…share with a minimum purchase of 10 units. The shares are expected to be listed on the Nigerian Exchange Limited following completion of the IPO. Stanbic IBTC is acting as Joint Lead Issuing House, Joint Stockbroker and Receiving Bank to the offer. Key offer terms Issuer: Dangote Petroleum Refinery & Petrochemicals FZE…

…ADF is implementing the initiative in partnership with Vetiva Capital Management and the Nigerian Exchange Group through the Securities and Exchange Commission-approved IPO subscription infrastructure. The foundation disclosed that it would neither receive nor hold applicants’ or sponsors’ subscription funds, adding th…

…for tax exemption for pension funds, among other investors. The bonds are listed on the Nigerian Exchange Limited and qualify as liquid assets for liquidity ratio calculations for banks. The DMO stated that the savings bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon t…

…by a real, operational, cash-generating asset. But the structural risks remain. The Nigerian Exchange lacks depth. Liquidity is thin. Exit options for retail investors are constrained. And the same regulatory apparatus that allowed N800 billion to vanish in private placements is now being asked to oversee the largest p…

…mean very different things: Local stockbroking apps that give access to shares on the Nigerian Exchange International investing apps that offer US stocks and ETFs Forex and CFD platforms for short-term trading of currencies, indices and commodities Crypto exchanges Each has different risks and rules. A long-term invest…

…NGXMeanwhile, Legit.ng earlier reported that OPay is planning to list its shares on the Nigerian Exchange, giving local investors access to one of Africa's biggest fintech companies.The fintech processed $358bn in gross transaction value in 2025, more than double the previous year, as revenue jumped 161% to $536.3m.OPa…

…Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group, Greenwich Merchant Bank Plc, among others. The organisers said the session will culminate in a live showcase of the Business Value and Sustainability Platform (BVSP) — a light-tou…

…exchange gains and asset disposals. The company, in its audited results released to the Nigerian Exchange Limited (NGX), also proposed a N2.50 dividend per share, subject to shareholders’ approval at its Annual General Meeting scheduled for October 28, 2026. Revenue increased by 22 percent to N260.46 billion, compared…

ASI gains 0.81 percent on FTSE Russell reclassification catalyst TRADING activity on the Nigerian Exchange Limited (NGX) contracted sharply, last week, with equity volume falling by 3.74 billion shares, or 59.8 percent week-on-week, even as the benchmark index recovered on renewed buying interest in selected large-cap…

…is according to data analysis of the companies' financial results obtained from the Nigerian Exchange.The figures showed continued growth despite persistent inflationary pressure, high energy costs and foreign exchange volatility.Nigerian Breweries led Nigeria’s consumer goods companies by revenue Photo: BloombergImage…

…eighth consecutive session on Thursday. DAILY POST reports that equities listed on the Nigerian Exchange Limited, NGX, have continued to experience significant declines since Tuesday, August 11, 2026. Last week, investors on the NGX lost N3.8 trillion in four consecutive bearish sessions. So far this week, from Monday…

…participation. Unclaimed dividends have long remained a key structural issue within the Nigerian Exchange Limited ecosystem, largely due to paper-based registration, missing bank verification details, and legacy account records. By building digital touchpoints that enable automated identity verification and seamless da…

…dragged the benchmark index lower, wiping N544.48 billion from investors’ wealth. The Nigerian Exchange All-Share Index declined by 0.35 per cent to close at 241,611.23 points, moderating its year-to-date return to 55.26 per cent. Consequently, market capitalisation fell to N155.97 trillion, reflecting continued weakne…

Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. The 24 companies, drawn largely from the banking, consumer goods, industria…

…system.Investors lose N438bn after tradingMeanwhile, at the trading floor of the Nigerian Exchange, earlier, Legit.ng reported that the market closed negatively for the second consecutive session on Thursday, August 26.Data showed that the market downturn was driven by profit-taking in banking, consumer goods, industri…

Investors in the Nigerian Exchange Limited, NGX, recorded a massive loss of N3.8 trillion in four trading sessions, ending the week on a bearish note after the management paid a visit to President Bola Ahmed Tinubu. Data from the NGX showed that from Tuesday to Friday, the Nigerian stock market continued its decline, s…

…indication of improving economic confidence. It said the market capitalisation of the Nigerian Exchange had risen from N30.36tn in 2023 to N161tn in 2026, describing the increase as a source of wealth creation for millions of Nigerians who invest in the stock market. The report attributed the market rally partly to imp…

…shares valued at N130.636 billion in 263,439 deals was recorded on the floor of the Nigerian Exchange (NGX) during the week, compared with 4.164 billion shares worth N94.026 billion traded in 248,254 deals in the previous week.The financial services industry, measured by volume, led trading activity, with 3.126 billion…

…economy. Tinubu said this on Thursday at a meeting with the board and management of the Nigerian Exchange Group at the Presidential Villa, Abuja. Recounting his conversation with the late former president Muhammadu Buhari, the president said he was in talk with Buhari about the refinery and how to make it a reality eve…

…Bola Ahmed Tinubu’s presidency has reacted after 10 blue-chip firms listed on the Nigerian Exchange, NGX recorded a combined revenue of N14.40 trillion in the first quarter of 2026. In a statement issued on Wednesday by the President’s spokesperson, Bayo Onanuga, the Tinubu administration attributed the gains to its ec…

The Nigerian Exchange closed the trading week in the red, with the All-Share Index dropping 0.84% to 245,283.68 pointsMarket breadth turned negative as 56 stocks recorded losses against only 33 that posted gains during the weekTrading activity surged to over N404 billion worth of shares changing hands, well above the p…

…unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange Limited on Thursday. According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1.229tn recorded in the corresponding period of 2025, representing an increase of about…

…Africa’s largest cement manufacturer and the most capitalised industrial firm on the Nigerian Exchange Limited, has reported a group revenue of N2.514tn for the half-year ended 30 June 2026. According to unaudited financial statements submitted to the NGX on Wednesday, the figure represents a 21.35 per cent increase co…

…is expected to become one of the largest companies by market capitalisation on the Nigerian Exchange, significantly increasing the market's depth and liquidity. With the application now before the SEC, attention has shifted to the completion of regulatory approvals and the publication of a prospectus ahead of the antic…

The Nigerian Exchange (NGX) reversed Monday’s losses on Tuesday as renewed buying interest across insurance, industrial and consumer goods stocks lifted investors’ wealth by ₦481.18 billion, amid growing expectations that the ongoing release of half-year corporate earnings will sustain market momentum. The benchmark NG…