Market Updates

NGX market capitalisation drops to N153.86tn on selloffs The Nigerian equities market retreated into negative territory on Thursday as a massive wave of sell-offs in large-cap stocks erased N1.922tn from the total market capitalisation. This downturn was primarily driven by investors rotating out of high-value industrial and consumer goods stocks... Read More →

NGX dips 0.86%, sheds N1.3tn in selloff Nigeria’s equities market lost N1.347tn in value as investors exited bellwether stocks, triggering a broad sell-off across key sectors. The decline reflects renewed profit-taking and risk-off sentiment, with heavyweight counters driving the downturn and weighing on overall market capitalisation. Specifically, the All-Share Index... Read More →

Fintech oversubscribes debut CP, raises N6.89bn Sycamore Integrated Solutions Limited has closed its Series 1 Commercial Paper issuance at N6.89bn, exceeding its N3bn target with a subscription rate of 2.3x the offer size. The result places the Nigerian fintech among an elite group of technology-driven firms that have successfully tapped... Read More →

SEC pushes stronger sustainability reporting to attract investors The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has flagged weak sustainability reporting among Nigerian companies, warning that gaps in disclosures could limit access to global capital. Speaking in Abuja on Tuesday at the launch of the Nigerian Corporate... Read More →

NGX starts May bullish with N63bn market gain The Nigerian equities market opened the trading month of May on a positive trajectory yesterday as sustained investor interest drove the market capitalisation up by N63bn. This bullish start saw the All-Share Index advance by 881.16 points, representing a 0.36 per cent... Read More →

Fixed-income market flat as yields remain unchanged The Nigerian fixed-income market maintained a steady profile during intraday trading on Monday, as yields on benchmark Treasury bills and Federal Government of Nigeria bonds showed little to no movement across most maturities. According to market data from the FMDQ Exchange, the session... Read More →