Market Updates

Elumelu’s Seplat investment doubles to over $1bn Tony Elumelu’s investment in Seplat Energy has more than doubled in value, with his Heirs Holdings stake now worth over $1bn. Heirs Holdings bought a 20.07 per cent stake in Seplat, representing about 120.4m shares, from French energy company Maurel & Prom in... Read More →

Geregu Power pays 8th coupon on N40.1bn bond Geregu Power Plc has paid the eighth coupon and part of the principal due under its N40.085bn Series 1 Fixed Rate Bond. The company disclosed the payment in a statement to the Nigerian Exchange Limited and the investing public on Thursday. According... Read More →

GTCO secures NGX extension for H1 2026 results Guaranty Trust Holding Company Plc has secured an extension from the Nigerian Exchange Limited to delay the publication of its half-year audited financial statements for the period ended 30 June 2026. Although the financial results were approved by the group’s Board of... Read More →

NGX extends decline on energy, insurance sell-off The Nigerian equities market extended its downward trajectory on Wednesday as profit-taking in high-priced energy and insurance equities dragged key market indicators lower. Negative sentiment dominated trading sessions across major sectors on the Nigerian Exchange Limited, driving the benchmark All-Share Index below the... Read More →

Mr Eazi eyes NGX listing, inspired by Dangote, Otedola Musician-turned-entrepreneur Oluwatosin Ajibade, popularly known as Mr Eazi, has joined the growing wave of market optimism, disclosing in an exclusive interview with Nairametrics on Wednesday that he plans to tap into Nigeria’s domestic capital market, inspired by Alhaji Aliko Dangote and... Read More →

Dollar demand falls 35% as naira holds firm Demand for foreign exchange by end-users in Nigeria fell by 35.23 per cent to $3.42bn in April 2026, easing pressure on the dollar market as the naira recorded modest gains. Data from the Central Bank of Nigeria showed that foreign exchange utilisation... Read More →