Market Updates

The Nigerian capital market is at a pivotal juncture with the Dangote Refinery IPO, amidst a bullish trend across the Nigerian Exchange (NGX). Nigeria’s equities extended gains for a fourth successive session as NGX All-Share Index appreciated by 244,304.51 points. The NGX posted an increased market capitalization of about N652... Read More →

The Nigerian Exchange (NGX) recorded a total turnover of 662.35 million shares on Wednesday, September 16, 2026, as investors maintained strong activity across banking, insurance and financial services stocks. Total equity transactions stood at 63,167 deals during the trading session. The sustained buying interest helped lift the market capitalization of... Read More →

Legend Internet Plc reported a pre-tax profit of N13.21 million for the 12 months ended July 31, 2026, down 92.35% from N172.66 million in the prior year, largely driven by nearly nine-fold growth in administrative expenses and a more than tenfold surge in finance costs. According to the company’s financial... Read More →

Two of Nigeria’s leading corporate law firms have extended their long-running relationship with the Dangote Group after securing key legal roles in the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. According to Nairametrics’ review of the IPO prospectus, Banwo & Ighodalo and Olaniwun Ajayi LP, which... Read More →

Nigerian banking stocks have rallied strongly in 2026, adding more than N11 trillion in market value in less than nine months. However, several of the country’s largest banks still trade below the valuations of comparable African lenders, with some below book value and at relatively low price-to-earnings multiples despite strong... Read More →

Trading on the Nigerian Exchange (NGX) closed higher on Tuesday, September 15, 2026, with the All-Share Index (ASI) rising by 1,005.27 points 0.41% just as the market capitalisation increased by N650 billion to close at N158.4 trillion, up from N157.75 trillion in the previous session, representing a 0.41% increase. The NGX... Read More →