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Nigerian Stocks Gain 6.35% in One Week as Bulls Takeover Last week, Nigerian equities surged by 6.35%, signaling a notable shift in market dynamics. Despite the NGX All-Share Index closing nearly flat on Friday at 243,798.76 points, the weekly performance…
NGX Meets FTSE Russell in London to Address T+1 Settlement Concerns The Nigerian Exchange Group (NGX) recently took a crucial step in engaging with FTSE Russell and international investors in London to discuss concerns surrounding Nigeria’s T+1 settlement cycle. This…
Headline: Nigeria’s Equity Mutual Funds Shrink Nearly 12% in NAV by June 2026: What Investors Should Know Nigeria’s equity mutual fund segment has seen a significant contraction in net asset value (NAV), dropping from N266.82 billion to N234.86 billion as…
Headline: Nigeria’s 2026 Market Rally: The Hidden Role of ‘Zombie Stocks’ Nigeria’s stock market rally in 2026 has attracted widespread attention, but beneath the surface lies a critical dynamic: the rise of ‘zombie stocks.’ These are companies that continue to…
First HoldCo Approves N253 Billion Capital Raise to Hit N1 Trillion Paid-Up Capital First HoldCo Plc, the parent company of FirstBank of Nigeria, has secured shareholder approval for a capital raise of N253.099 billion. This move will increase the group’s…
Nigeria’s Agricultural Exports Hit N1.17 Trillion in Q1 2026: What It Means for the Economy New data from the National Bureau of Statistics (NBS) reveals Nigeria’s agricultural exports reached N1.17 trillion in the first quarter of 2026. This figure represents…
Bonny Light Crude Drops to $102 Amid Israel-Iran Truce: What Nigeria Needs to Know Nigeria’s benchmark crude, Bonny Light, recently sold for $102 a barrel following a significant geopolitical development: a truce between Israel and Iran. This pause in Middle…
Headline: Petrol Price Jumps 19% to N1,533 per Litre in April, What It Means for Nigeria Nigeria’s fuel market saw a significant shake-up in April 2026. The National Bureau of Statistics reports that the average retail price of Premium Motor…
First HoldCo Approves N253 Billion Capital Raise to Hit N1 Trillion Paid-Up Capital First HoldCo Plc, the parent company of FirstBank of Nigeria, has secured shareholder approval for a capital raise of N253.099 billion. This move will increase the group’s…
Bonny Light Crude Drops to $102 Amid Israel-Iran Truce: What Nigeria Needs to Know Nigeria’s benchmark crude, Bonny Light, recently sold for $102 a barrel following a significant geopolitical development: a truce between Israel and Iran. This pause in Middle…
