Market Updates

FirstHoldCo appoints new board members for non-bank subsidiaries First HoldCo Plc has announced a series of new board appointments across its non-commercial banking subsidiaries, in a move aimed at strengthening corporate governance, deepening oversight and positioning the businesses for sustainable growth. The appointments, which received regulatory approvals from the Securities... Read More →

CardinalStone hits N2tn transaction value on NGX CardinalStone Securities recorded over N2tn in transaction value on the Nigerian Exchange Limited in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone, according to the Exchange’s latest broker performance report. The firm had earlier crossed the N1tn mark within... Read More →

Capital market gains N3.84tn on strong buying Sustained buying interest across major stocks lifted the Nigerian Exchange equities market by N3.84tn in the past trading week, as investors piled into banking, telecoms, industrial and consumer names, pushing the market deeper into bullish territory. Data from the NGX showed that total... Read More →

CIS, ASHON commend NGX as capitalisation crosses N100tn The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the capital market crossing the N100tn market capitalisation mark. In a joint... Read More →

Heritage Bank liquidation: NDIC recovers additional N24.3bn for depositors The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to repay customers of the bank with balances above N5m as of the time of its licence revocation. This was disclosed in... Read More →

MA’AM Energy’s $750m Geregu takeover excites investors The minority investor community and operators in the capital market have expressed optimism about the acquisition of majority shareholding in Geregu Power Plc by MA’AM Energy Limited, saying it was a major boost for the power sector. The stakeholders in separate chats indicated... Read More →