The Securities and Exchange Commission (SEC) will on October 19, 2026, convene key stakeholders in Nigeria’s capital market for its National Capital Market Conference, where the Nigerian Capital Market Master Plan 2.0 (NCMMP 2.0) and the National Savings Scheme will be unveiled. The conference, scheduled to hold at the Banquet Hall of the Presidential Villa,…
The Securities and Exchange Commission (SEC) has warned investors against unauthorised and fraudulent platforms seeking to exploit the ongoing public offer by Dangote Petroleum Refinery and Petrochemicals FZE. The warning came as the Dangote Refinery IPO opened on Monday, offering 4.1 billion new ordinary shares at ₦525 per share, with a minimum subscription of 10…
The Nigerian equities market reversed its bullish run last week, as widespread profit-taking triggered heavy sell-offs and wiped about ₦1.9 trillion from investors’ wealth. The decline came after investors recorded a ₦3.73 trillion gain on the Nigerian Exchange Limited (NGX) in the penultimate week, as the market’s strong rally prompted investors to lock in profits….
The Nigerian Exchange Limited (NGX) has commenced the implementation of a revised pricing methodology that significantly reduces the volume of shares required to trigger price movements in some of the market’s most expensive equities. The new framework, which takes effect from Monday, August 17, 2026, introduces a three-tier system based on the prevailing price of…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a trade (T+1) as the settlement deadline for equities and commodities transactions cleared through the Central Securities Clearing System (CSCS). The commission announced the clarification in a circular issued on Wednesday, aimed at providing greater certainty…
The Nigerian Exchange Limited (NGX) equities market on Tuesday halted its four-session bullish run as sell-offs in major stocks wiped N1.166 trillion off its market capitalisation. Market capitalisation declined by 0.73 per cent from N160.421 trillion on Monday to N159.255 trillion, while the All-Share Index (ASI) fell by 1,806.18 points to close at 246,723.57. The…
By Seun Ibiyemi The Nigerian stock market reversed its previous session’s gains on Tuesday as investors lost N599 billion following widespread profit-taking that dragged key performance indicators into negative territory. At the close of trading, the Nigerian Exchange (NGX) market capitalisation declined by 0.38 per cent to N158.015 trillion, down from N158.614 trillion recorded at…
The Nigerian stock market opened the trading week on a positive note on Monday, with investors adding ₦288 billion to market value despite a negative market breadth that reflected sustained profit-taking across several equities. Market capitalisation rose by 0.18 per cent to close at ₦158.614 trillion, up from ₦158.326 trillion at the previous session’s close,…
…Challenge commission to exceed 2026 target by 20% By Seun Ibiyemi The House of Representatives has commended the Securities and Exchange Commission (SEC) for strengthening its financial sustainability through prudent cost-cutting measures and improved internally generated revenue, while challenging the capital market regulator to surpass its 2026 revenue target by at least 20 per cent….
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals FZE has raised approximately $2.5 billion in a landmark private equity placement, completing what it described as Africa’s largest publicly disclosed primary equity private placement by value. The company said the transaction attracted overwhelming investor interest, with subscriptions reaching 3.7 times the initial offer size, underscoring strong…
