Market Updates

The Nigerian Exchange Limited (NGX) reversed its brief upward traction on Wednesday, returning to negative territory as N515.95 billion was wiped out of equities market capitalisation. The main benchmark All-Share Index (ASI) shed 794.64 points or 0.32%, closing at 245,116.49 points compared to 245,911.13 points recorded on Tuesday. Total market... Read More →

AVA Capital Plc reported profit before tax of N2.63 billion for the nine months ended September 30, 2026, as client investment funds rose to N77.79 billion following the expansion of its asset management business. The financial services group recorded revenue of N5.87 billion during the period, alongside profit after tax... Read More →

Guinness Nigeria Plc has released its unaudited third quarter (Q3) 2026 financial results, reporting a pre-tax profit of N61.65 billion for the nine months ended September 2026. The results filed with the Nigerian Exchange (NGX) on Wednesday, October 21, represents a 55.34% year-on-year (YoY) increase from N39.69 billion in the... 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 →

Equity trading on the Nigerian Exchange Limited rebounded on Tuesday, as renewed buying interest in industrial, consumer goods, and select banking stocks pushed the main indicators back into positive territory. The All-Share Index gained 632.79 points or 0.26 per cent to close at 245,911.13 basis points, up from 245,278.34 basis... Read More →

Nigeria’s annual-average inflation is projected to decline significantly to 15.6 per cent in 2026 before easing further to 14.7 per cent in 2027, according to the latest economic assessment by the International Monetary Fund. This expected slowdown marks a noticeable deceleration from the elevated 23.0 per cent average inflation recorded... Read More →