NGX

Market capitalisation stood at N158.33 trillion at the end of July before rising to a record N160.42 trillion on August 10. The market subsequently came under sustained selling pressure, with the All-Share Index (ASI) recording 10 consecutive losing sessions.

The Nigerian Exchange Limited (NGX) closed Friday’s session on a firmer footing, as renewed buying interest across selected equities lifted the All-Share Index (ASI) by 674.61 points.

GTCO, Access Holdings, United Bank for Africa and Fidelity Bank secured extensions from the Nigerian Exchange Limited to September 30 to submit their audited half-year results.

On December 30, 2025, Elumelu’s Heirs Energies bought Maurel & Prom’s 20.07% stake in Seplat Energy for $496 million, acquiring 120.4 million shares at 305 pence each.

Market capitalisation rose from N157.049 trillion at the opening to N157.150 trillion at the close, representing a N101 billion increase.

The ASI opened at 244,802.11 points but fell by 2,579.01 points to close at 242,223.10 points. Market capitalisation, however, remained unchanged at N158.721 trillion between the opening and closing figures provided for the session.

Investors have started selling existing shares to make room for Africa’s biggest IPO, raising an important question for Nigeria’s capital market about how much money the Dangote deal can pull out of everything else.

The ASI opened at 247,699.78 points but fell 2,897.67 points to close at 244,802.11. Similarly, market capitalisation declined by N1.879 trillion, from N160.600 trillion at the opening to N158.721 trillion at the close.

SAM DIALA x-rays Nigeria’s reclassification to a frontier market status by FTSE Russell and argues that the feat does not translate to productive economic transformation.

The ASI opened at 246,388.22 points and closed at 246,992.44 points, representing a 0.25 percent gain.