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Market Closes Slightly Higher Amid Firmer Trading Momentum

January 21, 2026/United Capital Report Equities Market Summary Today, the Nigerian Exchange Market was almost flat following share price appreciation in DANGSUGAR (+0.29%) and ACCESSCORP (+0.22%). As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose slightly by 0.01% to settle at 166,267.60 points. Year-to-date returns settled at 6.85%, […]

Nigerian Equities Close Flat by 1Bp on Mixed Sentiments

January 21, 2026/Cordros Report EQUITIES The Nigerian equities market closed relatively flat in today’s session, as gains in JAIZBANK (+10.0%), JBERGER (+8.3%), and WAPCO (+0.6%) outweighed profit-taking in ETI (-6.0%), CHAMPION (-9.3%), and OANDO (-2.5%), driving the All-Share Index marginally higher by 1bp to 166,267.60 points. Sequentially, the Year-to-Date returns settled […]

NTB Primary Market Auction Expectations for 21 January 2026

January 20, 2026/Cordros Update The DMO is scheduled to conduct an NTB primary market auction tomorrow, offering NGN1.15 trillion across the three maturities: NGN150.00 billion for the 91-Day tenor, NGN200.00 billion for the 182-Day tenor, and NGN800.00 billion for the 364-Day tenor. Please see our expectations below