Market Updates

NGX sees 8.761bn shares traded in three days The Nigerian Exchange Limited witnessed an extraordinary surge in activity as investors traded 8.761 billion shares valued at N267.253bn in 193,473 deals, despite a shortened trading week. This massive turnover, which occurred in just three business days due to the Federal Government... Read More →

Guinea Insurance signs N5.8bn Rights Issue Guinea Insurance Plc has signed agreements for its N5.8bn Rights Issue to strengthen its capital base and reposition for growth. The company said the move marked a key step in its strategy to expand operations, enhance innovation and improve shareholder returns. The offer, according... Read More →

FX trades drive FMDQ turnover to N60.77tn in January FMDQ Group recorded a massive total turnover of N60.77tn for the month of January as the Nigerian financial markets opened 2026 with a surge in liquidity. The performance, detailed in the 136th edition of the FMDQ Spotlight newsletter, underscores a market... Read More →

Recapitalisation: One week to deadline, banks in last-minute rush Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline, with the apex bank expected to make a major announcement this week as the March 31, 2026, cut-off approaches. Findings by The PUNCH indicate that most... Read More →

Low-priced tech stocks lead NGX gains in 2026 Smaller technology stocks are emerging as a key source of returns for investors on the Nigerian Exchange (NGX) in 2026, as market activity broadens beyond large-cap names to include lower-priced, high-growth counters. A BusinessDay analysis of selected tech and telecom-linked equities shows... Read More →

Guinea Insurance targets N5.8bn via Rights Issue Guinea Insurance Plc has officially kicked off its recapitalisation journey with the launch of a N5.8bn Rights Issue in a decisive move to solidify its market position and meet looming regulatory requirements. The move, formalised during a signing ceremony in Lagos, is designed... Read More →