By Seun Ibiyemi The Nigerian currency, the naira, recorded a mixed performance in trading on Thursday, as data from the foreign exchange market showed differing movements across official and informal channels. According to Central Bank of Nigeria (CBN) data, the naira weakened marginally at the official foreign exchange window, closing at around ₦1,340 – ₦1,341…
By Adeyemi David The Nigerian equities market rebounded on Wednesday, adding N684 billion to investors’ portfolios as renewed buying interest in key stocks lifted overall performance. Market capitalisation rose from N121.552 trillion at the start of trading to N122.236 trillion at the close, while the Nigerian Exchange Limited All-Share Index advanced by 0.56 percent, or…
By Adeyemi David Oando Plc has notified its shareholders of an application submitted to the Nigerian Exchange Limited (NGX) on Friday, February 13, 2026, seeking approval to list a Rights Issue of 4,415,867,342 ordinary shares of 50 Kobo each at N50 per share. The Proposed Rights Issue will be offered on the basis of one…
Guinness Nigeria has reported a revenue of N730.8 billion for the eighteen-month period ended December 31, 2025, representing a 144 per cent increase from the N299.5 billion recorded in the twelve months ended June 2024. The company disclosed this in its audited financial results released on Tuesday, marking its first full reporting cycle after shifting…
Zenith Bank Plc has urged members of the public to disregard videos circulating online falsely linking its Group Chairman, Dr Jim Ovia, to an investment scheme called Wealth Bridge. The bank issued the advisory via its official X handle on Tuesday in Abuja, warning that the videos claim the Central Bank of Nigeria (CBN) has…
By Adeyemi David The Nigerian stock market reversed its bullish run on Tuesday, shedding N577 billion in market value to halt a 13-day rally amid widespread selloffs in bellwether stocks. Market capitalisation of listed equities declined by 0.48 per cent, dropping from N122.129 trillion to N121.552 trillion, while the Nigerian Exchange Limited All-Share Index fell…
The Chairman of Nigerian Exchange Group, Umaru Kwairanga has called for the listing of viable state-owned enterprises as part of efforts to deepen liquidity and strengthen Nigeria’s capital market. Kwairanga made the appeal in a statement on Saturday after a strategic engagement with industrialist Aliko Dangote on Friday, which focused on sustaining ongoing reforms and expanding…
The Nigerian Exchange Limited closed the week on a high note, with the All-Share Index rising by 6.16 per cent to 182,313.08 and Market Capitalisation appreciating to N117.027 trillion, up from 171,727.49 and N110.235 trillion respectively in the previous week. Investors added N6.792 trillion to their portfolios over the period. All other indices finished higher,…
By Adeyemi David The Nigerian Exchange Ltd. (NGX) recorded a bullish performance last week as the All-Share Index and market capitalisation rose by 3.84 per cent to close at 171,727.49 points and N110.235 trillion respectively. The latest figures marked an increase from the previous week’s close of 165,370.40 points and N106.153 trillion, translating to a…
Fidelity Bank emerged as the most actively traded stock on the Nigerian Exchange Ltd. (NGX) on Friday, as the equities market closed the week on a bullish note with N1.105 trillion added to investors’ portfolios. The bank recorded a trading volume of 92.39 million shares, accounting for 9.69 per cent of the total transactions for…
