Market Updates

Stock Market Down N366bn Week-on-Week Amid Profit-taking Activities  The market capitalisation of the Nigerian Exchange Limited (NGX)  depreciated by N366 billion in its week-on-week (WoW) performance  amid investor profit-taking in BUA Cement Plc (3.5 per cent decline).    As the NGX (ASI last week declined by 0.25 per cent WoW to close at 249,712.37... Read More →

Legend Internet repays N10bn Commercial Paper Legend Internet Plc has announced the full and timely repayment of its Series 1 Commercial Paper under its N10bn multi-layered issuance programme, marking a key milestone in the company’s engagement with Nigeria’s debt capital market. The repayment, completed on schedule and in full, underscores... Read More →

Banks, fintechs report 82,143 suspicious transactions to NFIU Banks, fintech firms, insurance companies, capital market operators, and other reporting entities flagged 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to detect money laundering, terrorism financing, and other illicit financial activities. The figure was contained in... Read More →

NMDPRA enforces 3% host community fund contributions The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host... Read More →

FMDQ transactions hit $180.85bn on volume surge Activities in the Nigerian financial markets recorded a massive boost as the total turnover on the FMDQ Securities Exchange hit $180.85bn, driven by an unprecedented surge in transaction volumes across key market segments. The significant growth reflects a major recovery in market liquidity... Read More →

NGX sustains bullish run with N917bn gain Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. The market capitalisation of listed equities rose by N917bn to close at N161.279tn from N160.362tn recorded at... Read More →