Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Eleganza Industries—dark clouds gathering

I have always confessed my more than passing interest in this business icon, and the reason for my interest, as always mentioned, is very simple.

  • Eleganza Industries, once a prominent African business empire, faces succession challenges.
  • Founder's sons show little interest in factory operations, preferring musical pursuits.
  • Potential CFO, a son of an older generation, could strengthen corporate governance.

NGX claws back N410 billion after Monday’s N1.47 trillion wipeout

The Nigerian Exchange (NGX) returned to positive territory on Tuesday, October 20, 2026, as market capitalisation of equities expanded by N410.86 billion (or 0.26%), rising from N159.26 trillion on…

  • NGX recovered N410.86 billion (0.26%) after Monday’s N1.47 trillion drop
  • All-Share Index climbed 632.79 points (0.26%) to 245,911.13
  • NGX Industrial Index led recovery with large-cap stocks like HBM Nigeria Plc

More from Tuesday 20 October →