NGX

Nigeria may be experiencing a widening disconnect between booming equity market capitalisation and productive value creation. It is conventional wisdom that the equity market is the barometer of the economy. And this is true of the advanced economies: London, New York, Tokyo, Korea.

Nigeria’s equities market recorded a 57 per cent return in the first seven months of 2026, but the rally was driven predominantly by domestic capital rather than a resurgence in foreign portfolio investment, Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, has said.

Market capitalisation declined by ₦440 billion, from ₦155.417 trillion at the opening to ₦154.977 trillion at the close. The NGX All-Share Index fell by 712.67 points, from 240,750.47 to 240,037.80, a 0.30 percent decline. Market breadth remained negative,...

Market capitalisation declined by ₦556 billion, from ₦155.973 trillion at the opening to ₦155.417 trillion at the close. The NGX All-Share Index fell by 860.76 points, from 241,611.23 to 240,750.47. Market breadth was evenly matched, with 27 gainers...

Market capitalisation declined by ₦544 billion, from ₦156.517 trillion at the opening to ₦155.973 trillion at the close. The NGX All-Share Index fell by 843.42 points, from 242,454.65 to 241,611.23. Market breadth remained firmly negative, with 22 gainers...

Market capitalisation declined marginally by ₦106 billion, from ₦156.623 trillion at the opening to ₦156.517 trillion at the close. The NGX All-Share Index fell by 164.55 points, from 242,619.20 to 242,454.65. Market breadth remained negative, with 19 gainers...

Market capitalisation declined by N257 billion, from N156.880 trillion at the opening to N156.623 trillion at the close. The NGX All-Share Index fell by 398.18 points, from 243,017.38 to 242,619.20. Market breadth remained negative, with 21 gainers against...

OPay delivered a $72.47 million net profit in 2025 following a $50.98 million loss the previous year. Annual revenue surged 161 percent to $536.25 million while processed transactions hit $358 billion. Rapid expansion into digital lending drove the...

Market capitalisation declined by N613 billion, from N157.493 trillion at the opening to N156.880 trillion at the close. The NGX All-Share Index fell by 949.71 points, from 243,967.09 to 243,017.38. Market breadth weakened significantly, with 16 gainers against...

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...