The rally was driven by increased demand for stocks such as NGX Group, Trans-Nationwide Express, MC Nichols, VFD Group, CHAMS, and 27 others.

Market capitalisation rose from an opening value of N131.165 trillion to close at N131.608 trillion, representing a gain of 0.34 per cent or N443 billion.

In the same vein, the All-Share Index advanced from 203,770.43 to 204,458.86, reflecting an increase of 688.43 points or 0.34 per cent.

This led to an increase in the Year-to-Date return to 31.39 per cent while the market breadth closed positive with 32 gainers and 24 losers.

NGX Group led the gainers’ chart by 10 per cent, closing at N153.45.

Trans-Nationwide Express trailed by 9.81 per cent, ending the session at N4.14.

MC Nichols soared by 9.74 per cent, settling at N7.10 per share.

Also, VFD Group gained by 9.71 per cent, finishing at N11.30 and CHAMS increased by 8.96 per cent, closing at N3.65 per share.

On the other hand, Berger Paints topped the losers’ chart by 9.95 per cent, ending the session at N68.35.

Academy followed by 9.71 per cent, finishing at N7.90 and Caverton Offshore Support Group dipped by 5.98 per cent, closing at N5.50 per share.

Similarly, Honeywell Flour shed by 4.92 per cent, settling at N20.30 while CAP dipped by 3.81 per cent, closing at N96 per share.

Trading activity declined at the close of the session, as total volume fell by 14.33 per cent to 470.01 million shares, valued at N32.45 billion across 60,793 deals.

Access Corporation led the volume chart with 54.91 million shares traded, representing 11.68 per cent of the day’s total volume.

Aradel topped the value chart with transactions worth N7.05 billion, accounting for 21.74 per cent of the total value traded.

Source: NAN

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Data from the Nigerian Exchange Ltd., NGX, showed that market capitalisation was down by 0.01 per cent to N106.342 trillion, from N106.353 trillion at the previous close.

The All-Share Index, ASI, also dipped marginally, shedding 17 points or 0.01 per cent to close at 166,112.50, compared with 166,129.50 recorded on Friday.

The downward performance was driven by selloffs in stocks such as Industrial and Medical Gases, Haldane McCall, LivingTrust Mortgage Bank, Ikeja Hotel and Union Dicon Salt, alongside 19 other decliners.

However, market breadth closed positive with 44 gainers against 24 losers.

NCR Nigeria, Champion Breweries and Learn Africa topped the gainers’ chart, each appreciating by 10 per cent to close at N141.40, N19.25 and N7.15 per share, respectively.

Triple Gee increased by 9.94 per cent, settling at N5.86 and Neimeth International Pharmaceutical soared by 9.90 per cent, closing at N11.10 per share.

On the flip side, Industrial and Medical Gases topped the losers’ chart, shedding 9.95 per cent to close at N34.85 per share.

Haldane McCall followed with a decline of 9.88 per cent to N3.83, while LivingTrust Mortgage Bank dropped by 9.57 per cent to settle at N4.44 per share.

Also, Ikeja Hotel shed by 7.28 per cent, finishing at N32.50 and Union Dicon Salt dipped by 5.26 per cent, closing at N9 per share.

An analysis of the market activity showed a 21 per cent increase in the number of deals and a 17 per cent rise in trading volume, in spite a 12 per cent decline in transaction value.

A total of 629.6 million shares valued at N14.75 billion were exchanged across 57,858 transactions, compared to 539.9 million shares worth N16.7 billion that was traded in 48,023 deals in the previous session on Friday.

Meanwhile, Zenith Bank recorded the highest value traded at N1.57 billion, accounting for 10.64 per cent of total value traded for the day.

Secure Electronic Technology recorded the highest volume of 83.3 million traded share.

Source: NAN

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President Tinubu described thd record achievement as an inspiration for the investing public operating in the money and capital markets.

He urged Nigerians to deepen their investments in the local economy, assuring that 2026 would yield even greater returns as his administration’s economic reforms continue to deliver stronger outcomes.

“With the Nigerian Exchange (NGX) crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation.

“In 2025, while many of the world’s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world. Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group.

“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered. As the stock market reflects the entire economy, its stellar performance is a significant indicator of the country’s economic health and the confidence investors have in our economy

“On the NGX, we have witnessed remarkable performances from listed companies across all sectors. From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment.

“And we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion. As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy.

“We are not celebrating the superlative stock market performance in isolation. We are also celebrating the microeconomic effects of our reforms. After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve. Crucial monetary tightening and the removal of distortionary ‘Ways and Means’ financing have restored stability to the Naira. “Furthermore, investments in the agriculture sector have contributed to a consistent decline in inflation over the past eight months. From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026. Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians.

“Also noteworthy is the status of our nation’s current account, a valid measure of our overall economic health. In 2024, Nigeria posted a surplus of $16 billion. According to the Central Bank of Nigeria (CBN), our current account balance is projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025.

“Under our administration, Nigeria is exporting more and importing less of what we can produce locally. Non-oil exports surged by 48% by the third quarter of 2025, totalling N9.2 trillion. Exports to Africa alone rose by 97% to N4.9 trillion. Manufacturing exports increased by 67% year-on-year in the second quarter of 2025, suggesting a strong close to the year.

“Nigeria’s foreign reserves have crossed the $45 billion mark, giving the Central Bank the firepower to maintain stability. The Naira has stabilised, moving away from the volatility that once fuelled speculation. The Central Bank of Nigeria, in its latest outlook, projects foreign reserves will cross the $50 billion threshold in the first quarter of 2026.

“We are also seeing an expansion of the rail networks, the completion of major arterial roads and the revitalisation of our ports. With the transformative Lagos-Calabar and Sokoto-Badagry superhighways, the nation’s infrastructure is growing.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund (NELFUND), and universities are receiving increased research grants.

“Nation-building is a process, not a destination. Hard work, sacrifices, and the focus of its citizens build a nation. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive.

“As your leader, I pledge to continue working unrelentingly to build an egalitarian, transparent, and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1,” President Tinubu said.

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The post Tinubu applauds NGX N100trn milestone, charges Nigerians to invest more locally appeared first on Frontpageng.

The performance was driven by increased interest in top equities such as Union Dicon Salt, Austinlaz, Tantalizer, Aluminium Extrusion Industries, Champion Breweries and 29 other advancing stocks.

Specifically, the market capitalisation, which stood at N95.856 trillion at the opening, closed at N96.936 trillion.

Similarly, the All-Share Index (ASI) edged up by 1,694.33 points or 1.13 per cent, closing at 152,057.38, compared to 150,363.05 recorded on Thursday.

The uptick pushed the Year-To-Date, YTD, return to 47.73 per cent, underlining sustained investor’s confidence.

Also, the market breadth closed positive with 34 gainers and 24 losers.

Union Dicon Salt and Austinlaz led the gainers’ chart by 10 per cent each, closing at N6.60 and N2.42 per share respectively.

Tantalizer increased by 9.80 per cent, ending the session at N2.69, Aluminium Extrusion Industries grew by 9.78 per cent, settling at N12.35 while Champion Breweries rose by 9.71 per cent, closing at N16.95 per share.

On the other hand, Sovereign Trust Insurance led the losers’ chart by 7.42 per cent, finishing at N3.87 while Royal Exchange and Omatek Ventures followed by 6.84 per cent each, closing at N1.77 and N1.09 per share respectively.

Eterna dipped by 5.63 per cent, closing at N28.50 per share.

An assessment of market activity revealed a decline in market value alongside an increase in trading volume and the number of deals.

A total of 1.5 billion shares worth N21.8 billion was traded in 25,669 transactions, compared to the previous day’s 839.8 billion shares valued at N32.8 billion that was exchanged across 23,211 deals.

Neimeth recorded the highest volume and value, with 500.98 million shares traded, at N3.01 billion.

Speaking on the bullish rally, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, said the week-long surge was normal and expected.

He explained that year-end trading was typically characterised by bullish rallies, adding that there was nothing unusual driving the market to that level.

Source: NAN

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The announcement was made in a notification issued by the Group Company Secretary, Abiola Baruwa, for First HoldCo Plc in the document dated November 27, 2025.

The company said the notification was for the attention of the NGX and the investing public that First HoldCo Plc had successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.

The notification reads in full:

“NOTIFICATION OF COMPLETION OF SALE OF FBNQUEST MERCHANT BANK LIMITED

“In line with the Nigerian Exchange Limited (NGX) Rulebook, we wish to inform NGX and the investing public that First HoldCo Plc has successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.

“This transaction has been finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.”

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Specifically, the market capitalisation closed at N89.198 trillion compared to the opening value of N89.524 trillion.

Similarly, the All-Share Index, ASI, declined by 568.62 points or 0.4 per cent, ending the day at 140,929.60, down from 141,498.22 recorded on Monday.

The downturn was primarily driven by profit-taking in key stocks like Dangote Sugar, Wema Bank, Secure Electronic Technology, Access Corporation, Aradel Holdings and 30 others.

Also the market breadth closed negative with 35 losers against 16 gainers.

Dangote Sugar led the decliners’ table, dropping by 10 per cent, to close at N54, Wema Bank followed, falling by 8.27 per cent, settling at N18.85 while Secure Electronic Technology lost by 6.25 per cent, closing at 75k per share.

Access Corporation dipped by 4.98 per cent, finishing at N24.80 and Aradel Holdings decreased by 4.76 per cent, ending the session at N560 per share.

Conversely, Thomas Wyatt Nigeria led the advancers’ table, increasing by 9.80 per cent, closing at N2.80 while Chellaram grew by 9.59 per cent, settling at N16 per share.

RT Briscoe gained by 9.50 per cent, closing at N3.29 and Custodian Investment rose by 9.40 per cent, ending the session at N48.30 per share.

Also, NGX Group soared by 6.99 per cent, closing at N58.95 per share.

A study of the market activity revealed increase in the market volume and value with decline in the deals, as 759.1 million shares worth N25.7 billion were exchanged across 23,657 transactions.

This is compared to 488.5 million shares valued at N13.7 billion that was traded in 28,621 deals.

Meanwhile, Consolidated Hallmark Holdings topped the activity chart in volume with 169.6 million shares worth N644.7 million.

Zenith Bank followed with 104.4 million shares valued at N6.9 billion while FirstHoldCo transacted 100.9 million shares worth N3.2 billion.

Fidelity Bank sold 52.5 million shares valued at N1.1 billion and GTCO traded 45 million shares worth N4.1 billion.

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The downturn was primarily driven by losses in Cornerstone Insurance, RT Briscoe, ABC Transport, NGX Group, Mutual Benefits and 36 other stocks.

Specifically, the market capitalisation, which opened at N89.696 trillion, dropped by N324 billion or 0.36 per cent to close at N89.372 trillion.

Similarly, the All-Share Index fell by 0.36 per cent or 512.60 points to close at 141,248.76, compared to 141,761.36 recorded on Tuesday.

Meanwhile, the market breadth also closed negative with 40 losers against 17 gainers.

Cornerstone Insurance and RT Briscoe led the losers’ table by 10 per cent each, closing at N6.39 and N3.06 per share respectively.

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ABC Transport followed by 9.80 per cent, settling at N4.51 and NGX Group fell by 9.70 per cent, finishing at N53.55 per share.

Also, Mutual Benefits shed by 9.58 per cent, ending the session at N4.06 per share.

Deap Capital Management led the gainers’ table by 4.82 per cent, closing at N1.74 while Legend Internet rose by 4.63 per cent, finishing at N5.65 per share.

Honeywell Flour Mill dipped by 4.17 per cent, settling at N22.50 and Tantalizer dropped by 3.60 per cent, ending the session at N2.59 per share.

Similarly, Africa Prudential gained by 3.13 per cent, closing at N16.50 per share.

Analysis of the market activity revealed increase in market volume and value with a decline in market transactions as 682.9 million shares worth N22.2 billion were traded across 28,695 transactions

This is compared to 605.02 million shares valued at N12.89 billion that was exchanged across 28,845 transactions earlier on Tuesday.

Meanwhile, FCMB Group led the activity chart in volume of 108.5 million shares valued at N1.19 billion.

This marked the third consecutive trading session in the week FCMB Group would be leading the market activity in volume.

Sterling Bank followed with 86.04 million shares worth N688.1 million while Cutix sold 45.8 million shares valued at N155.69 million.

Access Corporation transacted 39.34 million shares worth N1.1 billion and FirstHoldCo traded 35.8 million shares valued at N1.16 billion.

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He noted the phenomenal rise in market capitalisation and increased trading activity, which have broadened investment opportunities for Nigerians and international investors.

President Tinubu spoke on Tuesday when he received the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc during his state visit to Brazil.

He described the market’s performance as a clear reflection of investor confidence in his administration’s reforms and bold economic measures.

“Nigeria’s markets must be a trusted engine of enterprise and prosperity. My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation, so that our economy works for every Nigerian,” President Tinubu said.

President Tinubu lauded the NGX Board and SEC leadership for their commitment, affirming his administration’s unwavering resolve to elevate Nigeria’s financial ecosystem.

He stressed that this dialogue is vital to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s premier investment destination.

The president promised to continue supporting the capital market and was ready to implement additional reforms to strengthen and expand the sector.

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SEC Director-General Dr. Emomotimi Agama applauded the recent signing of the Investment and Securities Act, ISA, 2025 and described it as one of Africa’s most comprehensive legal frameworks for capital markets.

He stated that the Act would propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.

NGX Group Chairman, Alhaji Umaru Kwairanga, expressed gratitude for the President’s bold reforms, noting that trading volumes and market values have nearly tripled since the commencement of the current administration.

He urged the fast-tracking of the listing of major state-owned enterprises, such as NNPC Limited, and the introduction of tax incentives to sustain this momentum. He also invited the President to visit the NGX trading floor to recognise these achievements.

Temi Popoola, Group CEO of NGX Group, emphasised the importance of positioning Nigeria’s Exchange as a global investment hub through stronger partnerships, modernised market infrastructure, and deeper product innovation. He joined the delegation in thanking the president for his bold reforms.

Furthermore, he emphasised that expanding retail investor participation through digital channels would promote inclusive and sustainable market growth.

Nonso Okpala, Director NGX Group Plc, commended the administration’s reforms, citing exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda as drivers of the company’s growth.

He encouraged other Nigerian businesses to list on NGX as a pathway to democratising wealth and broadening participation.

The post Tinubu hosts NGX group board and SEC D-G in Brazil appeared first on Frontpageng.

Time is 10 a.m. prompt.

The theme of the Roundtable is Fintech & Financial Inclusion: The Opportunities & Challenges for Nigeria.

In a statement, Prince Cookey, Publisher/Editor-in-Chief of Business Journal Media Group said the choice of Umaru Kwairanga to chair the event is a reflection of his immense and chequered journey in the Nigerian economic system over the years.

“Dr. Umaru Kwairanga is a noted player in the Nigerian economy and financial services sector. Over the years, he has carved a positive niche in driving the narrative in national policy formulation, implementation and review. He remains a worthy point of reference and role model to current and future players in the Nigerian economy.”

Kwairanga, Sarkin Fulani Gombe and Group Chairman, Nigerian Exchange Group (NGX), is a notable player in the Nigerian corporate world, a thoroughbred professional and a prominent community leader in Gombe State and the North East region.

He has served at the highest levels of the banking, pension, investment, manufacturing and commercial sectors of Nigeria’s economy.

He is the current chairman of the Nigerian Exchange Group Plc, Nigeria’s oldest stock exchange and also chairman of Tangerine General Insurance Limited.

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The NGX chairman is also a Director on the Boards of First Bank Senegal Limited, Tangerine Apt Pensions Limited and the Group Managing Director of Finmal Finance Services Limited.

He is a past chairman of Ashaka Cement plc and previously served on the Boards of Jaiz Bank Plc, Central Securities Clearing System Plc, Lafarge Africa Plc and First Bank Mortgages Limited to mention a few.

Professionally, Kwairanga is a Fellow of the Chartered Institute of Stockbrokers, Chartered Institute of Directors of Nigeria, the Certified Pension Institute of Nigeria and the Abuja Commodities and Securities Exchange.

He is also a Council Member of the Chartered Institute of Stockbrokers; the Chartered Institute of Directors and he is the current president of the Certified Pensions Institute of Nigeria.

Kwairanga is a holder of the prominent traditional title of Sarkin Fulani Gombe and has led several initiatives for peace and development in Gombe State and the North East region in general.

He has also been involved in policy and strategy formulation in the public sector as a Member of the Vision 2020 Committee, the Presidential Advisory Committee on the Nigerian Industrial Revolution Plan and several committees of the Securities and Exchange Commission, SEC.

The post Kwairanga to chair Business Journal Fintech Roundtable appeared first on Frontpageng.

The NGX market capitalisation rose by N315 billion representing 0.46 per cent, closing at N68.357 trillion, up from N68.042 trillion on Monday.

Similarly, the All-Share Index, ASI, increased by 501.14 points or 0.46per cent, closing at 108,762.61, compared to 108,261.47 in the previous session.

The uptrend was as a result of bargain-hunting in some select stocks.

Meanwhile, the market breadth closed positive with 41 gainers and 24 losers.

On the advancers’ chart, Chellaram rose by 10 per cent, to close at N11.44 per share while Oando Plc also soared by 10 per cent, settling at N49.50 per share.

Transcorp gained by 9.99 per cent, ending the session at N46.25 and Beta Glass grew by 9.96 per cent, closing at N194.30 per share.

Also, Caverton Offshore Support Group increased by 9.85 per cent, finishing at N3.68 per share.

On the decliners’ chart, Haldane McCall Plc fell by 9.85 per cent, settling at N4.21 while Academy dropped by 7.33 per cent, closing at N4.30 per share.

UPDC Real Estate Investment decreased by 6.25 per cent, ending the session at N3.00 and ABC Transport shed by 6.13 per cent, to close at N2.91 per share.

Similarly, NPF Micro finance Bank lost by 5.14 per cent, finishing at N2.03 per share.

A total of 498.48 million shares worth N10.781 billion were exchanged across 14,916 transactions.

This is compared to 414.57 million shares worth N10.72 billion that was exchanged across 16,664 transactions earlier.

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Transactions in the shares of Tantalizer topped the activity chart with 57.80 million shares valued at N131.32 million.

Access Corporation followed with 36.79 million shares worth N784.43 million while Guaranty Trust Holding Company sold 31.84 million shares valued at N2.19 billion.

Fidelity Bank traded 23.39 million shares worth N470.49 million and Nigerian Breweries transacted 26.032 million shares valued at N1.08 billion.

Mr Aruna Kebira, Managing Director of Globalview Capital Ltd. said the upward trend was a result of some investors taking their profits in line with their income objectives as short-term investors remained at alert to make profits.

He said the market witnessed a culmination of various cash out leading to profit spree.

Source: NAN

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