The Nigerian Exchange Ltd (NGX) has lifted the suspension placed on the trading of the shares of Universal Insurance Plc. This development, which became effective on Wednesday, September 3, 2025, now enables shareholders to resume trading of the company’s shares on the NGX platform. The suspension was lifted after the company had filed its Audited […]
The Nigerian Exchange (NGX) closed negative on Friday, extending its losing streak as the All-Share Index shed 272.34 basis points or 0.19 per cent to settle at 140,284.90. The downturn erased about N165.63 billion from investors’ wealth, dragging total market capitalisation to N88.77 trillion. The decline was driven by profit-taking in banking, insurance, and oil […]
The Nigerian equities market closed the week on a sour note, as broad-based selloffs across Banking, Insurance, oil and gas, and Industrial Goods stocks wiped out N2.29 trillion from investors’ wealth, extending losses into a second consecutive week. The benchmark NGX All-Share Index (ASI) slipped 0.77 per cent week-on-week to settle at 144,628.20 points, while […]
The Nigerian Exchange (NGX) closed negative on Tuesday as the All-Share Index (ASI) shed 1.46 per cent, or 2,110.33 points, to settle at 142,613.47 points. Market capitalisation also dipped 1.46 per cent, erasing about N2.38 trillion to close at N90.23 trillion. The decline dragged the year-to-date return down to 38.56 per cent from 40.61 per […]
Equity investors on the Nigerian Exchange (NGX) lost N120 billion on Tuesday as the All-Share N92.28 trillion from N92.40 trillion in the previous session, trimming the year-to-date return to 41.72 per cent from 41.90 per cent. The decline was driven by selloffs in WAPCO (-2.14 per cent), Zenith Bank (-1.96 per cent), and GTCO (-1.31 […]
Employees of Nigerian Exchange Group NGX are volunteering their time and expertise to combat child malnutrition in underserved Lagos communities. Through a multi-stakeholder initiative co-championed by NGX Group and Health Emergency Initiative (HEI) Nigeria, in partnership with the Lagos State government, Project Bringing Life to Our Overlooked Minors (BLOOM), NGX Group staff volunteers joined healthcare […]
BY MICHEAL AJAYI Guaranty Trust Holding Company (GTCO) Plc has listed 2.288 billion shares from its public offer on the Nigerian Exchange Limited (NGX). This listing follows the successful completion of the company’s capital-raising exercise through a public offer, which aimed to strengthen its capital base and drive growth initiatives. The NGX stated that, “trading […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday as renewed interest in tier-1 banking stocks drove the All-Share Index (ASI) up by 0.28 per cent to close at 121,989.67 points. This modest gain translated to an increase of N216 billion in market capitalisation, which rose to N76.97 trillion from the […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) has received a major boost following the listing of 2.945 billion additional ordinary shares from Stanbic IBTC Holdings Plc, contributing N150.8 billion to the bourse’s overall capitalisation. This development has helped push the total market capitalisation of the Exchange past the N76 trillion mark, reinforcing the positive momentum […]
BY TEMITOPE ADEBAYO The Nigerian Exchange maintained its bullish momentum this week, with the NGX All-Share Index (ASI) advancing by 1.22 per cent to close at 121,257.69 points. This upward movement translated to a market capitalisation gain of N1.19 trillion, pushing the total value to N76.76 trillion and raising the year-to-date return to +17.81 per […]
BY TEMITOPE ADEBAYO The Nigerian equities market sustained its rebound on Tuesday as investors gained N405 billion, with the NGX All-Share Index advancing by 0.56 per cent to close at 114,659.11 points. Market capitalisation rose to N72.30 trillion, pushing the year-to-date return to 11.40 per cent. The day’s performance was driven by renewed interest in […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) All-Share Index surged by 5.13 per cent in the holiday-shortened trading week, resulting in a N3.69 trillion gain in investor wealth. The uptrend was fuelled by bargain-hunting across major sectors, including Consumer Goods, which rose by 6.20 per cent; Banking, up 5.38 per cent; and Insurance, which advanced […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) started the week on a positive note, with the All-Share Index rising by 0.25 per cent to close at 112,015.95 points. Market capitalisation increased by N176 billion to close at N70.64 trillion. The market rally was driven by gains in MTNN (+3.18 per cent), OANDO (+2.65 per cent), […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) closed the first trading week of May on a positive note, with investors gaining N151.91 billion following renewed bargain hunting and positive sentiment around Q1 2025 earnings releases. The All-Share Index (ASI) rose 0.27 per cent week-on-week to settle at 106,042.57 points, while market capitalisation climbed to N66.65 […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) closed the first trading week of May on a positive note, with investors gaining N151.91 billion following renewed bargain hunting and positive sentiment around Q1 2025 earnings releases. The All-Share Index (ASI) rose 0.27 per cent week-on-week to settle at 106,042.57 points, while market capitalisation climbed to N66.65 […]
BY MOTOLANI OSENI The federal ministry of Industry, Trade and Investment (FMITI) and the Nigerian Exchange Group (NGX Group) have partnered in a move to achieve $ 6 billion Investment Target. This collaboration was highlighted during the distinguished Closing Gong Ceremony at the NGX, Lagos, where Dr. Oduwole outlined FMITI’s ambitious target to facilitate $6 […]
BY MOTOLANI OSENI Legend Internet Plc has made a significant leap in Nigeria’s digital economy by listing two billion shares on the Nigerian Exchange (NGX), resulting in a N12.4 billion increase in overall market capitalisation. This landmark listing marks the company as the first indigenous player in the internet segment of the telecommunications sector to […]
BY MOTOLANI OSENI Investor sentiment turned sharply positive last week as the Nigerian Exchange (NGX) sustained its bullish momentum, driven by the release of strong first-quarter (Q1) 2025 earnings from several listed companies. The renewed optimism lifted the benchmark All-Share Index by 1.46 per cent to close at 105,752.61 points. Correspondingly, the market capitalisation soared […]
BY MOTOLANI OSENI The Nigerian Exchange (NGX) closed last week in negative territory, as the All-Share Index (ASI) slipped by 0.32 per cent week-on-week to settle at 104,233.81 — its lowest level in four weeks — while market capitalisation dropped by N208 billion to close at N65.499 trillion. The downbeat mood swept across key sectors, […]
BY TEMITOPE ADEBAYO The Nigerian Exchange Group (NGX) said it is revamping its strategy to tap into the increasing flow of private capital, adopting a more proactive approach to address the rising trend of delistings from the Nigerian capital market. The Group chairman of NGX Group, Dr Umaru Kwairanga, stated this at the Group’s 64th […]