NGX Records N2.7tn Corporate Listings in 2026

Following the completion of the banking and insurance sectors' recapitalization exercise, the Nigerian Exchange Limited (NGX) reported a total of N2.7 trillion in corporate listings for 2026. Dangote Sugar Refinery Plc led with the highest listed amount, contributing N485.9 billion through the listing of 8,097,918,827 ordinary shares at N60.00 each.

Presco Plc followed with N236.7 billion from a Rights Issue priced at N1,420.00 per share. Ten insurance companies collectively listed N118.89 billion in compliance with the National Insurance Commission's (NAICOM) recapitalization directive.

Key listings included International Energy Insurance Plc at N25.8 billion and Lasaco Assurance Plc at N18.47 billion. Additionally, major banks such as Fidelity Bank Plc and United Bank for Africa Plc (UBA) contributed to a total of N652.01 billion in listings, driven by a Central Bank of Nigeria policy requiring fresh equity to meet capital thresholds.

Other notable listings included Access Holdings and FCMB Group, among others.