NewStats: 3,265,243 , 8,186,109 topics. Date: Saturday, 14 June 2025 at 03:43 AM 5j4l4x

NGX Market Capitalization Comparison
Date Market Cap (NGN) Exchange Rate (₦/$) Market Cap (USD)
May 2023 ₦28 trillion 750/$ (approx.) $37.3 billion
May 2025 ₦70 trillion 1500/$ $43.75 billion

🧮 Analysis in Real Dollar
While nominal market cap in naira more than doubled (28T → 70T),

In real dollar , the increase is more modest:
$37.3B → $43.75B = ~17.3% increase over 2 years

This shows that:

The market is indeed growing, but not as explosively when adjusted for naira depreciation.

Currency devaluation significantly dampens the effect of local nominal gains when viewed in global .

✅ Takeaway
The NGX is growing, but the naira’s depreciation masks some of the real gains. Investors — especially foreign ones — will likely focus on the USD growth, not just the local figures.

GeneralDae:

In real dollar it is now slightly up if you use 750/$ as at May 2023.

NGX market cap as at May 2023 - 28 trillion naira (37.3 Billion USD)

NGX market cap as at May 2025 - 70 trillion naira (43.75 Billion USD).

Agbalowomeri:


Lol Oando promise and you believe

Are u saying oando and APC government are in the same failed promises.
Sorry I forgot thr is blood connection btw the ceo and the president. And blood can never lie . What can we do than to hope they do different at some point. Then again it is hard to learn new dance at old age...lol

GeneralDae:

We have to increase revenue tremendously for the borrowing to slow down. In my opinion, we should have increased VAT from 7.5% to 10% as proposed by tax reforms but law makers turned it down. Our VAT rate is one of the lowest in the world if not the lowest.

This Government has done more of domestic borrowing. In of external debts, they have only increased it by approximately 2 Billion USD to 45 Billion USD at the end of 2024 from 43 Billion USD in May 2023. It seems they are yet to access majority of those World Bank loans approved in 2024.

But, the optics is bad with some wasteful spending and the NASS keep padding budgets like they’ve always done since 1999.

I actually think the taxes to be raised should be the ones that will benefit the federal government than the states and LG.
As at today the sharing formula for VAT doesn't favor the fg. Most states are actually doing better now in of fiscal management than the fg as a result of increase revenue from VAT and they have better revenue to debt ratio than the government at the center.
The current revenue to debt ratio for the fg is not sustainable and something needs to be done about it ASAP.

Good one Fidelity Bank.

https://www.timesng.com/promoted/797898-fitch-upgrades-fidelity-banks-national-rating-to-anga-affirms-long-term-idr-at-b.html

Please is there any news on cutix plc

KarlTom:
You sure say na 45m OR 450m

Copied from nairametrics post on Facebook

Pls make una help with the latest ellahlakes results. I don check for ngx I no see oh

Streetinvestor2:
Pls make una help with the latest ellahlakes results. I don check for ngx I no see oh

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/44173_ELLAH_LAKES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2025.pdf

ARADEL. ±
CONOIL. -9.99%
ETERNA. ±
OandO. -5.83%

Yes I saw the article.

I was just curious with the volume traded within the opening half-hour...

SonofElElyonRet:

Copied from nairametrics post on Facebook

KarlTom:
Yes I saw the article.

I was just curious with the volume traded within the opening half-hour...

The article was not for today's purchase. That one go come soon

Anytime before 11:59pm is today...

Streetinvestor2:
Oando you go collect if we no see result today.
Even if na my papa get the company. I will stand by the truth irrespective of my money in it.
Onado you better bring out result as promised today....no excuse

chimex38:

Please do you have the result for Sterling Bank? Will be nice if you can post it here.
Secondly is Adenuga of GLO the majority shareholder?

chimex38:

Thanks
All those personal being paid suppose dey catch rat for that farm dey sell to raise better revenue.What are they really paying them to do..lol.This na q3 results. The journey still dey far oh as they are digging still down the hole
Thr salaries go soon become on I owe you note then stealing of farm animals and produce go start for survival. Then protest and beating of management

Streetinvestor2:
Thanks
All those personal being paid suppose dey catch rat for that farm dey sell to raise better revenue.What are they really paying them to do..lol.This na q3 results. The journey still dey far oh as they are digging still down the hole
Thr salaries go soon become on I owe you note then stealing of farm animals and produce go start for survival. Then protest and beating of management

You eh.....persin no fit laff. We hear you sha!

Picky1:


You eh.....persin no fit laff. We hear you sha!

In loco voice. This one never grow nipples talkless of breast
Oando abeg oh no bring this can result..lol

Wow. The honey in the well at circa 20.

Utalinmou:
Please is there any news on cutix plc

Cutix is still on strong buy and a very good stock to hold for a long time 1 to 5 year and also a dividend paying stock, if you can increase your holding in tone of million shares, i will advice you to go and sleep.

There are into manfacturing of cables , amoured wires , automoble wiring and will be fiting for exportation to other neighbouring countries .

Utalinmou:
Please is there any news on cutix plc

https://doclib.ngxgroup.com/Financial_NewsDocs/44192_CUTIX_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2025.pdf

By the way, how many people don refresh NGX website for more than 20x today checking for O&O results?
Make Una raise up your hand ✋☝️
Chai!! OANDO abeg no fall our hand ooo
The laugh go too plenty from your "enemies" 🥺

The panic sellers were seeing in market today, probably because there's still no info yet.......but na for evening or night those evil workers go am

yMcy56:

https://doclib.ngxgroup.com/Financial_NewsDocs/44192_CUTIX_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2025.pdf

By the way, how many people don refresh NGX website for more than 20x today?
Make Una raise up your hand ✋☝️
Chai!! OANDO abeg no fall out hand ooo
The laugh go too plenty from your "enemies" 🥺

I was wondering say u never show face today as per 30th.
Some are waiting to get back thr own pound of flesh from people like me.The god of oando will disappointment them...lol
Na god with small letter I talk oh

Streetinvestor2:
I was wondering say u never show face today as per 30th

Na to say make OANDO no pursue me for here oo
Na so so refreshing I dey do for NGX website 😁
.....but we are hopeful say na fantastic results dem go release....
All those panic sellers go still come enter at high price. 🙊
Q1 2025 should perform the magic hopefully

Streetinvestor2:
I was wondering say u never show face today as per 30th.
Some are waiting to get back thr own pound of flesh from people like me.The god of oando will disappoint them...lol
Na god with small letter I talk oh

Ameeeen 😁
Wale shebi

It is allowed on weekends
Go back to stock analysis on Monday

megawealth01:


You wan break tables today wey be FRIDAY?

Agbalowomeri:

Dem say person get 1 billion units to sell una think say na joke. Na that insider boy talk am o

Na where you dey hide to strike be that? Lol
That your 120 junction fit no work sha.

yMcy56:

https://doclib.ngxgroup.com/Financial_NewsDocs/44192_CUTIX_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2025.pdf

By the way, how many people don refresh NGX website for more than 20x today checking for O&O results?
Make Una raise up your hand ✋☝️
Chai!! OANDO abeg no fall our hand ooo
The laugh go too plenty from your "enemies" 🥺

The panic sellers were seeing in market today, probably because there's still no info yet.......but na for evening or night those evil workers go am

They have already seen it

Picky1:


Please do you have the result for Sterling Bank? Will be nice if you can post it here.
Secondly is Adenuga of GLO the majority shareholder?

AFS for Full year 2024 isnt out.
Expect it on or before 28th June as per their last disclosure.

Adenuga is not a majority shareholder.
The majority shareholder is Silverlake investments Ltd-25%
Adenuga is a shareholder of about 5.6% as @Q3(Nov 2024).

I doubt this. The frenetic selling started only just about 5 minutes to the end of trading. i think it's just panic but we will see.

Agbalowomeri:


They have already seen it

Agbalowomeri:


They have already seen it

Nobody see nothing. Wale hold that one to his chest.
Na people like forest you see dey sell today.
This cycle fit no work this time around based on stomach waves.
Watin be the name of that your own TA tool make I baptise the name too

Agbalowomeri:
They have already seen it

Lol. Maybe they interpreted it upside down.....

Besides, the volumes that panic sold was not much, a paltry 4.8M units all thru...,.for both buy and sell self!
So total sold was just 2.4M
Where person for fear be say, if those hefty people came dumping.......but heavy shareholders didn't sell...

In fact throughout the market session today, bids were more than offers with retailers sighted selling.

Wale made sure no insider saw the result prior to release from the look of things, just like Street said.

Streetinvestor2:
Thanks
All those personal being paid suppose dey catch rat for that farm dey sell to raise better revenue.What are they really paying them to do..lol.This na q3 results. The journey still dey far oh as they are digging still down the hole
Thr salaries go soon become on I owe you note then stealing of farm animals and produce go start for survival. Then protest and beating of management

Be optimistic

fashionnisir:



we cant be talking about increase in Vat tax without considering unemployment rate in the conutry, the mass will bear the cost burden .
Employment of workable and willing labour forces is also key.

What are the VATable products and services that an unemployed person must purchase as a basic necessity fo survival

Streetinvestor2:
I was wondering say u never show face today as per 30th.
Some are waiting to get back thr own pound of flesh from people like me.The god of oando will disappointment them...lol
Na god with small letter I talk oh

When you have any business deal to do with anything bearing Tinubu as name na so you go turn prayer warrior.
Just look at how Elumelu operates in openness and compare.
TOE knows he is bullish on UBA and he informed small holders before taking more positions, that is inclusiveness devoid of wickedness but see the kind of family ruling you people and how they behave, everything about them is opaque and what baffles me most is that they have ers all over who cheer them on including in the community of investors who should know more.