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Nigerian Stock Market Inches Up Amid Selective Trading

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The Nigerian stock market rose modestly as investors targeted large-cap and banking stocks, with mixed performance across gainers and losers

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The Nigerian stock market closed Wednesday on a mildly positive note, extending its pattern of subdued price movement.

Also read: CSCS launches efficient T+2 settlement in Nigerian capital market

The All-Share Index (ASI) rose 10.8 points to settle at 166,267.6, marking the fourth consecutive session of limited gains.

Market activity showed signs of improvement, with trading volume rising to 822 million shares across 43,548 deals, up from 795 million shares in the previous session.

Despite the uptick in activity, overall market capitalisation remained steady at N106.4 trillion.

Stanbic IBTC and Zenith Bank led in value, each recording approximately N2.7 billion in trades, reflecting sustained interest in large-cap banking stocks.

Top gainers included McNichols, RT Briscoe, and NCR, each posting maximum daily increases of 10%, while UPDC REIT and Champion led the losers with declines of 9.68% and 9.31%, respectively.

Volume was driven by ZICHIS Agro Allied with 69.2 million shares traded, followed by NSLTECH (54.7 million) and Access Holdings (40.1 million).

Nigerian Breweries, GTCO, and Aradel also featured prominently in transaction value rankings.

Performance among heavyweight stocks was mixed.

International Breweries and Lafarge advanced modestly, while Aradel and Nigerian Breweries slipped.

Among major banking stocks, Zenith Bank and First HoldCo closed flat, Access Holdings gained slightly, and UBA and GTCO posted minor declines.

Analysts said the session highlights cautious investor behaviour, with selective accumulation in perceived value stocks and profit-taking in others.

Also read: Dr Nicky Okoye, Nigeria’s Digital Asset Markets WizKid loses Mum

The ASI’s limited movement indicates investors are reassessing entry points amid stretched valuations, though support from large-cap names could sustain moderate rallies in the near term.

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NDCCITMA rejects trademark allegations ahead of Niger Delta Summit

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The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has dismissed allegations that it appropriated the Niger Delta Economic & Investment Summit (NDEIS) brand, insisting it lawfully obtained trademark acceptance for the name and will proceed with its 2026 summit as scheduled.

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In a statement issued on September 12, 2026, the chamber described claims by Kunle Nwiwa Junior as “cheap blackmail, misleading, mischievous and a misrepresentation of the facts,” maintaining that it independently developed the summit and followed all required regulatory procedures.

According to NDCCITMA, it applied for and received a Trademark Acceptance Letter for the name Niger Delta Economic & Investment Summit (NDEIS) in August 2025 under File No. NG/TM/O/2025/387284.

The chamber said the chronology of events contradicts allegations that it copied another party’s application, arguing that its trademark acceptance predated the period during which Nwiwa’s own application was reportedly still pending before the relevant authorities.

“Economic Summit” is a generic expression

NDCCITMA further argued that the phrase “Economic Summit” is a generic description widely used for conferences that bring together governments, investors, businesses, development institutions and other stakeholders to discuss investment and economic development.

The chamber maintained that while concepts may be widely used, legal protection only arises from recognised intellectual property rights, including duly registered trademarks and other enforceable proprietary interests.

It therefore rejected suggestions that any individual or organisation has exclusive ownership of the broader concept of an economic summit.

Court grants interim injunction

Addressing reports that the summit had been halted, NDCCITMA said the dispute is already before the Federal High Court in Port Harcourt and that there is no court order restraining the event.

The chamber disclosed that in Suit No. FHC/PHC/CS/57/2026, Justice Stephen Dalyop Pam granted an interim injunction restraining the defendants—Kunle Nwiwa Junior and Keneva Consult Ltd.—from interfering with the planned summit.

According to NDCCITMA, the court also directed the defendants to remove publications, notices, petitions, social media posts and other statements allegedly considered damaging to the chamber’s name, integrity and reputation pending the hearing of its motion for interlocutory injunction.

The matter has been adjourned until September 22, 2026 for further hearing.

Chamber rejects ₦500 million demand claim

NDCCITMA also alleged that it had received a demand from Nwiwa Junior requesting ₦500 million as a condition for abandoning his claims over the summit.

The chamber said the demand was rejected, adding that it subsequently petitioned the Inspector-General of Police over what it described as repeated harassment and threats directed at its officials.

It said the petition sought police intervention, including inviting the complainant for questioning and caution where necessary.

Summit opens September 15

Despite the legal dispute, NDCCITMA reaffirmed that the 2026 Niger Delta Economic & Investment Summit will hold from September 15 to 17, 2026, at the Obi Wali Conference Centre in Port Harcourt, Rivers State.

The summit will be held under the theme “Driving Investment, Innovation & Industrial Growth in the Niger Delta” and is expected to bring together policymakers, investors, business leaders, development partners and industry stakeholders to discuss economic transformation across the region.

The chamber said it remains committed to promoting commerce, industry, trade, mining, agriculture and sustainable economic development throughout the Niger Delta while allowing the courts to determine all outstanding legal issues.

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AICL Woos Ugandan Investors, Invites Them to ABIE 2027

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AICL asked Ugandan investors Nigeria to use Abuja as an entry point and to attend ABIE 2027, as officials from both countries pushed AfCFTA trade links

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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