Tuesday’s... Read More →
NB posts N1tn net revenue in H1, clears debt
Nigerian Breweries Plc has reported a strengthened financial position in the first half of 2026, emerging debt-free with improved cash generation, positive retained earnings, and a stronger balance sheet following a strategic recovery from previous operational challenges. The Finance Director... Read More →
Nigerian equities swing to N1.88 trillion losses ahead of Dangote Refinery IPO
The Nigerian equities market reversed Monday’s bullish momentum in dramatic fashion on Tuesday, September 8, 2026, as the benchmark All-Share Index (ASI) declined 1.17% to close at 244,802.11 points, erasing approximately N1.88 trillion in market capitalisation in a single session.... Read More →
Dangote to retain 84.34% control of Refinery after planned N2.15 trillion IPO, Prospectus shows
Despite N2.15 trillion planned share sale in what is widely considered to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest... Read More →
Dangote Refinery valued at N77.7 trillion–N82.6 trillion ahead of IPO
Two Nigerian investment firms, CardinalStone Research and Chapel Hill Denham, have independently valued Dangote Petroleum Refinery and Petrochemicals FZE at between N77.7 trillion and N82.62 trillion, above the N65.22 trillion indicative market capitalisation at which the refinery is expected to... Read More →
Dangote Refinery sets N5,250 minimum subscription for IPO
Aliko Dangote, Chief Executive Officer of Dangote Group, has said investors can subscribe to the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE with a minimum of 10 ordinary shares, worth N5,250. Dangote disclosed this on... Read More →
How many Dangote Cement shares do you need for N10 million annual dividends?
What would it take to earn N10 million from Dangote Cement dividends for the 2026 financial year? Using the company’s 2025 financial year dividend of N45 per share, the answer is about 222,223 shares. At the current share price of... Read More →
NGX crosses N160 trillion again as market moves to reclaim August 10 highs
The Nigerian equities market extended its bullish trajectory on Monday, September 8, 2026, reclaiming the historic N160 trillion market capitalisation threshold for the first time since Monday, August 10, when the market first crossed that mark before a sharp two-week... Read More →
International Breweries, Zichis Agro top gainers in mixed trading
Trading on the Nigerian Exchange Limited ended on a mixed note for the equities market on Monday, as buying interest in select brewing, telecom, and energy stocks countered selling pressure in banking and insurance counters. Total equity transactions recorded 52,199... Read More →