NGX

The Nigerian equities market closed lower on Friday, shedding ₦108 billion in market value as the market capitalisation declined to ₦160.725 trillion from an opening value of ₦160.833 trillion.

The Nigerian Exchange Group (NGX) is taking Dangote Petroleum Refinery and Petrochemicals FZE’s ₦2.15tn initial public offering to investors in Egypt, Ethiopia and Botswana as it seeks to attract cross-border participation in the share sale.

The market opened with a capitalisation of ₦160.812 trillion before edging up at the close. Similarly, the All-Share Index (ASI) advanced by 33.48 points, from an opening level of 247,673.65 to 247,707.13.

Dangote Industries Limited and the Botswana Stock Exchange have commended Nigerian Exchange Group for bringing African exchanges together to expand cross-border investment opportunities through the ongoing roadshow for the Dangote Petroleum Refinery and Petrochemicals FZE offer.

Market capitalisation rose by ₦104 billion to ₦160.812 trillion from ₦160.708 trillion at the previous session, while the ASI advanced 160.02 points to 247,673.65 from 247,513.63.

The Nigerian Exchange Limited (NGX) closed lower on Tuesday as the All-Share Index (ASI) declined from 247,736.24 points at the opening to 247,513.63 points, representing a loss of 0.09 percent.

The Nigerian Exchange Limited (NGX) opened the week on a bearish note on Monday as the All-Share Index (ASI) declined from 248,363.55 points to close at 247,736.24 points, representing a loss of 0.25 percent.

The fintech company disclosed its intention in a Form F-1 registration statement filed with the United States Securities and Exchange Commission on October 9, 2026. OPay is pursuing an initial public offering of American Depositary Shares and has applied to list on the New York Stock Exchange under the proposed ticker symbol OPAY.

The NGX All-Share Index rose 21,792.49 points, from 229,419.18 at the end of June to 251,211.67 at September 30. Equity market capitalisation increased by N15.89 trillion, from N147.22 trillion to N163.10 trillion.

Trading activity was mixed during the week. Investors exchanged 2.715 billion shares valued at N158.280 billion, compared with 3.166 billion shares worth N155.023 billion in the preceding week.