Market Updates

Analysts: Trade surplus to narrow as oil prices moderate

Date11 Sep 2026

Comment0

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...

NGX sheds N1.67 trillion as sell-off deepens across sectors

Date10 Sep 2026

Comment0

The Nigerian equities market remained under pressure for a second straight session on Wednesday, September 9, 2026, as the benchmark All-Share Index (ASI) declined 1.05% to close at 242,223.10 points, erasing approximately N1.67 trillion in market capitalisation. The pullback, triggered by a massive sell-off in heavyweight stocks including BUA Cement,...

N Seven Nigeria buys N145.6m extra stake in Guinness

Date10 Sep 2026

Comment0

N Seven Nigeria Limited, the majority shareholder of Guinness Nigeria Plc, has further consolidated its equity position in the beverage giant through the acquisition of additional ordinary shares valued at N145.62m. According to an official share dealing notification submitted to the Nigerian Exchange Limited on Monday, the company secretary, Abimbola Ajibola-Jimoh,...

Firm offers SMEs N100m loan, targets growth

Date10 Sep 2026

Comment0

Fast-growing Nigerian financial technology platform, FinStore, has announced that small and medium-sized enterprises using its platform can now access loans of up to N100m to drive business expansion across the country. The Co-founder of FinStore, Ayomide Olupitan, disclosed this during an interaction with journalists on Monday, noting that the firm...

PAC Holdings targets growth, marks 20th anniversary

Date10 Sep 2026

Comment0

PanAfrican Capital Holdings Limited has unveiled a renewed vision to drive Africa’s economic growth as it celebrates its 20th anniversary. The milestone was commemorated at a media parley in Lagos, where the group’s leadership reflected on its evolution and outlined strategic ambitions for the continent’s development. Founded in 2006 through...

Coronation expects NGX rally to extend on FTSE upgrade

Date10 Sep 2026

Comment0

The Nigerian equities market sustained its upward momentum as investor sentiment remained firmly bullish, driven by expectations surrounding the market’s formal return to international benchmark indices. The benchmark Nigerian Exchange Limited All-Share Index advanced by 2.36 per cent week-on-week to close at 246,992.42 points, extending the local bourse’s year-to-date return...

Popular Posts