Latest news from the Nigerian capital market.
PZ Cussons Nigeria has swung from negative equity to a ₦66.6bn balance sheet position, reporting a 22% rise in FY2026 revenue to ₦260.5bn and proposing a ₦2.50 per share final dividend for shareholders.
Nigeria is officially back on the global investment map. Nearly three years after being frozen out over FX repatriation failures, FTSE Russell has reclassified the country's equity market as a Frontier Market — a status that unlocks billions in passive index-tracking capital. Here's the full story: what frontier market status means, how countries qualify, why Nigeria fell out in 2023, what changed, and what it means for the Nigerian Exchange going forward.
The NGX closed the week in positive territory, adding N1.293 trillion in investor value as bargain hunters moved into undervalued large-cap banking and energy stocks. 247Market breaks down what's driving the rebound, why it's more selective than broad-based, and what Nigeria's looming Frontier Market reclassification could mean for investor sentiment heading into September.
The Nigerian Exchange (NGX) closed lower on Tuesday as continued profit-taking weighed on investor sentiment. The All-Share Index fell 0.35% to 241,611.23, while market capitalisation declined by ₦544.5 billion to ₦155.97 trillion. Market breadth remained negative, with 41 stocks declining against 23 gainers.
The NGX has postponed its revised equity pricing methodology, originally scheduled to take effect on August 17, 2026, but says implementation could still happen before month-end. The new framework will significantly reduce the volume required to move prices of high-value stocks, potentially improving price discovery while increasing short-term volatility. This analysis examines what the changes mean for investors, premium-priced stocks, liquidity, market manipulation and portfolio strategy as the market prepares for a new era of price sensitivity.
Nigeria’s stock market fell 1.1% during the week ended August 14, as profit-taking weighed on major sectors and pushed the NGX All-Share Index to 242,619.2 points. Despite the pullback, the index remains up 55.9% year-to-date. Trading activity strengthened significantly, while the naira gained against the dollar and external reserves rose to $52.3 billion. This weekly market review examines NGX performance, sector movements, top gainers and losers, money-market conditions, fixed-income trends, oil prices and the key factors likely to shape the market in the coming week.