24 firms control over 70% of Nigeria’s stock market – Vanguard

Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026. They account for 74.8 percent of the total market capitalisation of the equities market. The Vanguard reported that the 24 companies, drawn largely from the banking, consumer goods, industrial goods and energy sectors,…

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BoI Chief Exposes Nigerian Capital Market’s Capacity To Mobilise Long-Term Funding

Bank of Industry Limited (BoI) said that the domestic capital market has the capacity to mobilise long-term funding for productive investment in the country. The Managing Director/Chief Executive, BoI, Dr. Olasupo Olusi, expressed the conviction citing the oversubscription of the bank’s maiden N250 billion Series 1 Fixed Rate Bond, by domestic institutional investors within five…

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