Market Updates

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 →

Widespread sell pressure dominated the Nigerian Exchange as 80 equities closed lower against just nine gainers. The index pullback pushed total turnover down to 3.647 billion shares worth N130.151bn, with the Financial Services industry continuing to anchor overall trading volume, JIDE AJIA writes The Nigerian Exchange Limited closed the trading week on... Read More →

The Nigerian Exchange (NGX) postponed the scheduled August launch of its new pricing methodology as market participants called for more time to absorb the impact of recent reforms, particularly the transition to T+1 settlement cycle, while investors prepare for the Dangote Refinery’s planned N2.15 trillion initial public offering (IPO). Nairametrics learnt that... Read More →

The Nigerian equities market snapped a two-day losing streak on Thursday, September 10, 2026, as the benchmark All-Share Index (ASI) rose modestly by 0.06% to close at 242,378.13 points, adding approximately N100 billion to market capitalisation. The rebound, driven by price appreciation in Seplat Energy, Transcorp Plc, GTCO, AccessCorp and... Read More →

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 →