Market Updates

Firm offers SMEs N100m loan, targets growth

Date10 Sep 2026

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Fast-growing Nigerian financial technology platform, FinStore, has announced that small and medium-sized enterprises using its platform can now access loans of up to N100m to drive business expansion across the country. The Co-founder of FinStore, Ayomide Olupitan, disclosed this during an interaction with journalists on Monday, noting that the firm...

PAC Holdings targets growth, marks 20th anniversary

Date10 Sep 2026

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PanAfrican Capital Holdings Limited has unveiled a renewed vision to drive Africa’s economic growth as it celebrates its 20th anniversary. The milestone was commemorated at a media parley in Lagos, where the group’s leadership reflected on its evolution and outlined strategic ambitions for the continent’s development. Founded in 2006 through...

Coronation expects NGX rally to extend on FTSE upgrade

Date10 Sep 2026

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The Nigerian equities market sustained its upward momentum as investor sentiment remained firmly bullish, driven by expectations surrounding the market’s formal return to international benchmark indices. The benchmark Nigerian Exchange Limited All-Share Index advanced by 2.36 per cent week-on-week to close at 246,992.42 points, extending the local bourse’s year-to-date return...

NGX loses N1.65tn as index drops below 242,223 points

Date10 Sep 2026

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The Nigerian Exchange Limited closed on a bearish note on Wednesday as selling pressure across major market sectors dragged overall performance downward. The benchmark NGX All-Share Index dropped by 1.05 per cent to close at 242,223.10 points, down from Tuesday’s 244,802.11 points. Similarly, total market capitalisation dipped by N1.65tn to...

NB posts N1tn net revenue in H1, clears debt

Date10 Sep 2026

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Nigerian Breweries Plc has reported a strengthened financial position in the first half of 2026, emerging debt-free with improved cash generation, positive retained earnings, and a stronger balance sheet following a strategic recovery from previous operational challenges. The Finance Director of the company, Maria Karaseva, disclosed this during an investor...

Nigerian equities swing to N1.88 trillion losses ahead of Dangote Refinery IPO

Date09 Sep 2026

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The Nigerian equities market reversed Monday’s bullish momentum in dramatic fashion on Tuesday, September 8, 2026, as the benchmark All-Share Index (ASI) declined 1.17% to close at 244,802.11 points, erasing approximately N1.88 trillion in market capitalisation in a single session. The sharp pullback came just one day after the market had...

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