Market Updates

Nigerian stocks maintain buying pressure into the 11th month. The NGX ASI has gained over 63% in 2026, and market capitalization has reached 165.1 trillion, while the market remains in a structural primary uptrend. The bullish momentum that engulfed the NGX ASI in October culminated in a new high just... Read More →

Aradel Holdings Plc is seeking a review of the earn-out arrangement linked to Renaissance’s acquisition of SPDC after a N529.1 billion charge weighed on its nine-month earnings. The company disclosed this in its unaudited results for the period ended September 30, 2026. The charge highlights the gap between the enlarged... Read More →

Aradel Holdings Plc reported a 154.3% increase in consolidated pre-tax profit to N764.71 billion for the nine months ended September 30, 2026, from N300.68 billion in the corresponding period of 2025, driven by stronger crude oil and gas operations. According to the company’s unaudited financial statements and earnings release dated... Read More →

Shareholders of PZ Cussons Nigeria Plc, a leading manufacturer of personal healthcare products and consumer goods, have unanimously approved a final dividend payout of N9.926bn for the 2026 financial year. The dividend was approved at the company’s 78th Annual General Meeting held at the Fraser Suites in Abuja recently. Speaking... Read More →

Haldane McCall Plc has reported a 30.2 per cent increase in net profit to N540.87m for the nine months ended September 2026, driven by revenue expansion and increased investments in its property development portfolio. The real estate firm disclosed this in its latest financial results, revealing that revenue rose 59.4... Read More →

Trading on the Nigerian Exchange Limited on Wednesday closed on a bearish note, as the market capitalisation and overall performance index recorded a slight contraction compared to the previous session. Total market capitalisation dropped from N164.91tn recorded on Tuesday to N164.19tn. Similarly, the All-Share Index slipped by 1,107.28 points, closing... Read More →