Market Updates

Rand Merchant Bank Nigeria has acted as Joint Issuing House on the issuance of the Bank of Industry’s inaugural domestic Naira-denominated N274.18bn five-year fixed-rate bond due 2031, marking the largest debt capital markets issuance by a Development Finance Institution in Nigeria. The transaction was oversubscribed after the BOI initially sought... Read More →

Presco Plc has approved a final dividend of N14.66 per 50 kobo ordinary share for the financial year ended December 31, 2025, bringing its total dividend payout for the year to N44.66 per share. The decision was ratified by shareholders at the agro-industrial company’s 33rd Annual General Meeting on Tuesday... Read More →

Creditville Nigeria Limited has expanded its stake in Chams Holding Company Plc through the acquisition of 500,000 ordinary shares valued at N1.71m. The development was disclosed in an official corporate notification released to the Nigerian Exchange Limited and signed by the Company Secretary, Oluwaseun Osuji, under the corporate mandate of... Read More →

FirstBank Nigeria Limited and the University of Lagos have reaffirmed their joint commitment to driving academic research, ethical leadership, and structured support for small and medium-sized enterprises across the country. The institutions demonstrated this partnership at the FirstBank Samuel Asabia Professorial Chair in Business Ethics Public Lecture, held recently at... Read More →

Trading activity in the Nigerian foreign exchange market experienced a significant surge during the business week ending September 11, 2026, driven by strong growth in both spot transactions and foreign exchange derivatives. Data released by the FMDQ Securities Exchange showed a substantial rebound in overall liquidity, offering a positive signal... Read More →

Investors poured a whopping N1.5 trillion into the Dangote Petroleum Refinery and Petrochemicals (DPRP) Initial Public Offering (IPO) within first hour after the offer opened on Monday, September 14, 2026, on the Nigerian Exchange (NGX), signalling strong institutional and retail demand for what is set to become Africa’s largest public... Read More →