- Geregu Power Moves to Cure N6.03bn Bond Default
- Alphabet Tokenised bStock Rises Amidst Crypto Market Rally
- Why Some Investors Are Choosing Infrastructure Funds Over FGN Bonds
- Esso Nigeria Announces Drillship Arrival as Usan Infill Project Enters Execution Phase
- Crude Oil Prices Edge Higher, Brent Tops $92 Per Barrel
- SK Hynix Tokenised bStock Dips on Chipmaker Share Buyback Update
- Excess Liquidity in Banking System Keeps Funding Costs Stable
- Naira Weakens Against USD, EUR, GBP on Squeezed FX Liquidity
Analysis
The stock market value of MTN Nigeria Plc.’s 20.995 billion outstanding shares fell by about 5% on Tuesday
The blockbuster IPOs expected imminently from SpaceX, OpenAI and Anthropic could weaken the grip the Magnificent Seven — Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla — have held over Wall Street for years, says Nigel Green, CEO of global financial advisory deVere Group.
A total of 464 in the S&P 500 that have declared their earnings for the first quarter of 2026 surpassed expectations, South African Oldest Bank, First National Bank (FNB) said in a brief on Friday.
First HoldCo Plc extended its bullish momentum as renewed investor interest and strong market participation pushed its share price higher.
Fitch Ratings has affirmed Guaranty Trust Holding Company Plc’s (GTCO) and Guaranty Trust Bank Limited’s (GTB) – its main operating subsidiary – Long-Term Issuer Default Ratings (IDRs) at ‘B’. Fitch has also affirmed their National Long-Term Ratings at ‘AA+(nga)’.
Fitch Ratings has affirmed Stanbic IBTC Holdings PLC’s and Stanbic IBTC Bank Ltd.’s – its banking subsidiary – National Long-Term Ratings at ‘AAA(nga)’ with stable outlooks.
In capital markets, there are moments when rhetoric becomes irrelevant, and conviction is measured only in cash deployed. Today, Wednesday, May 13, 2026, delivered one of those moments.