Market Updates

Market cap hits N155.9tn, investors gain N2.68tn The Nigerian Exchange closed April 2026 on a record high, shrugging off a volatile week in financial stocks as gains in industrial heavyweights lifted total market capitalisation to N155.9tn. Despite a steep banking-sector sell-off driven by disappointing dividend announcements, the broader market recorded... Read More →

Nigeria’s dollar GDP jumps 22% to $307bn –Report Nigeria’s dollar GDP rose by 22 per cent to about $307bn in 2025, driven by stronger economic output and a firmer naira, according to a report by Quartus Economics. “In 2025, Nigeria’s dollar GDP expanded 22 per cent. This comprises an 18.43... Read More →

Tinubu commends Cardoso as banking reforms lift confidence President Bola Tinubu has commended the Governor of the Central Bank of Nigeria, Olayemi Cardoso, citing ongoing reforms at the apex bank as part of efforts to stabilise the economy and support long-term growth. Speaking after the March 31, 2026, deadline for... Read More →

Shareholders hail GTCO’s N12.76 dividend payout Shareholders of Guaranty Trust Holding Company Plc have commended the management of the financial institution for the highest dividend payout of N12.76 in the Nigerian banking sector for the 2025 financial year. The shareholders at GTCO’s 5th Annual General Meeting also praised the Group’s... Read More →

Cadbury shares slide 10% on Awosika exit Cadbury Nigeria Plc shares sank 10% following announcement of the resignation of its director, Ibukun Awosika from the board. The company disclosed this in a notice to the Nigerian Exchange Limited and the investing public on Wednesday, in a statement signed by the... Read More →

Naira weakens to N1,383/$ amid further reserves drop in April 2026 The naira extended its decline on Tuesday, closing at N1,383 per US dollar as renewed pressure in the foreign exchange market coincided with a further dip in Nigeria’s external reserves. This is according to data on the Central Bank... Read More →