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Analysts have identified AIICO Insurance, Ikeja Hotel, Fidson Healthcare, Custodian Investment, and Mecure Industries as prime stock picks for the current week, based on their strong financial performance and dividend propositions. This selection is presented as an investment guide, not a direct recommendation.
Nigeria's stock market experienced a significant surge in January and February 2026, adding N24.4 trillion in market capitalization. This growth was driven by a shift from low-yield bonds to equities, influenced by improved macroeconomic conditions and strong corporate financial results.
The Nigerian stock market experienced a significant downturn, with investors losing N475 billion in value over the week. This marks the fourth consecutive day of declines, primarily driven by profit-taking in major stocks.
The Nigerian equities market experienced a downturn on Tuesday with the All-Share Index falling by 0.49% to 189,321.24 points, resulting in a year-to-date return of 21.66%. Market capitalisation declined by 0.47%, losing N590 billion to close at N121.5 trillion.
Dangote Fertiliser has appointed MTN Group CEO Ralph Mupita to its board, signalling an expansion of operations and preparations for an Initial Public Offering (IPO) on the Nigerian Stock Exchange.
