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By Seun Ibiyemi Presco Plc has notified the Nigerian Exchange Limited (NGX) and the investing public that a meeting of its Board of Directors is scheduled to hold on January 29, 2026, through circularization, to consider and approve the company’s unaudited financial statements for the fourth quarter ended December 31, 2025. In line with NGX ...
Mutual Benefits Assurance Plc has announced that its Board of Directors will convene on Wednesday, January 28, 2026, to consider and approve the Group’s Management Financial Statements for the fourth quarter ended December 31, 2025. In a statement signed by the Company Secretary, Jide Ibitayo, the insurer confirmed that it is currently observing a Closed ...
Nigeria plans to raise about $1 billion (approximately N1.5 trillion) through a domestic green bond issuance this year as part of efforts to mobilise private capital and reduce pressure on public finances. The Minister of Environment, Balarabe Abbas Lawal, disclosed that the Federal Government is working with the International Finance Corporation (IFC), the private-sector arm ...
International Breweries Plc has notified the Nigerian Exchange Limited (NGX) and the investing public that its Board of Directors will meet on Thursday, January 29, 2026. The primary agenda of the meeting is to review and consider the company’s Unaudited Financial Statements for the period ended December 31, 2025, alongside other corporate matters. In compliance ...
Fidelity Bank Plc has successfully raised its capital base to N564.5 billion following the conclusion of its Private Placement of ordinary shares on December 31, 2025. The exercise generated N259 billion, boosting the bank's eligible capital from N305.5 billion to N564.5 billion. This figure significantly exceeds the Central Bank of Nigeria’s (CBN) N500 billion minimum ...
Ecobank Transnational Incorporated (ETI) has entered Nigeria’s exclusive trillion-naira valuation club for the first time since its listing on the Nigerian Exchange (NGX), marking a major milestone for the pan-African lender. The bank’s market capitalisation surged beyond the N1 trillion threshold on Monday, January 5, 2026, driven by robust investor demand. The bullish run continued ...
The Nigerian naira recorded a mixed performance in the foreign exchange market on Tuesday, as sustained demand for the U.S. dollar continued to shape trading activities across both official and parallel market segments. At the official Nigerian Foreign Exchange Market (NFEM), the local currency traded relatively stable against the dollar, supported by cautious market sentiment ...
Eterna Plc has obtained the approval of the Securities and Exchange Commission (SEC) to commence a Rights Issue of 978.11 million ordinary shares of ₦0.50 each at ₦22.00 per share, offering existing shareholders an opportunity to increase their equity stake in the company. The company disclosed this in a notification to its shareholders and the ...
Key stakeholders in the Nigerian capital market, the Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses (ASHON) have hailed the Federal Government’s economic reforms as the catalyst behind the Nigerian Exchange (NGX) crossing the N100 trillion capitalization mark. In a joint statement signed by ASHON Chairman, Mr. Samuel Adenagbe, and CIS ...
Champion Breweries Plc has secured approval from the Securities and Exchange Commission to raise ₦42 billion through a public offer of ordinary shares priced at ₦16 each. The company disclosed the approval in a corporate filing with the Nigerian Exchange Ltd., confirming regulatory clearance to proceed with the offer. Under the offer, Champion Breweries is ...
The Board of Directors of BUA Foods Plc is scheduled to meet on Thursday, January 29, 2026, to review the company’s unaudited financial statements for the fourth quarter (Q4) ended December 31, 2025. In a notification signed by Company Secretary Oluseye Alayande and filed with the Nigerian Exchange Limited (NGX), the company confirmed that the ...
The Nigerian Exchange Limited (NGX) has shattered historical records, crossing the N100 trillion market capitalisation mark after investors booked a staggering N3.8 trillion gain in the first full trading week of January 2026. This milestone performance, which drew commendation from President Bola Ahmed Tinubu, reflects sustained bullish sentiment and confidence in the domestic equities market. ...
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses (ASHON) have praised the Federal Government reforms supporting Nigeria’s expanding capital market. The commendation followed Nigerian Exchange Ltd’s attainment of ₦100 trillion market capitalisation. In a joint statement on Friday, the bodies described the milestone as affirming the market’s resilience, depth and ...
The stock market sustained its upward momentum on Thursday, gaining N953 billion in market capitalisation as investor confidence remained strong. Market sentiment was boosted by price appreciation in Industrial and Medical Gases, McNicholas, SCOA Nigeria, May and Baker, FTN Cocoa Processors and 43 other equities. Market capitalisation rose by 0.93 per cent, opening at N102.822 ...
Nigeria’s equities market has been ranked the third-largest in Africa by number of listed companies, highlighting the expanding role of the Nigerian capital market on the continent, according to the Organisation of Economic Co-operation and Development (OECD). The OECD’s Africa Markets Report 2025 shows that the Nigerian Exchange (NGX) has 156 listed companies, placing it ...
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has secured an upgrade in its credit ratings from Agusto & Co, receiving a long-term rating of A and a short-term rating of A1, both with a stable outlook, for the 2025–2026 financial year. The rating upgrade reflects growing confidence in the company’s financial resilience, governance ...
By Seun Ibiyemi Fidelity Bank Plc has successfully raised N259 billion from a Private Placement of Ordinary Shares, significantly strengthening its capital base as it moves to meet new regulatory requirements. In a statement issued by the Bank, the Private Placement, which opened and closed on December 31, 2025, followed approvals from the Central Bank ...
By Seun Ibiyemi Ecobank Nigeria Ltd. has completed the early repayment of more than 80 per cent of its 300 million dollar eurobond ahead of its February 2026 maturity, reinforcing its liability management strategy. The Bank said in a statement on Tuesday that it successfully concluded a tender offer, through which it prepaid about 245 ...
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) is on the verge of hitting the historic 160,000-point milestone, reflecting a strong bullish momentum in the equities market despite concerns surrounding new tax laws that took effect on January 1, 2026. On Tuesday, the ASI rose by 0.46 per cent to close at 159,951.08 points, while ...
By Seun Ibiyemi As investors position their portfolios for the 2026 financial year, the Fast-Moving Consumer Goods (FMCG) sector has emerged as a critical focal point for those seeking exposure to resilient consumer demand and recovering macroeconomic fundamentals. Driven by improving sales volumes, robust brand portfolios, and a stabilising foreign exchange environment, select FMCG stocks ...
Nigeria’s largest oil palm producer, Presco Plc, said it has completed its Rights Issue, which recorded a 103 percent subscription level, reflecting strong shareholder participation and investor confidence in the company’s strategic direction and long-term growth outlook. “The Rights Issue attracted demand in excess of the offer size, underscoring sustained investor appetite for Presco Plc’s ...
Fidelity Bank Plc has announced changes to its Board of Directors, with Mrs. Amaka Onwughalu appointed as the new Chairman of the Board following the completion of tenure of Mr. Mustafa Chike-Obi. The notice signed by the Company Secretary, Ezinwa Unuigboje to the Nigerian Exchange Limited (NGX) and the investing public, the bank said Mr. ...
