Ellah Lakes Plc, an integrated agro-industrial enterprise, has opened a ₦235 billion public offer to unlock its next growth strategy. The company officially declared it opened during a Facts Behind the Offer Presentation at the Nigerian Exchange Limited (NGX) on Monday, November 10. Ellah Lakes said it is issuing 18.8 billion ordinary shares at ₦12.50 …
The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
Thomas Wyatt Nigeria Plc and Premier Paints Plc are among the bottom 10 stocks on the Nigerian stock market struggling to maintain compliance with the post-listing requirements on the Nigerian Exchange Limited (NGX), checks by Pinnacle Daily have shown. Analysts see this non-compliance with post-listing requirements as negatively affecting companies' overall performance and eroding investors' …
Reaching a 55.88 per cent year-to-date return at the close of trading on Friday, October 31, total stock market capitalisation rose to N97.83 trillion, leaving investors with a N7.25 trillion gain in one month on the Nigerian Exchange Limited (NGX). This is one of the largest single-month gains in recent times that the stock market …
Foreign investors' transactions on the Nigerian Exchange Limited (NGX) rose to N387.62 billion, hitting a six-month high in September 2025. Pinnacle Daily's review of the latest monthly NGX Domestic and Foreign Portfolio Investment Report has shown. Analysis of the report revealed that transactions executed by foreign investors were highest at N699.89 billion in March but …
The Dangote Refinery and Petrochemicals has revealed plans to sell five to 10 per cent of its stake on the Nigerian Exchange (NGX) Limited within the next year. Aliko Dangote, the founder of Dangote Group, reportedly hinted at this in an interview with S&P Global on October 20. He said the move will mirror the approach …
A pinnacle Daily data analysis has revealed that out of the approximately 147 companies listed on the Nigerian Exchange Limited (NGX), 10 dominant firms are responsible for more than 60 per cent of the NGX's total market capitalization, exerting a significant influence on the exchange's overall performance BUA Foods now leads the top 10 most …
The Nigerian equities market continued on a positive momentum, with investors pocketing a ₦2.16 trillion gain in the just-concluded week, despite the negative sentiment that was printed on banking stocks. Market capitalisation, the total value of stocks listed on the Nigerian Exchange Limited (NGX), rose by 2.37 per cent week-on-week to close at ₦93.30 trillion …
FCMB Group Plc has raised its market capitalisation to N446.96 billion after converting N23.11 billion loan to shares. The debt-to-equity conversion saw the Group list an additional 3.16 billion shares at 50 kobo each on the Nigerian stock market. The Nigerian Exchange (NGX) confirmed the conversion in a statement on Tuesday, September 23. It noted …
The Nigerian stock market traded northward, gaining N822.25 billion in the just-concluded week's trading, despite investors being more cautious of major stocks, including bank shares. The resilience pushed the All-Share Index (ASI) to advance by 0.92 per cent to close at 141,845.35 points. Overall market capitalisation reflected the uptrend, rising by 0.92 per cent to …
