Market Updates

The Nigerian Exchange Limited closed on a bearish note on Wednesday as selling pressure across major market sectors dragged overall performance downward. The benchmark NGX All-Share Index dropped by 1.05 per cent to close at 242,223.10 points, down from Tuesday’s 244,802.11 points. Similarly, total market capitalisation dipped by N1.65tn to... Read More →

Nigerian Breweries Plc has reported a strengthened financial position in the first half of 2026, emerging debt-free with improved cash generation, positive retained earnings, and a stronger balance sheet following a strategic recovery from previous operational challenges. The Finance Director of the company, Maria Karaseva, disclosed this during an investor... Read More →

The Nigerian equities market reversed Monday’s bullish momentum in dramatic fashion on Tuesday, September 8, 2026, as the benchmark All-Share Index (ASI) declined 1.17% to close at 244,802.11 points, erasing approximately N1.88 trillion in market capitalisation in a single session. The sharp pullback came just one day after the market had... Read More →

Despite N2.15 trillion planned share sale in what is widely considered to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest single shareholding vehicle. Nairametrics analysis of the company’s prospectus for... Read More →

Two Nigerian investment firms, CardinalStone Research and Chapel Hill Denham, have independently valued Dangote Petroleum Refinery and Petrochemicals FZE at between N77.7 trillion and N82.62 trillion, above the N65.22 trillion indicative market capitalisation at which the refinery is expected to list on the Nigerian Exchange (NGX). The comparison follows the... Read More →

Aliko Dangote, Chief Executive Officer of Dangote Group, has said investors can subscribe to the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE with a minimum of 10 ordinary shares, worth N5,250. Dangote disclosed this on Monday during the signing ceremony for the refinery’s IPO at... Read More →