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John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

February 4, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a

Stock Market Traders Favoured Ikeja Hotel Over Transcorp Hotels in 2025

Business·Top Stories

Nigerians Spent N81bn On Hotel Rooms In 2025

February 4, 2026

Over N81.33 billion was spent on hotel rooms in Nigeria in 2025, up from the N58.42 billion expended in 2024, representing a N22.90 billion or 39.20 percent increase, according to Prime Business Africa’s analysis. The amount is based on revenue generated by

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Business·Top Stories

Dollar Records Mixed Fortune In Parallel, Official Markets

February 3, 2026

On Tuesday, February 3, the United States dollar (USD) increased in value to N1,457.91 kobo per $1 in the black market, above the N1,454.99 kobo/$1 recorded on Monday, February 2. The dollar rate increased by N2.92 kobo during trading in the black

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

February 3, 2026

Over N332.48 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, February 3, after the all-share index (ASI) appreciated 0.31 percent. The gain was reflected in the market capitalisation, which increased from N106.16 trillion on

Opinion

How Taraba Is Shaping the Future of City Revival

February 3, 2026

By Enehizena Saliyuk City revival is often misunderstood as paint, paving stones, and photo opportunities—the visible parts of governance that lend themselves to ribbon-cutting. But the real work of reviving a city is quieter and more demanding: restoring confidence in public institutions,

Business·Top Stories

How International Breweries Recorded First Profit In Over 6 Years

February 3, 2026

After recording losses for over six years, International Breweries Plc has returned to profit in 2025 after an improvement in the company’s financial assets value and achieving its first net finance income in more than half a decade. In the company’s unaudited

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

February 2, 2026

The black market recorded a N17.99 kobo increase in the foreign exchange (FX) rate of the United States dollar (USD) on Monday, February 2. During trading, the American greenback exchanged for N1,454.99 kobo per dollar, above the N1,437 per $1 it traded

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

February 2, 2026

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30. Consequently, the market

News·Top Stories

Obi Accuses Tinubu Government of Fiscal Recklessness Over Overlapping Budgets

February 2, 2026

Former Anambra State Governor, Peter Obi, has accused the administration of President Tinubu of fiscal recklessness, citing what he described as Nigeria’s growing culture of overlapping budgets, poor implementation, and declining transparency in public finance management. In a statement on Monday, Obi

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Latest

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

Nigerians Spent N81bn On Hotel Rooms In 2025

Dollar Records Mixed Fortune In Parallel, Official Markets

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

How Taraba Is Shaping the Future of City Revival

How International Breweries Recorded First Profit In Over 6 Years

Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Obi Accuses Tinubu Government of Fiscal Recklessness Over Overlapping Budgets

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