Market Updates

May & Baker Nigeria Plc reported a profit before tax of N8.92 billion for the nine months ended September 2026, representing an increase of 81.5% from N4.92 billion in the corresponding period of 2025. In the third quarter, pre-tax profit rose to N4.07 billion from N1.70 billion a year earlier.... Read More →

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N800 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 28, 2026, as banks’ placements at the CBN’s Standing Deposit Facility (SDF) reached N6.98 trillion on Tuesday, October 27. This is according to the... Read More →

The Nigerian equities market reversed recent gains on Wednesday, October 28, 2026, erasing N718.95 billion in equity market value. At the close of trading on the Nigerian Exchange Limited (NGX), the total equities market capitalisation dropped by 0.44% to settle at N164.19 trillion, down from N164.91 trillion recorded on Tuesday,... Read More →

Sterling Financial Holdings Company Plc reported a pre-tax profit of N97.28 billion in its unaudited financial results for the nine months ended 30 September 2026, representing an increase of 37.09% from N70.96 billion recorded in the corresponding period of 2025. The growth in profitability was supported by a 33.15% increase... Read More →

Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of N1.01 trillion for the nine months ended September 30, 2026, representing a marginal decline of 0.41% from N1.015 trillion in the corresponding period of 2025. The unaudited financial statements filed with the Nigerian Exchange (NGX) on Tuesday, October 27, shows that... Read More →

Nigerian Exchange Group Plc has reported profit before tax of N20.6bn for the nine months ended 30 September 2026, up 83.3 per cent from N11.2bn in the same period of 2025. Profit after tax rose 86.4 per cent to N14.7bn, already 40 per cent above the Group’s full-year 2025 profit... Read More →