{
  "id": 7229754,
  "title": "Banks, Insurers, Others List N2.7tn Shares on NGX Amid Recapitalisation",
  "url": "https://urgent.news/2026/09/14/banks-insurers-others-list-n2-7tn-shares-on-ngx-amid-recapitalisation",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T01:47:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/14/banks-insurers-others-list-n2-7tn-shares-on-ngx-amid-recapitalisation/"
  },
  "original_language": "en",
  "account": "In the recapitalization exercise across various sectors, Nigerian Exchange Limited (NGX) witnessed a total of N2.7 trillion in corporate listings in 2026. Dangote Sugar Refinery Plc spearheaded this effort, listing the highest amount at N485.9 billion. Presco Plc followed with N236.7 billion from a rights issue, while the insurance sector contributed N118.89 billion to comply with the sector's directive by the National Insurance Commission (NAICOM). Among individual firms, Fidelity Bank Plc, United Bank for Africa Plc (UBA), FCMB Group Plc, and First HoldCo Plc led the listings with N652.01 billion in 2026, in response to the Central Bank of Nigeria's mandate to raise fresh equity for meeting paid-up capital thresholds. Other significant listings include Access Holdings at N21.4 billion, FCMB Group at N231.83 billion, and Fidelity Bank at N227.05 billion. Additionally, Zichis Agro-Allied Industries Plc, Morison Industries Plc, and AVA Capital Plc made their debut on NGX, contributing to the overall market activity. Analysts believe the Nigerian capital market is well-equipped to support the government's $1 trillion economic agenda, citing robust liquidity and bullish market runs. The successful listing of Dangote Sugar Refinery Plc is expected to contribute to the market's growth potential.",
  "summary": "Kayode Tokede Following the conclusion of the banking/insurance sectors recapitalisation exercise, among other sectors raising fresh capital, the overall corporate listings on the Nigerian Exchange Limited (NGX) so far in 2026 stood",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}