NGX Gains N221 Billion as Nestle Nigeria Shares Surge

Published

8 months ago

March 6, 2026

Nigerian Exchange Limited gains N221 billion as Nestle Nigeria shares rise, boosting market capitalisation to N126.32 trillion despite mixed sector performance

The Nigerian Exchange Limited recorded a N221 billion gain yesterday, driven by strong investor demand for Nestle Nigeria Plc and 32 other listed stocks.

Also read: NGX Issues Caution to Tantalizers, NPF Microfinance Over Insider Trading

Nestle Nigeria shares rose by N150, or 4.84 per cent, closing at N3,250 per share.

The market capitalisation of listed companies on NGX increased to N126.32 trillion, up N221 billion or 0.18 per cent from the opening figure of N126.1 trillion.

The NGX All-Share Index (ASI) closed at 196,807.15 basis points, up 343.93 points or 0.17 per cent from 196,463.22 points recorded at the previous session.

Month-to-date and year-to-date returns for the NGX ASI improved to +2.1 per cent and +26.5 per cent, respectively.

Sectoral performance was mixed.

The NGX Banking Index gained 0.5 per cent, while the NGX Consumer Goods Index rose 0.1 per cent.

Conversely, the NGX Insurance Index declined 1.6 per cent, and the NGX Oil & Gas Index slipped 0.2 per cent.

The NGX Industrial Goods Index closed flat.

Trading activity saw a 21.3 per cent decline in total volume to 634.01 million units, valued at N29.11 billion across 66,286 deals.

Jaiz Bank Plc was the most traded stock by volume at 137.3 million units, while GTCO Plc led by value, exchanging N5.41 billion.

Market breadth indicated a negative sentiment of 0.8x, with 37 stocks declining versus 31 gainers.

Also read: NGX Suspends Zichis Agro-Allied Shares After 772% Surge

Tripple G Plc and Multiverse led losses, each down 9.9 per cent, while NPF Microfinance Bank Plc and Eterna Plc posted the largest gains of 10 per cent each.

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Sanwo-Olu Surprises Wife Ibijoke With Flowers at Women’s Conference

Published

5 hours ago

October 27, 2026

Peculiar Adirika

Sanwo-Olu surprises wife Ibijoke with flowers and shares a kiss at COWLSO’s 26th Annual National Women’s Conference in Lagos

Lagos State Governor Babajide Sanwo-Olu surprised his wife, Dr Ibijoke Sanwo-Olu, with flowers before sharing a kiss with her at the opening ceremony of the 26th Annual National Women’s Conference in Lagos on Tuesday.

Also read: 37 Miners’ Deaths: Panel Finds Fatal Asphyxiation in NSCDC Custody

The event was organised by the Committee of Wives of Lagos State Officials (COWLSO) under the theme, “Anchored in Purpose: Be the Blueprint.”

Sanwo-Olu presented the flowers to his wife during his speech at the conference, which brings together women and leaders for discussions and activities focused on women’s empowerment and leadership.

“On behalf of COWLSO and everything that is decent, we want to appreciate you, we want to honour you,” the governor said.

The couple subsequently shared a kiss as Nigerian singer 2Baba’s song, “African Queen”, played at the event.

The conference aims to inspire women, empower leaders and promote a purposeful future through discussions and activities centred on women’s development.