Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Nigerian equities gain N650 billion as market cap hits N158 trillion

Trading on the Nigerian Exchange (NGX) closed higher on Tuesday, September 15, 2026, with the All-Share Index (ASI) rising by 1,005.27 points 0.41% just as the market capitalisation increased by N650 billion to close at N N158.4 trillion, up from N157.75 trillion in the previous session, representing a 0.41% increase. The post Nigerian equities gain N650 billion as market cap hits N158 trillion…

Nigerian equities surged N650 billion on Tuesday, September 15, 2026, as the All-Share Index (ASI) climbed 0.41% to close at 244,304.51 points, up from 243,299.24 points the previous day. This marked the fourth consecutive day of gains for the NGX ASI. The market capitalization reached N158.4 trillion, a 0.41% increase from N157.75 trillion.

Trading volume improved, with 520.65 million shares exchanged in 71,977 deals compared to 428.9 million shares in the prior session. Among the strongest sector gains, the NGX Oil/Gas Index rose 0.69% to 6,035.23, while the NGX Banking Index increased 0.05% to 2,548.00. By contrast, ECOD Bank Transnational Inc. (ETI) dropped 10% to N66.60, while Trans-Nationwide Express fell 9.93% to N2.45 and Ava Capital Plc declined 9.90% to N4.55.

Financial services remained the most actively traded segment on the main board, with 19,255 trades involving 285,127,166 shares.

Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nairametrics.com →

More in Finance & Markets

UK inflation jumps to 3.1% in August as fuel prices rise

LONDON: Britain’s annual inflation rate climbed in line with analysts’ expectations in August, official data showed Wednesday, as the Middle East war drove up fuel prices. The Consumer Prices Index rose 3.1 percent in the 12 months to August, up from 2.9 percent the previous month, the Office for National Statistics said.

More from Wednesday 16 September →