Market Updates

NGX turnover slips to 2.39bn shares in short week The Nigerian capital market ended the week on a resilient note despite a sharp 38 per cent decline in turnover caused by the two-day Eid al-Adha public holidays. Although trading activity across major asset classes was significantly weakened by the break,... Read More →

Nigeria capital market begins shorter settlement cycle The Nigerian capital market on Monday achieved a historic milestone with the successful transition to a T+1 settlement cycle, becoming the first market in Africa to implement the shortened settlement framework designed to enhance efficiency, reduce risk, and improve global competitiveness. Speaking at... Read More →

Shareholders of VFD Group Approve N0.25 Dividend Per Share The shareholders of VFD Group Plc at its 10th Annual General Meeting (AGM) in Lagos approved the management’s N0.25 dividend per  share for the financial year ended December 31, 2025. The meeting with a theme: “Level Up: Positioned for What’s Next,” brought together... Read More →

Analysts: Stock Market Sentiment to Remain Broadly Cautious in June Capital market analysts have urged investors to trade cautiously in the Nigerian equities market  in June 2026, shifting focus to fundamentally strong stocks with attractive valuations. This is coming at a point when the NGX All Share Index gained 3.35... Read More →

Zichis Eyes Additional N540m Monthly Earning, Animal Feed Capacity Appreciates Zichis Agro-Allied Industries Plc is ramping up production capacity and expanding its land bank, with the company’s animal feed production scaling up to five tonnes per hour, raking in additional N540 million in monthly revenue. According to the Executive Director,... Read More →

Amid Excess Liquidity, Banks Deposit with CBN Drops to N91.1trn Following excess liquidity in the financial sector, banks’ deposit with the Central Bank of Nigeria (CBN) stood at N91.1 trillion in May 2026, about 0.4 per cent decline from N92.32 trillion in April 2026. Banks deposit excess cash with CBN using... Read More →