Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
The Nigerian stock market is currently heavily controlled by a small group of companies, with just 26 firms, including MTN Nigeria Communications and Dangote Cement, accounting for over 90 per cent of the total value of the Nigerian Exchange (NGX) market capitalisation. Pinnacle Daily analysis of market data from the NGX price list for April …
Nigerian stock market closed January 2026 on a strong note, as gains in 20 key stocks, spanning heavyweight blue chips and smaller, high-volatility names, combined to lift overall market performance on the Nigerian Exchange Limited (NGX). A review of stock market data for January shows price appreciation in 10 high-cap and 10 cherry-picking stocks that …
Oando Plc posted a significantly higher income tax credit of ₦226.1 billion in 2025 from ₦163.7 billion the previous year, amid concerns over the company's weaker operations and financial position. A review of its 2025 audited financial statement released on Sunday, February 1, shows that the tax credit boosted Oando’s profit for the year, despite …
The Nigerian Exchange Limited (NGX) has granted 24 months for Multi-Trex Integrated Foods Plc to comply with the free float requirement. Multi-Trex disclosed this in a statement on Thursday signed by its Secretary, Sogunle Adebisi Adekunle. It said the approval followed its application to the NGX for additional time to meet the prescribed free float …
The Nigerian stock market recorded its first weekly decline in 2026, as investors lost about N394 billion amid sustained profit-taking. The All-Share Index (ASI) fell by 0.37 per cent week-on-week to close at 165,512.18 points, reflecting weaker investor sentiment. Market capitalisation also declined by 0.37 per cent to N105.96 trillion, from N106.35 trillion in the …
Several overlooked stocks emerged as major drivers of Nigeria’s stock market in 2025, delivering unexpectedly strong performances. The forces behind their gains may shape future investment decisions and signal patterns investors should watch. Pinnacle Daily reported that the stock market delivered a robust 51.19 per cent year-to-date return and a ₦36.62 trillion gain for investors. …
Eterna Plc said it has received the Securities and Exchange Commission's (SEC) approval to proceed with its ₦21.52 billion Rights Issue of 978,108,485 ordinary shares of ₦0.50 each at ₦22.00 per share. The disclosure was made in a statement issued on Monday by the Company Secretary, David Edet, and sent to shareholders and the Nigerian …
Access Holdings, Oando and Conoil ranked among the worst-performing equities on the Nigerian Exchange Limited (NGX) during the 2025 trading year, as several stocks recorded steep declines in market value. Other equities that completed the bottom ten list include VFD Group, Sunu Assurances, Africa Prudential, Lasaco Assurance, Haldane McCall, Industrial and Medical Gases Nigeria, and …
President Bola Tinubu has commended corporate Nigeria, market operators and investors for pushing the Nigerian Exchange (NGX) past the ₦100 trillion market capitalisation milestone. The President described the achievement as a source of inspiration for participants in the money and capital markets. He made the remarks in a statement issued on Thursday by his Special …
