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NGX Market Capitalisation Swells By N1.08trn In Weeklong Rally

NGX Market Capitalisation Swells By N1.08trn In Weeklong Rally

The Nigerian Exchange closed the week on a very bullish note, capping five consecutive sessions of bullish activities that added a staggering N1.08 trillion to investors’ wealth. The NGX All-Share Index (ASI) surged by 1.37…

EcoBank Unveils $250m Capital Raise To Bolster Resilience

EcoBank Unveils $250m Capital Raise To Bolster Resilience

Ecobank Transnational Incorporated (ETI) has commenced a $250 million private placement to raise Additional Tier 1 (AT1) capital through contingent convertible notes, reinforcing its capital buffers and fortifying its long-term strategic position within Africa’s competitive…

Nigeria’s External Buffers Fell By $1.2bn In June Amid Debt Repayments

Nigeria’s external reserves slipped further in June 2025, underscoring the persistent pressure on the country’s foreign exchange buffers despite modest gains in foreign portfolio inflows and a strengthening naira. According to the latest data released…

Market Wrap-Up: Banking, Insurance Stocks Power NGX To Record N3.46trn Gain

Market Wrap-Up: Banking, Insurance Stocks Power NGX To Record N3.46trn Gain

In a remarkable display of bullish momentum, Nigeria’s equities market posted its highest weekly gain of the year, as a surge in investor appetite for banking and insurance stocks propelled the Nigerian Exchange (NGX) to…

SEC: Digital Assets Fraud Threat To Market Integrity

SEC: Digital Assets Fraud Threat To Market Integrity

The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised the alarm on the escalating threat posed by virtual asset fraud and investment scams, cautioning that these digital-era crimes risk eroding market…

UBA Reaffirms Commitment To Expanding Into Key African Markets

UBA Reaffirms Commitment To Expanding Into Key African Markets

Recently, UBA Group senior executives concluded the Group’s Half Year Business Review, which presented an opportunity to restate the Group’s pan-African strategy, and commitment to further expanding coverage across high potential markets in Africa, while…

Stocks Rally Strongly As Market Records N1.76trn Gain

Stocks Rally Strongly As Market Records N1.76trn Gain

The Nigerian Exchange (NGX) extended its bullish streak yesterday, recording one of its most robust performances in recent months, as the All-Share Index (ASI) surged by 2.01 per cent to close at 124,446.80 points. This…

GTCO Makes Debut On London Stock  Exchange With 36.4bn Share Listing

GTCO Makes Debut On London Stock Exchange With 36.4bn Share Listing

In a major milestone for Nigeria’s banking sector, Guaranty Trust Holding Company Plc (GTCO) has secured admission to the Official List of the United Kingdom’s Financial Conduct Authority (FCA) and commenced trading on the main…

The Alternative Bank Champions Action  For Africa’s Future Ahead Asis Summit

The Alternative Bank Champions Action For Africa’s Future Ahead Asis Summit

The Alternative Bank has reaffirmed its commitment to driving sustainable development across Africa ahead of the highly anticipated 2025 Africa Social Impact Summit (ASIS). Co-convened by the Sterling One Foundation and United Nations Nigeria, ASIS…

NGX Market Capitalisation Hits N77trn

NGX Market Capitalisation Hits N77trn

The Nigerian equities market sustained its bullish trajectory on Wednesday, with the benchmark NGX AllShare Index (ASI) rising by 0.28 per cent to settle at 121,989.67 points just as the market capitalisation increased by N76.97…