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Investors Drive ₦119.4bn Turnover On NGX As 30 Companies Get Delisted
The Nigerian Exchange (NGX) experienced a significant boost in investor activity this week, as trading value jumped by 59.6% to ₦119.394 billion, even as the Exchange took regulatory action by delisting 30 companies for failing corporate governance standards.
During the week under review, a total of 3.794 billion shares were exchanged in 89,636 deals.
This represents a slight dip in volume from the previous week’s 3.932 billion shares, but a substantial increase in value from ₦74.813 billion.
Last week’s trading also took place across a higher number of deals at 105,220.
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The Financial Services sector maintained dominance on the trading floor, accounting for 2.744 billion shares worth ₦79.805 billion across 36,458 transactions.
This sector alone contributed 72.34% of the total trade volume and 66.84% of the market value.
Trailing behind was the Consumer Goods sector, where 201.889 million shares worth ₦7.623 billion were traded in 11,922 deals.
The Services industry followed in third place with 173.748 million shares exchanged at a value of ₦1.719 billion in 6,385 transactions.
Notably, United Bank for Africa (UBA) Plc, Fidelity Bank Plc, and Access Holdings Plc were the top-performing equities.
Together, they accounted for 1.942 billion shares valued at ₦61.542 billion in 12,443 deals — making up 51.19% and 51.54% of the week’s total volume and value respectively.
In terms of market indicators, the NGX All-Share Index rose by 2.49% to close at 111,742.01, while the market capitalisation climbed to ₦70.463 trillion.
All benchmark indices recorded gains, with the exception of a few that declined: NGX CG, NGX AFR Bank Value, NGX MERI Value, NGX Oil and Gas, and NGX Growth.
These specific indices dropped by 0.01%, 0.01%, 0.64%, 2.05%, and 0.38% respectively. Meanwhile, the NGX ASeM Index remained unchanged.
Investor sentiment remained strong, as 56 equities recorded price appreciation this week—an improvement from the 52 gainers recorded the previous week.
However, 44 stocks declined in price (compared to 41 last week), while 48 remained unchanged, down from 55 in the preceding week.
The week’s top gainers included: University Press Plc: Up by 35.32%, Red Star Express Plc: Rose by 23.99%, Omatek Ventures Plc: Increased by 20%, Associated Bus Company Plc: Gained 18.47%, Northern Nigeria Flour Mills Plc: Up by 17.02%.
In contrast, the biggest losers were: Abbey Mortgage Bank: Lost ₦2.05, Legend Internet Technologies: Down ₦1.44, Nigerian Enamelware Plc: Fell ₦4.75, Industrial Medical Gases Nigeria Plc: Dropped ₦6.20, Multiverse Mining and Exploration Plc: Decreased ₦1.40.
In a regulatory update, the NGX also announced a name change for Standard Alliance Insurance Plc, now to be known as Fortis Global Insurance Plc, following shareholder approval at an Extraordinary General Meeting held on April 4.
The company’s ticker symbol has also changed from STDINSURE to FTGINSURE.
Chevron Nigeria won the second-best exhibitor award at the just-concluded 2026 Nigerian Association of Petroleum Explorationists (NAPE) conference and exhibition at Eko Hotels and Suites, Victoria Island, Lagos.
Biztellers reports that Olajumoke Cecilia Ajayi, FNAPE, NAPE President (2025–2026) and Managing Director/CEO of Ingentia Energies Limited, presented the award to Chevron, during the awards dinner on November 12, 2026.
The award is in recognition of Chevron’s outstanding exhibition, where visitors to its booth, particularly students, took part in Geology/Geophysics presentations and quizzes, word games, and Human Resources/Nigerian Content presentations and quizzes, with gifts for winners and participants.
Commenting on the award, the leader of the Chevron’s exhibition team, Dr. Victor Anyaegbudike, Manager Communications, Chevron companies in Nigeria and the Mid Africa Region, commended NAPE for its commitment to hosting the annual conference and exhibition. He noted that Chevron has operated in Nigeria for over 60 years, contributing to the country’s growth and development and making human investments that yield long-term, transformative returns.
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“At Chevron Nigeria, we drive innovation and investment to open up opportunities for growth, jobs, productivity and lasting value. Forums like the NAPE conference and exhibition matter because they bring government, academia, students and industry together around shared goals and a better understanding of one another,” he remarked.
Victor noted that Chevron is committed to building productive, collaborative and mutually beneficial relationships, grounded in trust, with governments, partners, customers, communities and employees. “We believe that affordable, reliable and ever-cleaner energy is vital to a more prosperous and sustainable world,” he said.
Attendees at the NAPE conference and exhibition included representatives of the Federal Government of Nigeria, industry regulators, industry leaders, academics, and students from tertiary institutions across the country.
The Nigerian Exchange Limited (NGX) recorded a 1.36 per cent weekly gain as its market capitalisation increased to ₦163.80 trillion at the close of trading on Friday, November 13, 2026.
The NGX All-Share Index (ASI) rose to 252,269.16 points, pushing the market’s year-to-date return to 62.11 per cent.
The performance reflected a positive trading week for the equities market, with 43 listed companies recording price appreciation, compared with 29 in the previous week.
SEE MORE:NGX Market Cap Falls to ₦163.65trn As All-Share Index Drops
According to the Exchange’s weekly market report, investors traded 8.03 billion shares valued at ₦185.36 billion in 160,836 deals during the week.
This represented a significant increase in trading volume from the 2.83 billion shares exchanged in 192,158 deals in the preceding week, although the total value of transactions declined from ₦208.41 billion.
The Financial Services Industry dominated trading activities, accounting for 4.85 billion shares worth ₦95.79 billion. This represented 60.45 per cent of the total equity turnover volume and 51.68 per cent of turnover value.
The Agriculture Industry followed with 2.24 billion shares valued at ₦22.78 billion, while the Consumer Goods Industry recorded 260.99 million shares worth ₦11.89 billion.
Further details of the market performance showed that 39 equities declined during the week, compared with 57 in the previous week, while 64 equities closed unchanged against 60 recorded in the preceding period.
On the gainers’ chart, Champion Breweries Plc emerged as the best-performing stock, appreciating by 27.27 per cent, while LivingTrust Mortgage Bank Plc recorded the biggest loss, declining by 18.53 per cent.
Meanwhile, trading in Exchange-Traded Products (ETPs) stood at 1.21 million units valued at ₦278.97 million in 3,351 deals, compared with 1.46 million units worth ₦381.82 million in 4,085 deals in the previous week.
The fixed-income segment recorded 156,612 units valued at ₦177.88 million in 41 deals, against 21.99 million units worth ₦20.60 billion in 48 deals recorded in the preceding week.
The Exchange also recorded the listing of two commercial paper instruments issued by Thrive Agric Limited.
The instruments comprised ₦3.17 billion Series 1 (Tranche A) and ₦2.09 billion Series 1 (Tranche B) Commercial Papers, with a combined value of approximately ₦5.26 billion.
Nigeria produced a daily average of 1.687 barrels of crude oil and condensate in October 2026, and met its OPEC quota for the sixth consecutive month.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that in strict crude oil terms (excluding condensate), the country produced an average of 1.51mbpd in October.
This is 101 percent of the 1.5mbpd quota set by OPEC.
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The data, released on Wednesday, also shows that single-day production hit a peak of 1.79 million barrels, while the lowest for the month under review stood at 1.60 million bpd.
The crude oil data (excluding condensate) shows that Nigeria has met its assigned OPEC quota for six straight months, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August, 1.53mobpd in September and 1.51mobpd in October.
On a month of month basis, however, production dipped by 1.7 percent.
The NUPRC attributed the stable performance in recent months to an enhanced operational stability, supported improved production uptime and crude evacuation efficiency.
The sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.
A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Forcados Terminal accounted for 318.49kbpd while Bonny comes second with 311.02kbpd.
Qua Iboe Terminal recorded an average production of 173.97kbpd of crude oil and condensates while Escravos Oil Terminal posted a daily average of 134.67kbpd.
Bonga ranked as the fifth highest producing terminal, recording an average of 106.65kbpd of crude oil and condensate.
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