Economy
Equities Market Ends March With N516bn Surge
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/05/ngx.jpg&description=Equities Market Ends March With N516bn Surge', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/05/ngx.jpg&description=Equities Market Ends March With N516bn Surge', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Nigerian equities market has ended March, 2026 on a positive note, with a N516 billion gain, as investors showed renewed confidence in the market, particularly in large-cap stocks.
The All Share Index (ASI) gained by 803.35 points, representing a growth of 0.40 per cent to close at 201,287.78 points. Also, market capitalisation gained N516 billion to close at N129.210 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; MTN Nigeria Communications (MTNN), PZ Cussons Nigeria, Lafarge Africa, Nigerian Aviation Handling Company (NAHCO) and Cadbury Nigeria.
On market outlook, Imperial Asset Managers Limited said, “looking ahead, we expect the market to remain mixed in the short term, with investor attention increasingly pivoting to first quarter 2026 earnings releases and dividend declarations as the corporate reporting season gathers momentum. Sector rotationinto Oil & Gas already visible in today’s session may persist, alongside selective interest in insurance and growth-oriented counters that have underperformed the broader market year-to-date.
“We maintain our selective investment stance and advise investors to focus on fundamentally sound, dividend-paying stocks with strong earnings visibility, while leveraging any near-term price pullbacks as accumulation opportunities for medium- to long-term value creation.”
Investor sentiment remained broadly negative, as market breadth closed at 20 gainers against 49 decliners. Multiverse Mining & Exploration recorded the highest price gain of 9.88 per cent to close at N18.35, per share. International Energy Insurance followed with a gain of 9.49 per cent to close at N3.23, while Chams Holding Company rose by 8.40 per cent to close at N4.39, per share.
MTNN appreciated by 5.85 per cent to close at N760.00, while PZ Cussons Nigeria up by 4.59 per cent to close at N82.00, per share.
On the other hand, NPF Microfinance Bank led the losers’ chart by 10 per cent to close at N6.30, per share. Skyway Aviation Handling Company followed with a decline of 9.97 per cent to close at N143.10, while Zichis Agro Allied Industries declined by 9.96 per cent to close at N13.65, per share.
Mutual Benefits Assurance depreciated by 9.91 per cent to close at N4.09, while RT Briscoe declined by 9.90 per cent to close at N9.65, per share.
Meanwhile, the total volume traded increased by 49.63 per cent to 887.683 million units, valued at N35.560 billion, and exchanged in 53,436 deals. Transactions in the shares of Wema Bank topped the activity chart with 184.133 million shares valued at N4.788 billion. VFD Group followed with 103.560 million shares worth N1.191 billion, while Secure Electronic Technology traded 59.331 million shares valued at N63.755 million.
Chams Holdings traded 38.558 million shares valued at N151.971 million, while Access Holdings sold 27.768 million shares worth N720.086 million.
…eyes big pie in telecom sector
Swift Telephone Network Limited, STN, has announced the award of a Unified Access Service Licence, UASL, by the Nigerian Communications Commission, NCC, as it joins Nigeria’s fast growing telecoms industry.
The milestone marks STN’s formal evolution from its early beginnings as a telephone call service operating under an umbrella structure, into an independent Nigerian telecommunications company positioned to build the next generation of digital infrastructure in Nigeria.
Chief Executive Officer of STN, Oluwole Adetuyi said: “This UASL is not just a licence. It is a new chapter. It represents where we started, what we have endured, how we have evolved, and where we are going. We are building in Nigeria, for Nigeria.”
STN’s journey mirrors the story of Nigerian enterprise. From humble beginnings providing basic telephony, the company has endured changing economic conditions, evolving regulations, and market challenges.
Through perseverance and adaptation, STN has transformed into a full-service operator ready to compete and create value at scale.
The UASL grants STN the ability to provide a full range of telecommunications services such as voice, data, and access across Nigeria.
Reflecting on the resilience of STN, Adetuyi said this milestone reinforces a larger truth about Nigerian businesses to stand the test of time.
“They can evolve, compete globally, and build institutions of lasting value from Nigeria. At a time when the digital economy is central to national growth, STN is proof that local ambition, backed by resilience, can deliver world-class infrastructure”, said Adetuyi.
As STN enters this new phase, the company is committing to building a truly Nigerian telecommunications ecosystem.
Some of the key pillars of the telecom firm include, “Investment in skills development and training for Nigerian engineers, technicians and digital professionals; Prioritising partnerships with Nigerian service providers, contractors and vendors across the value chain as well as collaborations with global technology partners to deepen indigenous technical capabilities.
Other key areas, according to the company, include infrastructure development, as it intends to roll-out telecommunications infrastructure to expand access and bridge the digital divide and creation of direct employment and opportunities for Nigerian entrepreneurs in distribution, retail and support services, including increasing Nigerian ownership and leadership in the telecoms value chain.
“Our ambition is simple: to help build Nigeria’s digital economy from the ground up,” Adetuyi said.
He added: “This licence gives us the platform. Nigerian talent, Nigerian partners, and Nigerian innovation will give us the momentum.”
Director,Legal and Regulatory Services,Mrs Yetunde Okafor,explained further that “STN will in the coming weeks announce strategic partnerships, infrastructure rollout plans, and programmes to engage investors and stakeholders as it begins commercial operations under the UASL.”
Swift Telephone Network Limited is an independent Nigerian telecommunications company.
Okafor said “from its origins as a telephone call service, STN has evolved into a UASL-licensed operator committed to building resilient, inclusive, and innovative digital infrastructure for Nigeria.”
Recall that the UASL issued by the NCC authorises the holder to provide a comprehensive range of telecommunications services including fixed, mobile, voice and data services across Nigeria.
Dangote Refinery-backed MRS filling stations have reduced their petrol pump price.
A market survey by DAILY POST on Monday showed that MRS filling stations in Abuja had adjusted their petrol pump price to N1,370 per litre from N1,395 per litre.
This represents a reduction of N25 per litre.
The new price has been implemented at MRS filling stations in Katampe and along the Lugbe Expressway in Abuja.
The development comes a week after Dangote Refinery reduced its gantry petrol price to N1,325 per litre from N1,350.
With the latest downward adjustment, petrol now sells for between N1,370 and N1,450 per litre in Abuja and its environs.
The price reduction by MRS filling stations could signal a possible downward adjustment by other filling stations, including the Nigerian National Petroleum Company Limited, NNPCL, which rely on petrol from Dangote Refinery.
The Black Market Dollar-to-Naira Exchange Rate for 28th September 2026 Can Be Accessed Below.
IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
READ ALSO: Goodluck Jonathan, Olu of Warri, Others To Headline Megastar Awards 2026
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 28th September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1385 and buy at ₦1375 on Monday, 28th September, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1385
Buying Rate ₦1375
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1329
Lowest Rate ₦1328
Nigeria Celebrates Botswana at 60, Pledges Stronger Bilateral Ties
Nigeria @66: Tinubu Declares ‘Age of Prosperity’ Begins, Says Nigeria Has Corrected Its Course
Nigeria at 66: Manu Urges Peaceful Coexistence, Unity Among Nigerians
-
News22 hours agoFive men arraigned in Borno over ‘Tinubu must go’ t-shirts
-
News15 hours ago2027: If President Tinubu Loses FCT, Rivers, I Will Resign As Minister — Wike(Video)
-
News15 hours ago141 Days in Captivity: Kwara Kidnap Victim Walks Nine Days Through Bush Before Final Escape
-
News14 hours ago2027: I’ll Replicate Kabba-Bunu/Ijumu Achievements in Kogi West — TeeJay Yusuf
-
News22 hours agoJerry Eze Apologises After Thousands Shut Out of NSPPD Prayer Conference at Old Trafford
-
News14 hours agoNigeria @66: Akpabio celebrates Nigerians’ resilience; urges love, unity, belief in country’s future