Market Updates

Lagos State Governor, Mr Babajide Sanwo-Olu, has pledged support for the Chartered Institute of Stockbrokers as the institute works towards establishing a N5bn endowment fund to strengthen professional training and capacity development in Nigeria’s capital market. Sanwo-Olu gave the assurance when the institute’s President and Chairman of Council, Dr Fiona... Read More →

Transnational Corporation Plc (Transcorp) reported a pre-tax profit of N111.39 billion for the nine months ended September 30, 2026, representing a 10.54% decline from N124.52 billion recorded in the corresponding period of 2025. According to its unaudited financial statements, profit after tax also declined by 17.85% to N75.09 billion from... Read More →

United Capital Plc recorded a 66.24% increase in pre-tax profit to N41.58 billion for the nine months ended September 2026, compared with N25.01 billion in the corresponding period of 2025, driven largely by a surge in investment income. This is according to the company’s unaudited consolidated financial statements filed with... Read More →

Dangote Petroleum Refinery and Petrochemicals FZE has reportedly enough commitments from Nigerian and retail investors to meet its initial public offering (IPO) fundraising target, with investors from 119 countries applying for shares in the company.  This is according to a Bloomberg report citing people familiar with the matter, who disclosed... Read More →

Domestic investors traded N13.52 trillion worth of equities on the Nigerian Exchange (NGX) in the first nine months of 2026, exceeding the N9.27 trillion recorded throughout 2025 by N4.24 trillion, or 45.73%. This is according to the NGX Domestic and Foreign Portfolio Investment Report for September 2026, which showed that... Read More →

TotalEnergies Marketing Nigeria Plc returned to profitability in the nine months ended September 30, 2026, reporting a pre-tax profit of N8.02 billion against a loss of N11.92 billion in the corresponding period of 2025, as finance costs declined by 40.13%. However, its standalone third-quarter pre-tax profit of N1.31 billion was... Read More →