Market Updates

Aliko Dangote, Chief Executive Officer of Dangote Group, has said investors can subscribe to the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE with a minimum of 10 ordinary shares, worth N5,250. Dangote disclosed this on Monday during the signing ceremony for the refinery’s IPO at... Read More →

What would it take to earn N10 million from Dangote Cement dividends for the 2026 financial year? Using the company’s 2025 financial year dividend of N45 per share, the answer is about 222,223 shares. At the current share price of N1,034, an investor would need about N230 million to build... Read More →

The Nigerian equities market extended its bullish trajectory on Monday, September 8, 2026, reclaiming the historic N160 trillion market capitalisation threshold for the first time since Monday, August 10, when the market first crossed that mark before a sharp two-week correction pulled it back. However, it still trails slightly below... Read More →

Trading on the Nigerian Exchange Limited ended on a mixed note for the equities market on Monday, as buying interest in select brewing, telecom, and energy stocks countered selling pressure in banking and insurance counters. Total equity transactions recorded 52,199 deals with an aggregate volume of 407.78m shares traded. Activity... Read More →

African Alliance Insurance Plc, one of Nigeria’s oldest life assurance specialists, faced severe financial pressures during the first quarter of 2023, recording a total comprehensive loss of N1.72bn compared with a net profit of N1.07bn in the corresponding period of 2022. Founded in 1960, the pioneer life underwriting firm has... Read More →

Activity in the official foreign exchange market experienced a notable slowdown during the first week of September 2026, as total turnover across both the spot and derivatives segments registered a sharp week-on-week decline. According to the latest market report released by FMDQ Securities Exchange, total foreign exchange turnover for the... Read More →