Market Updates

Cadbury shares slide 10% on Awosika exit Cadbury Nigeria Plc shares sank 10% following announcement of the resignation of its director, Ibukun Awosika from the board. The company disclosed this in a notice to the Nigerian Exchange Limited and the investing public on Wednesday, in a statement signed by the... Read More →

Naira weakens to N1,383/$ amid further reserves drop in April 2026 The naira extended its decline on Tuesday, closing at N1,383 per US dollar as renewed pressure in the foreign exchange market coincided with a further dip in Nigeria’s external reserves. This is according to data on the Central Bank... Read More →

Subscription to FGN Bond Hits N6.8trn in Four Months on Investors’ Confidence Amid moderate yields, total subscription to FGN bonds in the first four months of 2026 surged to N6.8 trillion, representing about  87 per cent increase when compared to N3.7 trillion in the first four months of 2025.  The FGN... Read More →

Firm unveils phone for capital market access Nigeria’s Egoras Technologies is preparing to launch a business-focused smartphone designed to give small and medium-sized enterprises direct access to capital markets, in a move that could reshape how companies raise funds in Africa’s largest economy. The device, known as the Cube Phone,... Read More →

Stocks rally lifts market by N3.2tn The Nigerian stock market staged a recovery during Tuesday’s trading session as the overall market capitalisation advanced by N3.204tn to cross the N147tn threshold. This rebound effectively reversed previous losses and restored a bullish sentiment across the floor of the Nigerian Exchange. The All-Share... Read More →

Nigeria, Ghana lead African small-cap rally African equities markets have entered a transformative phase in 2026, with small-cap stocks emerging as the primary engine of growth across the continent’s frontier bourses. Data obtained by The PUNCH from Kenya Wall Street on Sunday reveals a historic rally characterised by triple-digit gains, particularly within... Read More →