Market Updates

Recapitalisation: Mergers loom as 13 banks battle March 31 deadline As the recapitalisation deadline set by the Central Bank of Nigeria draws closer, fresh concerns are emerging over the fate of at least 13 banks still racing to meet the new minimum capital requirement, with analysts warning that mergers may... Read More →

NGX extends bearish trading as market cap sheds N73.43bn Trading on the Nigerian Exchange Limited closed on a mildly negative note on Wednesday, as profit-taking in bellwether banking and insurance stocks offset pockets of bargain hunting across consumer and select Oil & Gas counters. The All-Share Index declined 0.06 per... Read More →

NGX suffers N1.14tn loss on major stock sell-offs Sell-offs in bellwether stocks, including BUA Foods Plc, MTN Nigeria Communications Plc and Stanbic IBTC Holdings Plc, weighed heavily on the Nigerian equities market on Tuesday, erasing about N1.14tn in investor value and halting the market’s recent bullish momentum. Data from the... Read More →

Recapitalisation: Banks raise N4tn ahead of March deadline Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this on Tuesday during the Monetary Policy Committee briefing in Abuja, saying,... Read More →

NGX Issues Advisory on Zichs Agro, Others over Price Movements NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, yesterday issued an advisory to the investing public in response to notable price movements observed in the shares of some listed companies over recent trading sessions. Specifically,... Read More →

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 →