Market Updates

Nigerian companies are reporting record naira profits recently, especially in H1 2026, but the more revealing question is whether those earnings have recovered to pre-2023 levels when measured in dollars. That question has become increasingly important following Nigeria’s foreign exchange reforms in 2023. In June 2023, the Central Bank of Nigeria... Read More →

Dangote Cement Plc, Sub-Saharan Africa’s largest cement producer, has formally notified the Nigerian Exchange Limited and the investing public of a recent insider share transaction. The regulatory disclosure, titled “NOTIFICATION OF SHARE DEALING BY INSIDERS,” was filed on the bourse as part of statutory governance requirements designed to enforce market... Read More →

The Nigerian equities market closed on a bullish note on Thursday, driven by high-volume trading in the financial services and insurance sectors, which pushed total turnover across all boards to 1.39bn shares. Trading data showed that investors exchanged 1,399,109,855 shares in 46,153 deals, leaving aggregate market capitalisation at N142.17tn. Overall... Read More →

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... Read More →

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,... Read More →

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,... Read More →