Market Updates

Despite N2.15 trillion planned share sale in what is widely considered to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest single shareholding vehicle. Nairametrics analysis of the company’s prospectus for... Read More →

Two Nigerian investment firms, CardinalStone Research and Chapel Hill Denham, have independently valued Dangote Petroleum Refinery and Petrochemicals FZE at between N77.7 trillion and N82.62 trillion, above the N65.22 trillion indicative market capitalisation at which the refinery is expected to list on the Nigerian Exchange (NGX). The comparison follows the... Read More →

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 →