NGX

The assessment is designed to establish where each company currently stands on climate readiness and identify the gaps that need to be addressed before firms can set credible targets and implement transition plans.

The development was contained in FTSE Russell’s September Index Review, following the index provider’s decision to restore Nigeria’s market classification after three years as an “Unclassified Market”.

The ASI opened at 246,019.17 points and advanced to 246,388.22 points at the close, representing a gain of 369.05 points.

The Nigerian Exchange closed Wednesday’s session marginally lower, with the All-Share Index declining 63.46 points from 246,082.63 at the open to 246,019.17 at the close.

The NGX All-Share Index opened at 244,199.39 points and rose by 1,883.24 points to close at 246,082.63 points, representing a 0.77 percent increase.

The company disclosed the performance in its audited financial results for the year ended May 31, 2026, compared with revenue of N212.63 billion recorded in the previous financial year.

The NGX All-Share Index suffered 11 consecutive losing sessions before returning to positive territory on Thursday, August 27. The rebound continued on Friday, August 28, when the index gained 0.90 percent to close at 241,298.47 points.

The NGX All-Share Index (ASI) declined by 0.17 percent, falling from 239,085.17 points at the opening to 238,682.92 points at the close. Market capitalisation also declined by N260 billion, from N154.396 trillion to N154.136 trillion.

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.