Market Updates

The Nigerian Exchange Limited recorded positive trading activity on Tuesday, as total equity market capitalisation climbed to N164.91tn from N163.16tn recorded on Monday. Correspondingly, the All-Share Index advanced to close at 253,990.06 points, which also represented the highest index point recorded over the five-day trading period from 21 to 27... Read More →

Rand Merchant Bank has officially launched Rand Merchant Advisory (Beijing) Co., Ltd. at the 2026 China–Africa Forum in Beijing to strengthen the China–Africa economic corridor, enhancing its ability to connect Chinese companies, investors, and financial institutions with trade and investment opportunities across Africa. The opening brought together South African government... Read More →

Guaranty Trust Holding Company Plc (GTCO) recorded a 2.32% decline in pre-tax profit to N879.90 billion for the nine months ended September 30, 2026, compared with N900.80 billion in the corresponding period of 2025, as rising funding costs weighed on earnings. According to the company’s unaudited financial results filed with... Read More →

The three non-banking subsidiaries of Guaranty Trust Holding Company Plc (GTCO) recorded a combined profit before tax of N23.88 billion in the nine months ended September 30, 2026, representing a 70% increase from N14.08 billion reported in the corresponding period of 2025. The growth was driven by stronger earnings at... Read More →

Dangote Cement Plc reported a pre-tax profit of N1.47 trillion for the nine months ended September 30, 2026, up 41.5% from N1.04 trillion a year earlier. Profit after tax rose 31.2% to N974.79 billion, with earnings per share at N58.37, up from N43.82. This is according to the company’s unaudited... Read More →

The Nigerian equities market posted notable gains on Monday, driven by impressive advances across major sectoral indices and key blue-chip stock performances. The All-Share Index surged to 251,290.54 points, rising from Friday’s close of 247,222.27 points. Correspondingly, market capitalisation expanded to N163.16tn, up from N160.52tn recorded in the previous trading... Read More →