Market Updates

Oando to allocate over 600 million shares Oando Plc has announced plans to proceed with the second tranche of its share distribution programme, with more than 600 million shares set to be allocated to eligible investors under a phased shareholder reward initiative. In a corporate disclosure on Thursday, the company... Read More →

US capital inflows to Nigeria jump 566% to $2.23bn Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, findings by The PUNCH have shown. This figure represents a 566.02 per cent surge compared to the same period of 2024, despite renewed tariff... Read More →

Investors gain N1.7tn as banking, industrial shares surge Investors gained approximately N1.70 trillion at the close of Thursday’s trading, as broad-based sectoral advances lifted equities and pushed the benchmark index to a fresh weekly high on the Nigerian Exchange Limited. Market capitalisation rose to N123.93 tn from N122.24 tn, while... Read More →

Naira hits two-year high at 1,347/$ The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year, according to a macro update by CardinalStone. According to the... Read More →

NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance Nigerian Exchange Limited has listed its first Commercial Paper by admitting Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500bn Commercial Paper Issuance Programme. In a statement on Wednesday, the local bourse announced that the two series,... Read More →

Oando to raise N220.79bn via rights issue Oando Plc has formally submitted an application to the Nigerian Exchange Limited seeking approval to list a rights issue of 4,415,867,342 new ordinary shares as part of a capital-raising initiative that would generate about N220.79bn in fresh equity capital. In a corporate disclosure... Read More →