Stock Business – City Business News

February 2, 2026 No Responses

2026: Arthur Steven Projects 45.9% Gain for Nigerian Equities

The Managing Director of Arthur Steven Asset Management Limited and former president of Chartered Institute of Stockbrokers (CIS), Mr. Olatunde Amolegbe, has projected a 45.9 per cent return for Nigerian equities in the 2026 financial year, citing improving macroeconomic stability,...

January 23, 2026 No Responses

Alleged $80,000, N953m Fraud: Court Convicts Stockbroker

Justice Modupe Nicole-Clay of the Lagos State High Court sitting in Ikeja, Lagos, on Wednesday, January 21, 2026, convicted Victor Ogiemwonyi and his company, Partnership Securities Limited, for stealing the sum of N953,535,861.57 (Nine Hundred and Fifty-Three...

January 17, 2026 No Responses

Stocks Close Higher As NGX Records N30b Gain

The Nigerian stock market rebounded on Friday, recovering from the previous session’s downturn as investors’ portfolios appreciated by about N30 billion.The positive performance was driven by gains in stocks such as Red Star Express, NCR Nigeria, SCOA and ...

October 7, 2025 No Responses

Seplat, AXA Mansard, Others Lift Market Capitalisation By N786b

Equities market opened the week on a positive note on Monday, as investors recorded a combined profit of N786 billion.Investor interest in key stocks such as Seplat Energy, AXA Mansard, Skye Shelter Fund, Ellah Lakes, CHAMS alongside 44 other equities...

May 7, 2025 No Responses

NGX Group, Market Stakeholders Honour Pascal Dozie

Captains of industry, financial leaders, and dignitaries on Tuesday gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Dr. Pascal G. Dozie, OON, CON, former President of the...

April 8, 2024 No Responses

NGX Group Acquires Stake In Ethiopian Securities Exchange

Nigerian Exchange Group Plc (NGX Group) has announced what it described as “a significant investment” in the Ethiopian Securities Exchange (ESX). A statement issued at the weekend explained that NGX Group is among the top institutional investors that...

July 5, 2023 No Responses

Coronation Insurance To Delist From NGX

Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share. In a Proposed Share Acquisition notice to the Nigerian Exchange Limited ...

March 21, 2023 No Responses

Stock Market Investors Lose N16b

Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent...

March 17, 2023 No Responses

Market Capitalisation Down By N313b

The equity market, on Thursday, extended its losing streak for the fifth successive session as the market capitalisation decreased by N313 billion due to investors’ continued profit-taking. The All Share Index (ASI) fell by 574.59 absolute po...

January 5, 2023 No Responses

Stock Market Extends Gain By 0.12%

The Nigerian Exchange (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday. Also, the All-Share Index (ASI) increased marginally by 61.9 basis points or 0.12 percent to close ...

November 10, 2022 No Responses

Investors Gain N9b On NGX

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks. The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and Unit...

September 23, 2022 No Responses

Stock Market Drops Further by N124b

The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday. The All-Share Index (ASI) also dropped by 231.57 points...

April 18, 2022 No Responses

Presco: Sustaining Growth Through Expansion

No doubt, Presco Plc is one of the most fundamental stocks on the Nigerian Exchange Limited (NGX). In its unaudited 2021 financial statement for the period ended December 31, 2021, Presco Plc improved on profitability as the management ex...

April 1, 2022 No Responses

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom. A...