Market Updates

NewGold Issuer Limited Pty Ltd has published its quarterly unaudited financial statements for the period ended 30 September 2026, delivering a total comprehensive income of $2.55m (N3.83bn or ZAR 42.27m). The financial disclosure, submitted to the Nigerian Exchange Group on Tuesday and issued pursuant to Listing Rules 12.20 and section... Read More →

Stablecoins are creating new channels for diaspora investors to participate in Nigerian investment opportunities, including the Dangote Refinery initial public offering (IPO), according to Abdul Akubo, Founder and Chief Executive Officer of Graph Finance. Akubo said stablecoins are evolving beyond cross-border payments into financial infrastructure for treasury management, dollar savings... Read More →

SpaceX reported a 161% year-on-year increase in third-quarter revenue to $14.58 billion on Tuesday, up from $5.58 billion in the same period of 2025, beating analysts’ estimates as growth in its artificial intelligence (AI) business and Starlink satellite internet unit boosted performance. The company’s revenue for the three months ended... Read More →

LASACO Assurance Plc has returned to profit, reporting Group pre-tax earnings of N1.60 billion for the nine months ended September 30, 2026, compared with a N4.72 billion loss in the corresponding period of 2025. Its unaudited consolidated financial statements show that the recovery was driven mainly by lower insurance service... Read More →

Nigeria has unveiled a 10-year capital market roadmap aimed at mobilising domestic and foreign investment, expanding private-sector access to financing and supporting its ambition to build a $1tn economy by 2030. The Nigeria Capital Market Masterplan 2.0, covering 2026 to 2036, was launched alongside a National Savings Plan in Abuja... Read More →

Bearish sentiments dominated trading on the Nigerian Exchange Limited (NGX) on Monday, October 19, 2026, as market capitalisation plummeted by N1.47 trillion (0.91%) to close at N159.26 trillion, down from N160.73 trillion recorded at the close of trading on Friday. The benchmark All-Share Index (ASI) surrendered 2,261.39 points, falling 0.91%... Read More →