Market newsroom.
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CBN’s 350bps rate cut reshapes the outlook for equities, bonds and banks
Coverage of how the policy move may alter valuations, yields and bank earnings expectations.
Market capitalisation reaches a record ₦163.06tn
The ASI gained 0.23% during the session, extending a run of record market values.
Banking stocks drive 2.78% weekly NGX growth
A look at the sector rotation behind the week’s broad-market advance.
NGX market cap crosses ₦162tn for the first time
The milestone came amid a broad rise in listed-equity value.
Dangote Refinery opens ₦2.15tn public offer
The offer comprises 4.1 billion new shares at ₦525, with a minimum application of 10 shares.
Benchmark and sector indices finish the week positive
The ASI closed at 241,298.47 for the week ended 28 August.
Nigerian banks trade at discount to African peers despite 68% surge
Banking stocks are up 68% in 2026, adding ₦11tn in value, yet several lenders still trade below book value and trail peers in Kenya, South Africa and Ghana on multiples.
Bank stocks fuel NGX surge as market cap hits ₦162.68tn
Tier-1 and tier-2 banks drove volume and value, lifting the Banking Index from 2,658.95 to 2,725.39 points on concentrated buying.
SUNU Assurances lists ₦9.34bn new shares, unveils AI-driven growth plan
The insurer listed 2.08bn new shares from its ₦4.50 rights issue and is pivoting to AI-led growth in its post-recapitalisation phase.
Six NGX companies list 14.44bn new shares worth ₦37.19bn
Four recapitalised insurers drove 82% of the new listings as private placements and rights issues flooded the market with fresh equity.
NGX delists STACO Insurance after NAICOM revokes licence
The Exchange removed STACO’s securities from the Daily Official List, ending price discovery for the stock after the regulator’s licence revocation.
Equities extend rally as ASI crosses 246,000 points
Aradel surged 8.83% and the Oil & Gas Index jumped 3.87% as Seplat and Oando led a broad-based advance.
NGX sheds ₦1.67tn as sell-off deepens across sectors
Nigerian Breweries fell 9.76%, Nestlé 6.51% and Cadbury 9.94% as consumer-goods heavyweights dragged the index lower.
FTSE Russell lists Dangote Cement, others in Frontier Index Series
Nigeria’s return to Frontier Market status puts cement megacaps and other large caps on the global index map from 21 September.