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NGX Ends Week in the Green as ₦1.54 Trillion Boosts Investors’ Fortunes

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NGX Ends Week in the Green as ₦1.54 Trillion Boosts Investors’ Fortunes

NGX Ends Week in the Green as ₦1.54 Trillion Boosts Investors’ Fortunes

 

The Nigerian Exchange (NGX) closed the week on a positive footing, as sustained buying interest across key stocks lifted market indicators and added over ₦1.5 trillion to investors’ portfolios.

The NGX All-Share Index advanced by 1.63 percent to close at 149,433.26 points, while market capitalization rose by 1.64 percent to ₦95.264 trillion. This represented a clear improvement from the previous week’s closing levels of 147,040.08 points and ₦93.722 trillion.

Overall, the market rally translated into a cumulative gain of ₦1.542 trillion for investors during the week under review.

Most sectoral indices ended the week in positive territory, although a few recorded losses. The NGX Banking Index slipped marginally by 0.12 percent, while the NGX AFR Dividend Yield Index declined by 0.75 percent. The NGX MERI Growth and MERI Value indices also fell by 1.07 percent and 0.27 percent, respectively. Other indices that closed lower included the NGX Oil and Gas Index, which dipped by 0.13 percent; the NGX Sovereign Bond Index, down by 2.02 percent; and the NGX Commodity Index, which shed 0.49 percent.

Despite the overall market strength, trading activity slowed compared with the previous week. A total of 4.373 billion shares valued at ₦97.783 billion were exchanged in 110,736 deals, compared with 6.617 billion shares worth ₦113.224 billion traded in 109,590 deals a week earlier.

The financial services sector dominated market activity, accounting for 2.252 billion shares valued at ₦47.204 billion in 44,808 deals. This represented 51.49 percent of total traded volume and 48.27 percent of the market’s total value. The ICT sector followed with 1.118 billion shares worth ₦13.148 billion traded in 10,413 deals, while the Oil and Gas sector ranked third with 233.89 million shares valued at ₦4.726 billion across 7,515 deals.

Trading in E-Tranzact International Plc, Access Holdings Plc, and FCMB Group Plc led the equity market, with a combined turnover of 1.921 billion shares valued at ₦22.218 billion in 9,558 deals. These transactions accounted for 43.93 percent of total market volume and 22.72 percent of total value.

The week saw mixed price movements. Forty-nine equities recorded gains, down from 55 in the previous week, while 41 equities declined, compared with 29 earlier. Fifty-seven equities closed unchanged, slightly lower than the 63 recorded in the preceding week.

Morison Industries Plc, Mecure Industries Plc, Japaul Gold and Ventures, Sovereign Trust Insurance, and PZ Cussons Nigeria emerged as the top gainers, appreciating by ₦1.15, ₦8.15, 56 kobo, 50 kobo, and ₦6.55, respectively. On the flip side, Eterna Plc, UACN Plc, E-Tranzact International Plc, Transcorp Hotels, and Chellarams Plc recorded the steepest losses, shedding ₦5.30, ₦13.80, ₦1.40, ₦17.20, and ₦1.45, respectively.

Meanwhile, the NGX announced the listing of an additional 140.1 million units of Chapel Hill Denham Management Limited’s Series 11 Nigeria Infrastructure Debt Fund at ₦109.50 per unit under its ₦200 billion issuance program. The listing, which took effect on Wednesday, December 10, 2025, increased the total outstanding units of the fund on the Exchange from 1.056 billion to 1.196 billion units, each with a face value of ₦100.

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Economy

Ashaka Cement Expansion: Inuwa Demands More Jobs for Gombe Indigenes

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Ashaka Cement Expansion: Inuwa Demands More Jobs for Gombe Indigenes

Ashaka Cement Expansion: Inuwa Demands More Jobs for Gombe Indigenes

By Auwal Ahmad Umar

Gombe State Governor, Muhammadu Inuwa Yahaya, has urged Ashaka Cement Plc to create more employment opportunities for Gombe indigenes and strengthen its Corporate Social Responsibility (CSR) programmes as the company moves ahead with its expansion project and transition to HBM Nigeria Plc.

 

The governor made the call on Tuesday while receiving the Managing Director of Ashaka Cement Plc, Ibrahim Aminu, at the Government House in Gombe. Their discussions centred on the company’s expansion plans, its transition to HBM Nigeria Plc, corporate social responsibility initiatives and tax-related matters.

 

Governor Inuwa Yahaya described Ashaka Cement as one of Gombe State’s most important industrial partners, noting that the company has played a significant role in the state’s economic growth and industrial development over the years.

 

“Ashaka Cement has remained a key partner in our industrialisation drive and socio-economic development. We appreciate the company’s contributions and encourage its management to further strengthen its Corporate Social Responsibility interventions for the benefit of our people,” the governor said.

He stressed that the company’s expansion should bring tangible benefits to residents by creating more jobs, especially for qualified indigenes from the host community.

“As the company expands, we expect to see more employment opportunities for our people, particularly those from the host communities. This will ensure that the benefits of industrial growth are shared more widely,” he added.

Governor Inuwa Yahaya also reaffirmed his administration’s commitment to sustaining policies that promote investment and economic growth, assuring existing and prospective investors of a peaceful and business-friendly environment.

“Our administration will continue to provide an enabling environment for businesses to thrive because industrial development remains critical to our economic transformation and job creation agenda,” he said.

Speaking earlier, the Managing Director of Ashaka Cement Plc, Ibrahim Aminu, thanked the governor for the cordial relationship between the company and the Gombe State Government.

He said the investor-friendly policies of the Inuwa Yahaya administration have strengthened the company’s operations and positioned it for sustained growth as it transitions to HBM Nigeria Plc.

“We appreciate the support of the Gombe State Government. The favourable business climate created by this administration has continued to enhance our operations and gives us confidence as we embark on this new phase of expansion and transition,” Aminu said.

He added that the expansion project is expected to boost the company’s operational capacity while increasing its contribution to the state’s economy through greater investment, employment opportunities and community development initiatives.

The delegation also included the Head of Corporate Affairs, Mohammed Aminu. The meeting was attended by the Attorney General and Commissioner for Justice, Zubair Muhammad Umar.

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NGX Chairman Urges Integrity, Cautions Against Risks as Investment Boom Fuels Digital Assets Debate in Lagos

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NGX Chairman Urges Integrity, Cautions Against Risks as Investment Boom Fuels Digital Assets Debate in Lagos

NGX Chairman Urges Integrity, Cautions Against Risks as Investment Boom Fuels Digital Assets Debate in Lagos

 By Auwal Ahmad Umar

The Chairman of the Nigerian Exchange Group, Alhaji (Dr) Umaru Kwairanga, has called on investment advisers and portfolio managers to uphold professionalism and guard against emerging risks amid Nigeria’s sustained capital market growth.

Speaking at the 2026 Conference of the Association of Investment Advisers and Portfolio Managers held at Oriental Hotel, Victoria Island, Lagos, Kwairanga described the current phase of the Nigerian capital market as “exciting,” noting that renewed investor confidence has driven a bullish trend now entering its third year.

The conference, themed *“Fostering Enduring Operating Environment for Digital Assets Trading and Investments: Regulators/Operators’ Perspective,”* brought together key stakeholders across the financial ecosystem to examine the future of digital asset investments in Nigeria.

NGX Chairman Urges Integrity, Cautions Against Risks as Investment Boom Fuels Digital Assets Debate in Lagos

Kwairanga said recent policy reforms and strategic coordination among government, regulators, and market operators have contributed to improved investor sentiment.

“These are exciting times for the Nigerian capital market ecosystem, as recent policy decisions have reignited confidence and sustained a bullish trend,” he said.

However, he cautioned that periods of rapid growth often come with hidden dangers, warning investors and professionals against complacency.

NGX Chairman Urges Integrity, Cautions Against Risks as Investment Boom Fuels Digital Assets Debate in Lagos

“It is easy for investors to get carried away when asset prices keep rising and assume there are no risks. This is also a time when dubious investments and unqualified advisers tend to emerge,” he added.

The NGX Chairman stressed the need for members of the association to distinguish themselves through integrity, competence, and adherence to professional ethics. According to him, investment advisers must prioritize clients’ interests, maintain objectivity, and avoid conflicts of interest.

“You must demonstrate loyalty, prudence, and care in your dealings. When you uphold these values consistently, your credibility will grow, and so will your business,” he said.

Kwairanga also challenged the association to increase its visibility and influence within Nigeria’s financial sector, urging it to deepen engagement in policy discussions and organize more capacity-building initiatives.

> “You should not rest on past achievements. Your voice must be heard wherever investment and portfolio management issues are being discussed,” he noted.

On the growing relevance of digital assets, he commended the conference organizers for choosing a timely theme, describing the sector as both promising and widely misunderstood, particularly among young investors.

He urged stakeholders to ensure that deliberations at the conference translate into actionable recommendations.

> “Your discussions should be comprehensive and reflected in a communique to be shared with regulators like the Securities and Exchange Commission and the Nigerian Exchange Group for implementation,” he said.

Kwairanga further praised the association’s collaborative approach with other industry players, noting that such partnerships are essential for sustainable growth and reduced friction within the investment ecosystem.

He expressed confidence in the leadership of the association under its president and chairman of council, Alhaji Yusuf Modibbo, describing him as an experienced professional with deep industry knowledge.

The NGX Chairman concluded by wishing participants a productive conference, expressing optimism that outcomes from the gathering would strengthen Nigeria’s investment landscape, particularly in the evolving digital assets space.

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Economy

Breaking Barriers: 15 Women Become Certified Truck Drivers in Gombe

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Breaking Barriers: 15 Women Become Certified Truck Drivers in Gombe

By Auwal Ahmad Umar

In a move that is reshaping Nigeria’s logistics landscape, Lafarge Africa Plc has graduated 15 female truck drivers under its flagship Women on Wheels programme, along with five community drivers.

The colourful ceremony, held on Thursday at the Ashaka Cement Plant, marked the end of an intensive six-month training program designed to equip participants with the skills needed to safely operate heavy-duty vehicles in the country’s demanding construction sector.

The newly certified drivers underwent rigorous instruction covering advanced vehicle handling, defensive driving, fuel efficiency, and safety protocols.

The program is not only helping to bridge the shortage of qualified drivers; it is also promoting safe roads and challenging long-standing gender stereotypes in the industry.

Representing the state government, Deputy Governor Mannasseh Jatau praised the initiative, describing it as a powerful example of how private sector investments can transform lives.

He noted that empowering women through such programmes creates opportunities that ripple across communities.

“This initiative demonstrates a strong dedication to addressing genuine societal issues while providing women with the opportunity to excel in unconventional roles,” he stated.

In his remarks, the Group Managing Director and CEO of Lafarge Africa, Lolu Alade-Akinyemi, described the graduation as a moment of pride and progress. He said the program is redefining what’s possible in the logistics value chain and proving that excellence is not defined by gender.

“You have broken barriers and stepped into a space many thought was out of reach. Carry this achievement with confidence and continue to represent excellence,” he told the graduates.

Also speaking, the company’s logistics director, Osazemen Aghatise, highlighted the broader impact of the initiative, noting that it has created a growing network of over 100 female drivers across Lafarge operations nationwide.

“This programme is about creating access and building capacity. It is proof that when given the opportunity, women can excel in any field,” he said, while urging the graduates to uphold strict safety and professional standards.

The managing director of Ashaka Cement Limited, Ibrahim Aminu, described the milestone as significant not only for the company but also for the entire North-East region.

According to him, integrating the new drivers into operations will boost efficiency while addressing workforce gaps, particularly by ensuring that there are enough qualified personnel to meet the demands of the growing transportation sector.

Speaking on behalf of her colleagues, the best graduating driver, Judith Baka, expressed gratitude for the opportunity, noting that the training has opened a new chapter in her life and career.

The event drew notable guests, including the Emir of Funakaye, Yakubu Kwairanga, and the Federal Road Safety Corps Sector Commander in Gombe, Samson Kaura, alongside other government officials and stakeholders.

Since launching the Women on Wheels initiative in 2019, Lafarge Africa has trained over 100 female truck drivers, steadily building a more inclusive workforce and setting a new standard for gender participation in Nigeria’s construction and logistics sectors.

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