Author: Julius Alagbe

MTN Nigeria Hits 52-Week High pf N10.45T as Q3 Earnings Loom Investors pitched their tents with MTN Nigeria ahead of the third quarter of 2025 earnings release. The telecom company’s market value edged higher to about N10.5 trillion, its record high on the Nigerian Exchange. Investors seeking positions are on the rise, with projections showing the telecom company will maintain its earnings growth and strengthened balance sheet quality. With higher earnings expectations, equity analysts have raised their target prices for the telco, which controls about 60% of the market share in the Nigerian telecom sector. Some stockbrokers confirmed that MTN…

Naira Steadies at N1463/$ in Absence of FX Liquidity Pressure Reflecting the absence of demand pressures, the naira held its position against the US dollar at the Nigerian foreign exchange market. An update to the FX report by the Apex Bank showed signals there was general improvement in US dollar volume supplied versus demand. The spot rate touched an intraday low of N1452 per dollar, though the rate closed much higher at N1462 per dollar, tracking the intraday high of N1466. The update FX data signalled absence of US dollar demand pressures in the currency market as against last week…

NSE Launches $17.4m Engineering Education Partnership with Indian Software Firm The Nigerian Society of Engineers (NSE) has launched a 17.4 million dollar partnership with MIDAS IT, India, a software company, towards providing engineering education in 15 Nigerian universities. Dr Felicia Agubata, Vice President, NSE Corporate Services, in a statement on Wednesday in Lagos, said the support areas for the universities include civil, structural and geo-technical engineering education and research. She said the initiative was part of the NSE’s ongoing efforts to enhance the practical knowledge and technical capabilities of engineering students in Nigeria. According to her, donation of MIDAS software…

Nigerian Exchange Hits N97.58trn as Investors Gain N1.45trn The Nigerian Exchange (NGX) market capitalisation crossed N97 trillion mark as investors’ bullish sentiment heightened.  Trading data showed that equity portfolio value surged by about N1.45 trillion to close at N97.58 trillion due to investors’ interest in bellwether stocks. Trading direction lifted key market performance indicators, and the All-Share Index advanced by 1.50% on Wednesday. The market capitalisation expansion was fuelled by investors interest in NASCON, DANGCEM, MTNN, ARADEL and 27 other equities. Stockbrokers said the renewed demand reflects heightened confidence among market participants, buoyed by expectations of improved corporate earnings from…

NNPCL Posts N4.2trn Revenue, Remits N10trn To Federation Account The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦4.26 trillion revenue in August alone, according to the company’s September 2025 monthly performance report released on Tuesday. The firm also remitted ₦10.073 trillion to the Federation Account between January and August 2025. The remitted funds include proceeds from crude and condensate sales, gas sales, royalties, taxes, and other payments due to the Federation. Remittance in August was an increase of about ₦1.21 trillion compared to July. Between January and July 2025, the company’s cumulative remittance was around ₦8.86 trillion. Crude oil…

2027 Election: Over 8m Nigerians Complete Pre-Online Registration – INEC The Independent National Electoral Commission (INEC) has announced that more than eight million Nigerians have completed the pre-online registration in the ongoing nationwide Continuous Voter Registration (CVR). The commission, in an update released in Abuja, said that 1,7 million Nigerians have completed their registration. The statistics for week nine for the online shows that of 8,003,196 Imo State recorded the highest number with 826,850 representing 10.32 per cent, followed by Lagos State with 604,619 representing 7.56 per cent and Ogun with 510,062 representing 6.37 per cent. The state with the…

The Crypto Market is Blazing Right Now with New Cryptos, Pre-Sale Crypto Options and Live Data Tracking Options It is absolutely fascinating to see how much the crypto market has changed and evolved, not only over the past few years but the past months or even days. There is no market out there that moves as quickly as this one does. Can you find one? It is very difficult to because every economic and political change around the world impacts the value of this currency. This makes it both interesting but also very volatile. If you would like to keep…

First Holdco Climbs by 4.5% on Significant Trade Volume First Holdco Plc’s market value increased by about 4.5% as the Nigerian Exchange (NGX) recorded significant market activities on the financial services company shares on Tuesday. The Holdco share price climbed amidst historical fluctuation that keeps its movement restricted. First Holdco is expected to release its Q3 earnings in coming weeks, and the market anticipates the scorecard to trigger investors’ action. According to its trading data from the Nigerian market, First Holdco share price climbed to N33.95, up by 4.46% from its previous close over a huge trading volume executed by…

BUA Foods Hits N12.465trn, Highest in Nigerian Market The stock market value of BUA Foods Plc’s 18 billion shares outstanding on the Nigerian Exchange (ngx) surged to N12.465 trillion as investors increased their bet on the market mover. In absolute terms, BUA Foods market value increased by N765 billion, up from N11.700 trillion to N12.465 billion because of not so much trade volume executed. Trading data showed that the consumer goods company reached a new height on Tuesday as 311, 019 units of BUA Foods valued at N212.169 million were executed in the local bourse, driven by buy side actors.…

Naira Climbs to N1463/$ as FX Reserves Reach $42.792bn The Nigerian local currency, the naira, appreciated against the dominant US dollar at the official FX market, trading at N1463 per greenback on Tuesday amidst growing external reserves. The local currency touched an intraday high of N1466 per dollar at the official market, reflecting a significant improvement from N1470 the previous day. The Central Bank of Nigeria (CBN) daily FX update showed that the spot rate closed at N1463.4520 in the absence of significant demand for US dollars. Exporters and inflows from international oil companies helped strengthen the supply side, while…