Thousands of Nigerian investors have been left counting their losses following the collapse of the National Reading Culture (NRC), an online earning platform that abruptly shut down, trapping billions of naira in user deposits. The platform ceased operations on Tuesday July 7 after its mobile application and website became...
investors
Nigeria’s Debt Management Office (DMO) has raised N1.2219 trillion in its June bond auction after investors submitted bids worth N1.413 trillion, exceeding the N1.2 trillion on offer by N213.5 billion. The DMO had offered N600 billion each in two reopened benchmark bonds: the 22.60 per cent FGN January 2035...
Nigeria’s stock market lost N2.179 trillion on Thursday as investors scrambled to adjust to the new T+1 settlement rule. Sell-offs hit even strong stocks, pushing market cap down 1.41% to N152.266 trillion from N154.445 trillion. All-Share Index downed at 3,397.80 points, 1.41% to 237,404.92. YTD return now 52.56%.Market breadth...
Fresh efforts to revive the previously aborted sale of a 40 per cent stake in the Amukpe–Escravos Pipeline have reignited concerns over transparency and corporate governance in Nigeria’s oil and gas industry. A policy expert has warned that the manner in which the transaction is handled could have far-reaching...
Nigerian Exchange (NGX) rebounded on Monday as renewed buying interest in key stocks lifted investors’ wealth by ₦514.97 billion, reversing part of the losses recorded in recent sessions. At the close of trading, the market capitalisation rose by 0.33 per cent to ₦156.11 trillion, while the All-Share Index (ASI)...
Nigeria’s leading listed companies and capital market institutions were celebrated for outstanding performance, innovation, and contributions to economic growth at the 2026 Nairametrics Capital Market Awards. Industry leaders at the event also called for a renewed focus on responsible and inclusive wealth creation. The awards ceremony was held on...
Investors in the Nigerian equities market gained N234 billion on Friday as renewed buying interest in selected stocks lifted the Nigerian Exchange’s key performance indicators. Market capitalisation rose by N234 billion to close at N155.5 trillion, up from N155.3 trillion recorded on Thursday. Similarly, the All-Share Index advanced by...
Nigerian equities market continues its bearish run on Thursday, with investors losing N581bn as profit-taking in heavyweight and mid-cap stocks dragged key market indicators lower for the fourth consecutive trading session. At the close of trading, the market capitalisation of listed equities declined by 0.37 per cent to N155.359tn...
Nigerian equities market closed the trading week on a bullish note upon resumption of trading after holidays on Friday. Sustained buying interest pushed the benchmark index higher despite selective profit-taking across major sectors. The Nigerian Exchange All-Share Index rose 0.26% to settle at 250,385.47 points, extending the market’s strong...
Nigerian Exchange (NGX) Limited rebounded on Thursday, as renewed buying interest in consumer goods and banking stocks lifted the equities market by 0.05 per cent, despite weak investor sentiment. Market capitalisation rose by N72 billion to close at N159.733 trillion, compared with N159.661 trillion recorded at the Wednesday session,...
Nigeria’s Eurobond market recorded a broad decline in yields across most maturities on Wednesday, May 20, 2026, reflecting improving investor sentiment toward the country’s sovereign debt instruments. Data released by the Debt Management Office (DMO) showed that yields on Nigeria’s outstanding Eurobonds ranged between 5.651 per cent and 8.152...
By TOM CHIAHEMEN, Abuja – Against the backdrop of Abuja’s rapid urban expansion and rising appetite for smart infrastructure investments, Centenary City Plc has unveiled an ambitious package of incentives designed to attract early investors and developers into its sprawling 1,000-hectare Abuja Smart City project. The initiative, branded as...
President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. At the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar...
On Monday this week President Bola Ahmed Tinubu departs for a two-day official visit to the Republic of Türkiye. The stated agenda—military cooperation and trade partnership—is precise. But the subtext is broader: Nigeria is recalibrating its partnerships toward countries that combine strategic geography, industrial depth, security capability, and an...
President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX). President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets. He urged...
Federal Government has reassured investors, analysts and international partners that Nigeria remains peaceful, stable and firmly on course for economic growth, despite recent security operations carried out by the United States (US) military in parts of the country. In a statement addressing concerns over a joint Nigeria–United States security...
Nigerian equities market kicked off the week on a sour note as a wave of selloffs dragged the market into negative territory on Monday, erasing N197 billion in investor wealth in what traders described as an unexpected turnaround. The sharp drop wiped out the gains posted in the previous...
Rivers State Governor, Siminalayi Fubara, has again pitched the state as one of Nigeria’s safest and most strategic destinations for oil and gas investment, assuring industry players that his administration is committed to protecting the sector’s assets and enabling growth. Speaking at an oil and gas summit in Port...
Stock market opened the week lower on Monday, as market capitalisation fell by N1.173 trillion or 1.26 per cent. The decline was driven by profit-taking in major stocks, including Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance and Guinea Insurance. Market capitalisation closed at N92.328 trillion, compared with the opening...
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has called on investors to leverage the numerous opportunities in the FCT to drive sustainable growth and development. The Minister made this call at the opening ceremony of the 2025 Abuja Business and Investment Summit held at the Bola Tinubu...