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African Equities

International Breweries 9M 2026: Pre-Tax Profit Rises 22% to N90.44bn as Revenue Stalls

International Breweries 9M 2026 pre-tax profit rose 22% to N90.44bn on cheaper inputs, but revenue grew 2%, tax doubled and after-tax profit slipped 5.7%.

4 min read

Aerial view of Lagos Marina with office towers and busy streets below
African Equities

NGX Group Profit Jumps 83% to N20.58bn in 9M 2026 as Transaction Fees Double

NGX Group profit before tax rose 83.29% to N20.58bn in the nine months to September 2026, driven by transaction fees that more than doubled to N20.68bn.

4 min read

Aerial view of Victoria Island, Lagos, with boats crossing the lagoon and office towers on the skyline
African Equities

First HoldCo Profit Jumps 65% to N744bn in Nine Months as Shares Hit the 10% Daily Limit

First HoldCo profit after tax rose 65% to N744.45bn in nine months to September, sending shares up the 10% daily limit to N144.10 on the NGX on Friday.

4 min read

Aerial view of Victoria Island, Lagos, with boats on the lagoon and the city skyline behind
African Equities

NGX All-Share Index Ends Week at 247,222 as Dangote Cement and First HoldCo Hit 10% Limit

The NGX All-Share Index rose 0.92% to 247,222.27 on Friday, adding N1.47 trillion as Dangote Cement and First HoldCo hit the 10% daily limit.

4 min read

Aerial view of Civic Towers, office blocks and the lagoon in Lekki, Lagos
African Equities

NGX Late Filing Fines: 15 Companies Pay N123.17 Million as Analysts Ask Whether Penalties Still Work

NGX late filing fines hit N123.17m across 15 companies, led by International Energy Insurance, Caverton and Legend Internet, as analysts push for tougher steps.

4 min read

Red-and-white refinery chimneys lit against a dark blue evening sky
African Equities

Dangote Refinery IPO Enters Final Days: NGX Says the N525 Offer Could Triple or Quintuple Nigeria's Active Investors

The Dangote refinery IPO closes 27 October at N525 a share. NGX's Temi Popoola says it could lift Nigeria's active investors three to five times. Key numbers.

4 min read

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African Equities

Guinness Nigeria Profit Rises 55% to N61.65bn in 9M 2026 as Finance Costs Fall; N7 Interim Dividend Declared

Guinness Nigeria profit before tax rose 55% to N61.65bn in 9M 2026 as finance costs fell 62%. The brewer declared a N7 interim dividend, payable 13 November.

4 min read

Aerial view of Victoria Island, Lagos, with boats on the lagoon, above a navy band with the Market Pulse Africa logo and an NGX headline
African Equities

NGX Loses N1.47 Trillion in a Day as Dangote Cement Falls 5.5% and Banks Slip

The NGX All-Share Index fell 0.91% on 19 October, wiping N1.47 trillion off market value as Dangote Cement dropped 5.5% and bank stocks saw profit-taking.

3 min read

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Investment Signals

Nigeria capital market targets N750 trillion by 2036: the maths and the risks

The Nigeria capital market master plan aims to triple the market to N750 trillion by 2036. Here is the maths, what it means for investors and the main risks.

5 min read

Alt Text: A landscape-format financial news cover image for Market Pulse Africa. The top background is a detailed, daylight photograph of the active Nigerian Exchange (NGX) trading
African Equities

Investors lose N110.16 billion as NGX market cap drops to N162.39 trillion

Equity investors on the Nigerian Exchange lost N110.16 billion on 7 October 2026 as market capitalisation fell to N162.39 trillion. The All-Share Index declined 0.07% to 250,096.75 points, extending a multi-day retreat.

2 min read

Ghana Stock Exchange building and trading floor with a rising market chart, gold bull sculpture, and Ghana highlighted on an African map, illustrating the GSE’s 22.4% year-to-date
African Equities

Ghana's GSE Up 22% YTD: What Is Driving Africa's Best-Performing Exchange in 2026

The GSE Composite has returned approximately 22.4% year to date, making it the continent's strongest market in 2026. We look at the drivers and whether the rally has further to run.

2 min read

BRVM Composite Index at approximately 201.4 with a modern Abidjan financial-market scene, a map of the eight WAEMU countries, and rising market graphics representing Francophone We
African Equities

The BRVM at 201: Understanding Francophone West Africa's Regional Stock Exchange

The Bourse Régionale des Valeurs Mobilières serves eight West African nations on a single currency. With the composite at around 201.4 and steady institutional interest, it is among the most overlooked equity markets on the continent.

2 min read