Market Updates

Wema Bank has become a much bigger and more profitable bank in the past few years, while its shares have rallied sharply. In 2025, it closed at N20.40, gaining over 124% and becoming the best-performing banking stock. By February 2026, it had joined the SWOOT club after its market capitalisation... Read More →

FTSE Russell has included 31 Nigerian companies in its FTSE Frontier Index Series as the country prepares to return to Frontier Market status after a three-year absence from the global index provider’s classification. The global index provider revealed this in its September 2026 review of the Index, seen by Nairametrics.... Read More →

The Nigerian equities market regained its bullish momentum on Thursday, September 3, 2026, as the benchmark NGX All-Share Index (ASI) advanced 0.15% to close at 246,388.22 points, up from 246,019.17 points in the previous session. The market performance was buoyed by strong gains in Seplat Energy and the broader Oil... Read More →

Dangote Cement Plc has announced plans to host a Capital Markets Day in London on 21 September 2026, as part of preparations for its secondary listing on the London Stock Exchange. The company disclosed this in a regulatory filing submitted to the Nigerian Exchange Limited on Wednesday, signed by its... Read More →

FirstTrust Mortgage Bank has unveiled a suite of tailored mortgage and real estate development solutions in a strategic push to bridge Nigeria’s housing deficit and expand access to property financing. The new product offerings, which feature facilities of up to N250m and extended repayment tenors of up to 20 years,... Read More →

Sovereign Trust Insurance Plc has secured its official Recapitalisation Certificate from the National Insurance Commission. The development marks a significant regulatory milestone for the insurer, solidifying its compliance with the federal government’s ongoing capital overhaul aimed at building a stronger and more resilient insurance industry. The certificate, issued following STI’s... Read More →