By Seun Ibiyemi Investors on the Nigerian Exchange Limited (NGX) recorded a net gain of N505 billion in the week ended May 29, 2026, as the equities market staged a recovery from the bearish trend witnessed in the previous week despite a shortened trading period occasioned by the Eid-el-Kabir holidays. Market capitalisation rose by N505…
By Seun Ibiyemi The Nigerian stock market reversed three consecutive sessions of gains on Tuesday as investors lost about N889 billion amid renewed profit-taking ahead of the Eid-el-Kabir holiday. Market capitalisation declined by 0.55 per cent to close at N160.094 trillion, down from N160.982 trillion recorded in the previous session. Likewise, the All-Share Index dropped…
By Seun Ibiyemi The Nigerian stock market began the trading week on a positive note on Monday as investors gained N905 billion following sustained buying interest in large- and mid-cap equities. Market capitalisation rose by 0.57 per cent to close at N160.982 trillion, up from N160.077 trillion recorded at the close of trading on Friday….
By Seun Ibiyemi The Group Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has called for stronger collaboration among African stock exchanges to deepen capital markets, improve liquidity and boost the continent’s global competitiveness. Kwairanga made the call during a bilateral meeting with the Chairman of the Nairobi Securities Exchange, Mr Kiprono Kittony, where both…
By Seun Ibiyemi The Nigerian equities market returned to positive territory on Thursday as investors gained N73 billion following renewed buying interest in selected large- and mid-cap stocks. Trading activity on the Nigerian Exchange Limited was driven by strong demand for stocks such as International Energy Insurance, ABC Transport, Unilever Nigeria and Academy Press, alongside…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across various social media platforms, cautioning that many of them operate as Ponzi schemes and other prohibited investment arrangements. In a public notice issued on Thursday in Abuja, the commission said it had observed…
By Seun Ibiyemi Investors on the Nigerian Exchange Limited (NGX) traded 1.683 billion shares valued at N109.438 billion in 76,557 transactions on Wednesday, marking a decline in volume and number of deals compared to the previous session. This was lower than the 2.027 billion shares worth N87.709 billion exchanged across 80,888 transactions in the prior…
Fidelity Bank Plc, one of Nigeria’s leading financial institutions, has announced strong performance in its audited financial results for the year ended December 31, 2025, with significant growth across key income and balance sheet indicators. According to the report, the bank recorded a 45.6 per cent increase in gross earnings, rising from ₦1.04 trillion in…
By Seun Ibiyemi Transnational Corporation Plc (Transcorp Group), Africa’s leading listed conglomerate with investments in power, hospitality, and energy, has declared a total dividend payout of ₦20.32 billion, translating to ₦2.00 per share for its shareholders at its 20th Annual General Meeting (AGM) held in Abuja. The dividend comprises an interim dividend of ₦4.06 billion…
By Seun Ibiyemi The Nigerian equities market closed on a negative note on Tuesday as investors lost about N904 billion following widespread sell-offs in major listed stocks. The downturn brought an end to a four-day bullish run on the Nigerian Exchange Ltd (NGX), as profit-taking dragged key equities including Guinness Nigeria, Union Dicon Salt, AIICO…
