Market Updates

The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the initial public offering of Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, describing it as a landmark development for Nigeria’s capital market. The public offer is scheduled to open today, Monday, 14 September,... Read More →

The Nigerian equities market kicked off the week on a bullish note on Monday, as gains recorded in Nestle Nigeria Plc and 19 other stocks pushed the total market capitalisation up by N160bn. The All-Share Index rose by 246.50 basis points or 0.10 per cent to close at 243,299.24 points,... Read More →

Nigeria’s largest listed companies continue to rely heavily on bank loans and other direct borrowings despite the rapid growth of commercial papers and other debt securities as alternative sources of corporate funding. A Nairametrics review of 19 of the largest companies in the NGX 30 shows that they had combined... Read More →

Nigeria’s largest listed companies are led by executives who have spent varying lengths of time at the helm, with some CEOs and managing directors staying in their positions for more than a decade and, in one case, about 25 years. The Nigerian Exchange (NGX) 30 is an index that tracks... Read More →

The Dangote Petroleum Refinery and Petrochemical initial public offering (IPO) has triggered an unprecedented digital race among Nigerian stockbrokers, banks and fintech companies seeking to participate in what could become the country’s largest retail-driven share sale. Sources familiar with the transaction told Nairametrics that the unusually large number of participating... Read More →

Nigeria’s record merchandise trade surplus is expected to narrow over the second half of 2026 as global crude oil prices pull back from their recent peaks, according to economic analysts at Coronation Asset Management. This was contained in the firm’s Q2 2026 Trade Statistics Report following data released by the... Read More →