Nigeria Capital Market News
Capital market
Feb 10, 2026Nigerian Equities Market Rockets Past 173,000 Points
The Nigerian Exchange (NGX) All-Share Index (ASI) concluded the trading session on February 9th, 2026, with an emphatic 1.29% surge, decisively breaching the 173,000-point threshold. This significant leap, seeing the index jump by 2,218.7 points from its opening of 171,727.5 to close at 173,946.22, underscores a powerful resurgence of bullish sentiment, predominantly fueled by robust activity in the market's influential large-cap stocks. For Nigerian investors, this is a highly encouraging development. A rising ASI typically reflects growing optimism about corporate earnings and economic stability, often translating into increased portfolio values and potential capital gains. The overall market capitalization swelled to a new peak of N111.6 trillion, signifying a substantial increase in the total wealth held by investors in the Nigerian equities market.
Health
Feb 10, 2026May & Baker Nigeria Plc: A Resounding Turnaround Ignites Investor Confidence
May & Baker Nigeria Plc has delivered an exceptional financial performance for the full year 2025, unveiling unaudited results that paint a robust picture of growth and efficiency. This significant turnaround, particularly its impressive profit before tax of N6.55 billion – a staggering increase from N2.57 billion in 2024 – is set to bolster confidence among Nigerian investors and potentially reshape perceptions of the pharmaceutical giant's trajectory. The company's strong showing was evident across the board, with the fourth quarter alone witnessing a remarkable swing from a pre-tax loss of N168.46 million in Q4 2024 to a substantial N1.64 billion profit before tax in Q4 2025. This decisive year-on-year improvement signals effective strategic adjustments and operational optimization.
Capital market
Jan 28, 2026Nigeria's Capital Market: A Beacon of Opportunity for Discerning Investors Amidst Transformative Reforms
Nigeria's capital market is rapidly solidifying its stature as a vital and structured conduit to the vast African economic landscape. This assertion, delivered by Temi Popoola, Chief Executive Officer of NGX Group, at a recent Pan-African Investment Lounge hosted by Radiant Collective Capital (RCC), carries significant weight for Nigerian investors grappling with the nation's evolving economic narrative. Popoola's address, themed "Global Economic Outlook 2026 & Overview of the Nigerian Stock Exchange: Opportunities and Market Structure," painted a detailed picture of how Nigeria's ongoing, albeit arduous, reforms are not just theoretical constructs, but rather catalysts for tangible, often overlooked, investment opportunities.