Business
NASD Exchange Market Cap Soars 106% in 2025
NASD Exchange market cap rises 106% in 2025 to N2.12tn, driven by new listings, price gains, and stronger performance across equities and digital securities
The NASD Securities Exchange posted a strong performance in 2025, with total market capitalisation rising to N2.12 trillion at year-end, marking a 106 per cent increase from N1.03 trillion in 2024.
Also read: Four Killed in Cult Attack at Nawfia Market, Anambra
The growth was driven by new listings and widespread gains across listed securities.
The Exchange said its diversification strategy produced tangible results, with activity expanding across equities, fixed-income instruments, and digital securities, signalling a move from strategic planning to effective execution.
While trading on the flagship over-the-counter market remained moderate, it was bolstered by new company admissions and improved stability among existing securities.
The NASD Pension Index also recorded impressive gains, climbing 215 per cent to 3,002.68 points from 954.33 points in 2024, with listing activity continuing to play a key role in driving platform growth.
Managing Director and Chief Executive Officer of NASD, Eguarekhide Longe, stated that the performance “reinforces NASD’s positioning as Nigeria’s leading alternative securities exchange, providing flexible capital-raising and investment platforms outside the traditional exchange framework.”
Also read: CSCS launches efficient T+2 settlement in Nigerian capital market
The robust results highlight the growing relevance of alternative trading platforms in Nigeria’s capital market landscape and their potential to attract diverse investors and issuers.
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others5 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity5 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)