Business

The equities market section of the Nigerian Exchange Limited (NGX) rebounded strongly on Monday after several consecutive sessions of losses, as renewed buying interest lifted investor sentiment across the bourse.  On that note, the market capitalization of listed stocks gained N1.52 trillion or one per cent to close at N152.85 trillion from N151.33 trillion it closed for trading last week.  …

Dimension Data SPV Funding Plc  has opened subscriptions for its Series 1 Corporate Bond issuance of up to N5 billion under its N20 billion Bond Programme, as the company seeks to raise long-term capital to expand fibre network infrastructure and strengthen service delivery across Nigeria’s growing digital economy. The offer, which is being managed by Pathway Advisors Limited as Lead…

The Federal Government and the Enugu State Government are working to commence direct cargo flight operations between Enugu and Guangzhou, China, before the end of 2026, Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed. Keyamo made this known in Lagos on Thursday during the launch of newly acquired aircraft by United Air, describing the initiative as part of…

Investors that invested in the Nigerian equities  market have seen their investment wiped out an estimated N4.7trillion of their investment in four  days trading activities this week as blue chip companies sustained downtrend momentum. The market  capitalization of listed companies  opened for trading at N156.97 trillion on Monday, dropped  by N4.7 trillion to close at N152.3 trillion. Consequently, the Nigerian…

The Nigerian Exchange Limited (NGX) has introduced new rules that will significantly alter how share prices move on the exchange by setting minimum trading volume thresholds before prices can change\. The effective date is also expected to be communicated by the exchange in due course. Confirming the changes via its new Rulebook seen by Nairametrics, the NGX stated:  “Price Movements:…

Nigeria’s current account surplus rose by 255.71per cent to $4.98 billion in the first quarter of 2026, from $1.40 billion in the fourth quarter of 2025, according to provisional balance of payments statistics released by the Central Bank of Nigeria (CBN). The surplus was also 46.04per cent  higher than the $3.41 billion recorded in the corresponding period of 2025, indicating…

Bearish sentiment dominated on the Nigeria’s equities market as the all capitalisation declined by N759 billion amid heavy sell-offs. The All-Share Index (ASI) lost 1,182.08 points, representing a loss of 0.49 per cent to close at 240,802.72 points. Also, market capitalisation shed by N759 billion to close at N 154.445 trillion. The decline was driven by price depreciation in large…

The Nigerian equities market closed Tuesday trading session on a bearish note, dropping by N782.44 billion  to N155.2 trillion from N155.99 trillion it opened for trading.  Losses in GTCO (-7.1per cent), Zenith Bank (-2.8per cent), UBA (-3.7per cent) and First Holdco (-1.6per cent) dragged the Nigerian Exchange Limited  All-Share Index lower by 0.5per cent to 241,984.80 basis points.  Consequently, the…

…as LAGRIDE captains earn up to N1m weekly  The Chairman of LAGRIDE, Chief Diana Chen, has said the company’s Drive-To-Own (DTO) programme promotes empowerment, economic growth and vehicle ownership for drivers. Speaking through Executive Director Mildred Ekanem at the DTO 2.0 Car Handover Ceremony in Ikeja, Lagos, Chen said each vehicle represents income and opportunity for beneficiaries. Ekanem said over…

FMDQ Securities Exchange Limited has approved the quotation of Miskay Boutique International Limited’s N0.28 billion Series 1 Tranche A, N0.82 billion Series 1 Tranche B, and N1.02 billion Series 1 Tranche C Commercial Paper (CP) under its N5.00 billion CP Issuance Programme.  This approval by the Exchange’s Board Listings and Markets Committee underscores FMDQ Exchange’s pivotal role as a credible…