Markets & Investing

Latest News

Nigeria market upgrade delayed by FTSE Russell over settlement concerns

Plu Team -
Global index provider FTSE Russell has placed Nigeria’s planned upgrade to Frontier Market status...
Latest News

Musk Falls Below $1 Trillion as SpaceX Rout Wipes Out Historic Fortune

Plu Team -
Elon Musk has lost his trillionaire status, less than two weeks after becoming the...
Africa

United Capital ventures into East Africa, secure historic licenses in Ethiopia, Rwanda

Plu Team -
United Capital Plc, the prominent Nigerian financial services group backed by billionaire tycoon Tony...
Business & Economy

SpaceX defies IPO tradition with $135 share price ahead of market debut

Ubong Ekott -
SpaceX has upended one of Wall Street’s longest-standing traditions by publicly setting a $135...
Business & Economy

SoftBank dethrones Toyota as Japan’s most valuable company

Ubong Ekott -
For decades, Toyota Motor was the undisputed crown jewel of Japanese capitalism — a...
Markets & Investing

NGX wipes out over 50% of Zichis shares gain as trading resumes after probe

Plu Team -
More than half of Zichis Agro-Allied Industries Plc’s explosive stock market gains have been...
Markets & Investing

MorganCapital launches asset management arm with four new products

Plu Team -
MorganCapital Group is expanding beyond its low-cost stockbroking roots, launching a new asset management...
Markets & Investing

Nigeria moves to faster stock trade settlement with T+1 plan. Here’s what it means

Plu Team -
Nigeria’s capital market is set to move to even faster settlement of stock transactions,...
Markets & Investing

Oil and gas stocks lead Nigerian market as Iran war lifts crude prices

Olawale Afolabi -
Nigeria’s stock market rose last week as a surge in global oil prices, triggered...
Main Story

NGX suspends newcomer Zichis after 859% stock surge in a month

Plu Team -
Barely a month after its debut on the Nigerian Exchange, Zichis Agro-Allied Industries Plc...
Markets & Investing

These Nigerian stocks have delivered over 200% gains just weeks into 2026

Plu Team -
Nigeria’s stock market delivered a familiar mix this week: explosive gains in a handful...
Markets & Investing

Why First HoldCo shares jumped big after a 92% profit crash

Plu Team -
At first glance, First HoldCo’s latest results looked ugly. Nigeria’s biggest banking group by...
Markets & Investing

Stocks: Afrinvest retail users up 1,000% as firm targets ₦140tn Nigerian market

Plu Team -
Afrinvest West Africa is seeing a sharp surge in retail participation on its investment...
Markets & Investing

SEC capital hike triggers pushback from brokers, fund managers

Plu Team -
Nigeria’s decision to sharply raise minimum capital requirements for capital market operators has triggered...
Markets & Investing

SEC raises capital bar for brokers, fund managers. Top tier N5bn from ₦150m

Plu Team -
Nigeria’s capital market operators are facing their most sweeping regulatory reset in more than...
Markets & Investing

Deap Capital rallies on Banklink Africa deal to fund mineral expansion

Plu Team -
Shares of Deap Capital Management & Trust Plc continued their aggressive rally on Wednesday,...
Markets & Investing

As stocks rise 51%, three men control a third of Nigeria’s N99 trillion market

Eric Ojo -
LAGOS — Nigeria’s stock market delivered headline-grabbing returns in 2025, but beneath the 51.2%...
Main Story

Nigerian stocks open 2026 at a new record high

Plu Team -
Nigerian equities opened 2026 on a strong note, with the market hitting its highest...
Markets & Investing

Is the Nigerian stock market open at Christmas? Here’s NGX schedule

Plu Team -
As the year draws to a close, investors on the Nigerian Exchange (NGX) are...
Markets & Investing

First Bank begins deduction of 10% withholding tax on short-term securities

Plu Team -
First Bank of Nigeria has begun implementing a 10% withholding tax (WHT) on interest...
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