
NGX Sheds N144.54bn as Profit-Taking Persists
The NGX All-Share Index fell 0.09% to 247,513.63 as profit-taking in heavyweight stocks wiped N144.54 billion off market capitalisation.
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The NGX All-Share Index fell 0.09% to 247,513.63 as profit-taking in heavyweight stocks wiped N144.54 billion off market capitalisation.

The initial public offering of Dangote Petroleum Refinery and Petrochemicals was scheduled to close on October 13, 2026, a landmark test of whether Nigerian retail investors will buy into the country's biggest company.

Turnover on the Nigerian Exchange rose to N158.29 billion in the first full trading week of October as investors repositioned ahead of third-quarter earnings.

Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.

Nigeria's equities market fell for a second straight session on October 13, with the All-Share Index slipping 0.09% as investors booked profits in large-cap stocks after a record run.
The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.
The All-Share Index fell 0.97% in the week ended 9 October, while trading value increased despite a drop in share volume.
Lenders led a broad advance after a softer inflation print revived bets on a pause in the tightening cycle.
The consolidation reduced outstanding shares to 6.85 billion and reset the reference price to N77 without mechanically changing investors' proportional ownership.

The country's largest financial group by assets has received another NGX extension for its audited first-half results while it waits for regulatory approval from the Central Bank of Nigeria.
TRANSCOHOT Breaks Into New High as 4% Open Surge Draws Heavy Volume TRANSCOHOT pushed into fresh territory at the NGX open on Tuesday...

A Sharp Move From a Large-Cap Stock GTCO's early decline stands out because the stock had recently moved higher from ₦130, reaching ₦137...

NPFMCRFBK Rebounds 10% at NGX Open After Monday Sell-Off NPFMCRFBK staged one of the sharpest reversals at the NGX open, jumping 10% to...

The 52-Week High Is Coming Into View ETERNA's 52-week high stands at ₦51.20, putting the stock roughly 8% below that level based on the...

A Big Move From a Heavyweight A 4% move is significant when it comes from a stock of BUACEMENT's size. The Stock Has Room Below Its...

Zenith's move is particularly notable because the bank had closed Monday at ₦135.40 after gaining 0.37%, with the stock trading close to...

UPL and CMFC Lead the Price Movers University Press led the gainers with a 9.89% increase to ₦5, narrowly ahead of CMFC, which rose...
A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.
Shareholders approved a final 70-kobo payment, taking the full-year distribution to N1 per share after an interim dividend.