- NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
- Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
- Dangote Cement Hits N18trn Market Cap. Ahead of London Listing
- Fidelity Bank Gains 14%, Investment Firm Sees Huge Upside
- Nigerian Stock Market Cap. Declines by N206bn to N160.52trn
- Oyedele Seeks Support for SMEs to Drive Nigeria’s Economic Growth
- Cardano Price Drops to $0.21 as Selloffs Hit Altcoins
- Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’
Companies
The stock market value of Dangote Cement Plc.’s 16.873 billion outstanding shares surged to N18 trillion
MTN Nigeria Plc lost about 7% of its market value on Wednesday as investors trimmed their holdings in the telecommunication company’s shares.
First Holdco Plc dropped by more than 16.78% in three days due to aggressive selloffs by the company’s shareholders in the stock market. The financial services company’s negative performance aligned with broader sentiment in the Nigerian Exchange.
Analysts at CardinalStone Securities Limited have jerked up their target price for Transnational Corporation to N69.71 per share, citing the TransAfam turnaround as the reason for their buy recommendation.
Wema Bank Plc’s market value declined by more than 9% due to heavy sell-offs on the local bourse on Tuesday. Its sharp price depreciation aligned with a broader downturn in the stock market.
Aradel Holdings Plc added 5.3% to its market value amid a surge in demand for oil stocks; its price appreciation was primarily driven by volume, despite a missed regulatory filing. Trading data from the Nigerian Exchange (NGX) showed that the volume of Aradel shares transacted was moderate.
The Nigerian Exchange (NGX) delivered a 60.90% return from January to May 2026, driven by persistent demand for stocks of local companies across sectors.