NGX WEEKLY REWIND: Jun 8 - 11, 2026.
A four-day trading week didn't slow down the momentum on
#NGX ! Due to the Federal Government declaring Friday, June 12, 2026, a public holiday to commemorate Democracy Day, investors packed massive volume into just four days.
Turnover surged as investors traded 4.964 billion shares worth ₦207.521 billion across 235,966 deals this week. This marks a sharp climb in value compared to the 3.966 billion shares valued at ₦175.659 billion traded in 343,587 deals last week.
Headlines
1. Dangote Refinery has been valued at a staggering $39.1 billion in a recent private placement. (via
@Nairametrics ).
"According to an Information Memorandum seen by Nairametrics, the refinery is offering 3 billion ordinary shares at a placement price of $0.35 per share.
The transaction is expected to raise approximately $1 billion and has already attracted strong investor interest, with indications suggesting that the offer may be oversubscribed following the close of the indication-of-interest period."
2. Conoil has proposed a ₦1.39 billion dividend payout, despite experiencing a 77% profit slump in 2025. (via
@Nairametrics ).
"Conoil Plc has proposed a dividend of N2.00 per share for the 2025 financial year, amounting to a total payout of N1.387 billion, despite reporting a sharp decline in profitability as rising borrowings and finance costs weighed heavily on earnings.
The proposed dividend, subject to shareholder approval at the company’s Annual General Meeting, represents a 42.9% decline from the N3.50 per share paid for the 2024 financial year, according to the company’s audited financial statement filed with the Nigerian Exchange (NGX) on Friday, June 12."
3. NGX Group Chairman, Alhaji Dr. Kwairanga, visited the Abu Dhabi Securities Exchange to explore strategic collaborations on cross-border listings. (via
@proshare ).
"For market participants, the engagement reflects the NGX's broader ambition to position Nigeria as a leading investment destination while expanding its connectivity with major global financial centres."
📈 Market Pulse
All-Share Index (ASI): 244,738.74
Equity Capitalization: ₦156.97 Trillion
Total Deals: 235,966
@ngxgrp #NigerianStockMarket #NGX