Fit Row

NGX suffers N1.14tn loss on major stock sell-offs Sell-offs in bellwether stocks, including BUA Foods Plc, MTN Nigeria Communications Plc and Stanbic IBTC Holdings Plc, weighed heavily on the Nigerian equities market on Tuesday, erasing about N1.14tn in investor value... Read More →

Recapitalisation: Banks raise N4tn ahead of March deadline Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this on... Read More →

NGX Issues Advisory on Zichs Agro, Others over Price Movements NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, yesterday issued an advisory to the investing public in response to notable price movements observed in the... Read More →

Oando to allocate over 600 million shares Oando Plc has announced plans to proceed with the second tranche of its share distribution programme, with more than 600 million shares set to be allocated to eligible investors under a phased shareholder... Read More →

US capital inflows to Nigeria jump 566% to $2.23bn Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, findings by The PUNCH have shown. This figure represents a 566.02 per cent surge... Read More →

Investors gain N1.7tn as banking, industrial shares surge Investors gained approximately N1.70 trillion at the close of Thursday’s trading, as broad-based sectoral advances lifted equities and pushed the benchmark index to a fresh weekly high on the Nigerian Exchange Limited.... Read More →

Naira hits two-year high at 1,347/$ The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year,... Read More →

NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance Nigerian Exchange Limited has listed its first Commercial Paper by admitting Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500bn Commercial Paper Issuance Programme. In a statement... Read More →

Oando to raise N220.79bn via rights issue Oando Plc has formally submitted an application to the Nigerian Exchange Limited seeking approval to list a rights issue of 4,415,867,342 new ordinary shares as part of a capital-raising initiative that would generate... Read More →

FX for business travels soar by 366% to $672m More Nigerians gained access to foreign exchange, boosting their spending on business travels by 366 per cent to $672.27m in the first nine months of 2025, up from $144.19m recorded in... Read More →