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12 stories
πŸ‡³πŸ‡¬ Punch
National & Local

NGX extends bearish trading as market cap sheds N73.43bn

The Nigerian Exchange Limited witnessed a slight decline in trading, with market capitalization falling by N73.43 billion amid profit-taking in banking and insurance stocks.

Feb 26 β€’ 00:03 UTC
🌍 AllAfrica
National & Local

Nigeria: Risevest Secures SEC Licence After Regulatory Standoff

Nigerian fintech Risevest has obtained a Fund and Portfolio Manager licence from the Securities and Exchange Commission, which now regulates its investment operations directly.

Feb 23 β€’ 04:49 UTC
πŸ‡³πŸ‡¬ Punch
Crime & Justice

Court convicts, fines firm for illegal BDC operation in Lagos

A Nigerian court has convicted AP McNisi Initiatives Limited for unlawfully conducting Bureau De Change operations, imposing a fine for violating foreign exchange laws.

Feb 20 β€’ 18:18 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Oando to raise N220.79bn via rights issue

Oando Plc plans to raise approximately N220.79 billion through a rights issue of new shares, pending regulatory approval.

Feb 19 β€’ 00:00 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

NGX adds ₦5.1 trillion as ASI tops 190,000 points

The Nigerian Exchange experienced a significant surge, with the All-Share Index reaching an all-time high and adding ₦5.1 trillion in market capitalization in one day.

Feb 17 β€’ 00:12 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

NGX: Investors rake in N4.14tn in three days

Investors on the Nigerian Exchange Limited saw gains of around N4.14 trillion over three days, indicating strong market performance.

Feb 12 β€’ 00:01 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Dangote Cement, Aradel buying lifts NGX by N1.4tn

Buying interest in several companies boosted the Nigerian Exchange Limited's market performance significantly.

Feb 10 β€’ 00:09 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Fortis Global Insurance resumes trading after six-year ban

Fortis Global Insurance Plc has resumed trading on the Nigerian Exchange after a six-year ban due to regulatory non-compliance.

Feb 9 β€’ 00:33 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Oil sector boosts NGX to N110.23tn market cap

The Nigerian Exchange Limited reached a record market capitalization of N110.23 trillion, driven by significant gains in the Oil & Gas sector.

Feb 9 β€’ 00:11 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Naira slides to 1,366/$ at official window

The Nigerian naira depreciated slightly against the US dollar, falling to 1,366.05 naira per dollar at the official exchange rate after a period of consecutive gains.

Feb 6 β€’ 00:08 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Investors gain N1.27tn as NGX extends bull run

Investors on the Nigerian Stock Exchange benefited from a sustained bullish trend, with market capitalization increasing by N1.27tn to close at N109.13tn.

Feb 6 β€’ 00:01 UTC
πŸ‡³πŸ‡¬ Punch
National & Local

Naira closes January at 1,386/$ in official market

The naira improved against the US dollar in the last week of January 2026, closing at 1,386/$ in the official Nigerian foreign exchange market.

Feb 3 β€’ 00:09 UTC

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