By Seun Ibiyemi Coinage Fund Management Ltd (“Coinage Fund”), an Africa-focused investment management firm, has received approval from the Securities and Exchange Commission (SEC) Nigeria to operate as a Fund/Portfolio Manager, marking a major milestone in its drive to expand access to professional wealth management services across Nigeria and Africa. The regulatory approval authorises the…
By Seun Ibiyemi The Nigerian equities market extended its positive run on Thursday, adding about N2.093 trillion to investors’ wealth as sustained buying interest in blue-chip stocks continued to drive market gains. The rally was largely supported by strong demand for stocks such as UAC of Nigeria, Unilever Nigeria, Trans-Nationwide Express, Tantalizers, and Dangote Sugar…
By Seun Ibiyemi The Nigerian equities market extended its bullish run on Wednesday, gaining ₦861 billion as investor confidence remained strong across key sectors. Market capitalisation rose from ₦140.523 trillion to ₦141.384 trillion, representing a 0.61 per cent increase. Similarly, the All-Share Index (ASI) advanced by 1,336.39 points, or 0.61 per cent, to close at…
By Seun Ibiyemi The Nigerian equities market closed on a positive note, with key indicators posting marginal gains amid renewed buying interest in select stocks. Market capitalisation increased by ₦88 billion, or 0.06 per cent, to ₦140.523 trillion from ₦140.435 trillion recorded in the previous session. Similarly, the All-Share Index (ASI) rose by 135.97 points,…
By Seun Ibiyemi Zenith Bank Plc has made history on the Nigerian Exchange (NGX), becoming the first Nigerian financial institution to surpass the ₦5 trillion market capitalisation mark. The milestone cements the bank’s position as the most valuable banking stock in the country, following a sustained period of strong market performance and investor confidence. Between…
The Nigerian equities market opened the week on a positive note, with investors gaining N609 billion as bullish sentiment in banking stocks drove overall performance. Market capitalisation rose by 0.44 per cent to N140.435 trillion from N139.826 trillion, while the All-Share Index advanced by 946.27 points, or 0.44 per cent, to close at 218,113.84 from…
…Targets September 2026 launch By Seun Ibiyemi Nigeria’s Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) for the establishment of Contisx Securities Exchange Plc, a new full-service securities exchange expected to commence operations in September 2026. The development was disclosed by the founder of Contisx, Ndubuisi Ekekwe, in a statement shared via his verified…
By Seun Ibiyemi The Nigerian Exchange Limited (NGX) recorded a strong performance for the week, with investors gaining N8.661 trillion amid heightened trading activity. According to a report, market capitalisation rose by 6.60 per cent to N139.827 trillion from N131.166 trillion recorded in the previous week. Similarly, the NGX All-Share Index advanced by 6.57 per…
By Seun Ibiyemi The Nigerian stock market extended its bullish momentum on Friday, recording a ninth consecutive gain as investors added N3.391 trillion to market value. Strong buying interest in key equities such as NAHCO Plc, Trans-Nationwide Express Plc, Ecobank Transnational Incorporated, Access Corporation Plc and Daar Communications Plc, alongside 39 other stocks, drove the…
The Nigerian stock market sustained its bullish trajectory on Thursday, with investors recording a gain of N1.663 trillion as market capitalisation climbed to N136.435 trillion. The rally was driven by price appreciation in several equities, including Guinea Insurance, Trans-Nationwide Express, Aradel, Ecobank Transnational Incorporated and Daar Communications, alongside over 40 other stocks. Market capitalisation rose…
