NGX

Legend Internet Swings To ₦199m Loss As Expansion Costs Surge, Eyes Stronger Earnings Ahead

June 3 (THEWILL) — Legend Internet Plc has reassured investors of stronger future earnings prospects despite posting a pre-tax loss of ₦199.34 million for the six months ended January 31, 2026, as aggressive spending on network expansion, rising operating...

Nigeria Makes History as First African Market to Adopt T+1 Settlement, Boosting Investor Confidence

June 1 (THEWILL) — Nigeria’s capital market has recorded a major milestone in its drive for greater efficiency and global competitiveness, becoming the first market in Africa to transition to a T+1 settlement cycle, a move expected to improve...

Market Loses ₦1.81tn as BUA Cement Leads Broad-Based Selloff

June 1 (THEWILL) — The Nigerian equities market reversed previous gains on Monday as renewed profit-taking in large-cap stocks, particularly BUA Cement, dragged key performance indicators lower. Market capitalisation declined by ₦1.811 trillion to close at ₦158.697 trillion from ₦160.508...

NGX Opens Post-Eid Trading On Mixed Note As Gains Offset Weak Breadth

May 29 (THEWILL) — The Nigerian Exchange resumed trading after the Eid holiday on a mildly positive note, as modest buying interest in select counters lifted market indices despite a negative breadth dominated by more decliners than gainers. Market capitalisation...

NGX Extends Decline As Sell-Off In Bellwethers Weakens Investor Sentiment

May 26 (THEWILL) — The Nigerian Exchange closed lower on Tuesday, as renewed profit-taking in key counters dragged market performance into negative territory, reversing part of the gains recorded at the start of the week. Market capitalisation declined by ₦888...

NGX Extends Gains As Airtel Africa Rally Lifts Market Capitalisation By ₦905bn

May 25 (THEWILL) — The Nigerian stock market sustained its bullish momentum on Monday, as renewed buying interest in large-cap and mid-tier stocks pushed the Nigerian Exchange higher, with market capitalisation gaining ₦905 billion. At the close of trading, the...

NGX Extends Bearish Trend as Weekly Turnover Falls 56.8% Amid Cautious Trading

May 24, (THEWILL) — Nigeria’s equities market closed the week on a negative note as declining investor activity and sustained profit-taking pressured key market indicators, despite selective gains recorded in banking and consumer goods counters. Data from the Nigerian Exchange...

NGX Ends Week Higher as Bargain Hunting Lifts Market Indicators

May 22, (THEWILL) — Nigeria’s equities market closed Friday’s trading session on a positive note as renewed buying interest in select mid-cap stocks lifted the benchmark indices higher. At the close of trading on the Nigerian Exchange Limited, market capitalisation...

NGX Closes Marginally Higher Amid Broad Selloff Pressure

May 21, (THEWILL) — Nigeria’s equities market ended Thursday’s trading session on a marginally positive note as gains in select consumer and service stocks helped offset widespread declines across the broader market. At the close of trading on the Nigerian...

NGX Reverses Gains as Heavyweight Losses Drag Market Lower

May 20, (THEWILL) — Nigeria’s equities market closed in negative territory on Wednesday as losses in major bellwether stocks outweighed gains recorded across several mid- and small-cap counters. At the close of trading on the Nigerian Exchange Limited, market capitalisation...
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We Fought For Your Freedom — Obasanjo Accuses South Africa Of Betraying Africa

Former President Olusegun Obasanjo has accused South Africa of betraying the spirit of African solidarity for which Nigeria fought during the country’s struggle against apartheid.
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