Market Updates

SpaceX reported a 161% year-on-year increase in third-quarter revenue to $14.58 billion on Tuesday, up from $5.58 billion in the same period of 2025, beating analysts’ estimates as growth in its artificial intelligence (AI) business and Starlink satellite internet unit boosted performance. The company’s revenue for the three months ended... Read More →

LASACO Assurance Plc has returned to profit, reporting Group pre-tax earnings of N1.60 billion for the nine months ended September 30, 2026, compared with a N4.72 billion loss in the corresponding period of 2025. Its unaudited consolidated financial statements show that the recovery was driven mainly by lower insurance service... Read More →

Nigeria has unveiled a 10-year capital market roadmap aimed at mobilising domestic and foreign investment, expanding private-sector access to financing and supporting its ambition to build a $1tn economy by 2030. The Nigeria Capital Market Masterplan 2.0, covering 2026 to 2036, was launched alongside a National Savings Plan in Abuja... Read More →

Bearish sentiments dominated trading on the Nigerian Exchange Limited (NGX) on Monday, October 19, 2026, as market capitalisation plummeted by N1.47 trillion (0.91%) to close at N159.26 trillion, down from N160.73 trillion recorded at the close of trading on Friday. The benchmark All-Share Index (ASI) surrendered 2,261.39 points, falling 0.91%... Read More →

Nigeria has unveiled a 10-year capital market development roadmap targeting N750 trillion in market capitalisation by 2036, while Finance Minister Taiwo Oyedele has proposed a more ambitious $1 trillion target within the same period. Vice President Kashim Shettima unveiled the Nigerian Capital Market Master Plan 2.0 at the National Capital... Read More →

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has maintained that key government assets, such as the Nigerian National Petroleum Company Limited (NNPC Ltd) and Nigeria LNG Limited (NLNG), must be listed to boost transparency and wealth creation. Oyedele disclosed this on Monday at the National... Read More →