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NGX

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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

Cans of Guinness Foreign Extra Stout lined up on a shelf
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

Market Pulse Africa cover card for the NGX rebound article, showing the headline and logo over a dark navy panel with a rising line chart.
Investment Signals

NGX rebounds, investors recover N103.9 billion as oil, banking stocks rise

The NGX All-Share Index rose 0.065 percent on October 14, adding N103.9 billion in market value. Here is what drove the session, from oil and gas to banks, and what to watch next.

4 min read

Market Pulse Africa cover card for the NNPC IPO article, showing the headline and logo over a dark panel with an oil refinery silhouette.
Investment Signals

NNPC advances IPO plans, addresses governance, financial reporting gaps

NNPC has finished a baseline IPO readiness assessment and is closing gaps in reporting and governance. Here is what has been confirmed, what has not, and what investors should watch.

4 min read

Dangote Petroleum Refinery complex near Lagos with a stock market display and IPO banner, representing the Dangote Refinery IPO extension.
Investment Signals

Dangote Refinery extends IPO as African investor demand surges

Dangote Refinery has extended its N2.15 trillion IPO to October 27. Here is what changed, what the offer looks like in numbers, and the risks to weigh before subscribing.

6 min read