The Nigerian stock market’s 228 per cent surge since 2023 has placed the Nigerian Exchange Limited (NGX) among the world’s strongest-performing equity markets. However, the Alliance for Economic Research and Ethics has warned that the rally comes with significant valuation and liquidity risks. In its assessment of the market, the Alliance noted that the NGX …
The Nigerian stock market entered the second half of 2026 on weaker footing after one of its strongest first-half performances in recent history, raising a critical question for investors: is the recent selloff the start of a prolonged downturn or simply a pause before another rally? Market analysts believe it is the latter. While they …
The Nigerian Exchange Limited (NGX) has introduced a major change to the way share prices move on the stock market. The rules have, however, sparked concerns among market participants. Under the revised pricing framework, stocks will now require a minimum volume of shares to be traded before their market prices can change. According to the …
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. …
