Market Updates

Just eight companies listed on the Nigerian Exchange had market capitalizations of at least $5 billion as of September 2, 2026, with the group commanding a combined valuation of approximately N103.12 trillion ($77.86 billion). The Billion-dollar Mega Caps (BMCs) represent over 60% of the NGX total market capitalization putting them... Read More →

Sterling Financial Holdings Plc and five other companies listed on the Nigerian Exchange (NGX) a combined 14.44 billion additional shares valued at N37.19 billion at their respective offer or conversion prices, following a series of capital-raising and restructuring transactions. The transactions published by the Nigerian Exchange (NGX) in the weekly... Read More →

Wema Bank has become a much bigger and more profitable bank in the past few years, while its shares have rallied sharply. In 2025, it closed at N20.40, gaining over 124% and becoming the best-performing banking stock. By February 2026, it had joined the SWOOT club after its market capitalisation... Read More →

FTSE Russell has included 31 Nigerian companies in its FTSE Frontier Index Series as the country prepares to return to Frontier Market status after a three-year absence from the global index provider’s classification. The global index provider revealed this in its September 2026 review of the Index, seen by Nairametrics.... Read More →

The Nigerian equities market regained its bullish momentum on Thursday, September 3, 2026, as the benchmark NGX All-Share Index (ASI) advanced 0.15% to close at 246,388.22 points, up from 246,019.17 points in the previous session. The market performance was buoyed by strong gains in Seplat Energy and the broader Oil... Read More →

Dangote Cement Plc has announced plans to host a Capital Markets Day in London on 21 September 2026, as part of preparations for its secondary listing on the London Stock Exchange. The company disclosed this in a regulatory filing submitted to the Nigerian Exchange Limited on Wednesday, signed by its... Read More →