Nigerian stock market transactions have surged to N2.7 trillion in the first four months of 2025, setting a new record.

The Nigerian Exchange Limited has reported a significant 118.95% month-on-month increase in total transactions on its bourse, driven by a surge in foreign portfolio investments.

The number of Nigerian companies valued above $1 billion has risen to 11, as a strong equities rally continues to lift the valuation of the NGX’s largest players, collectively referred to by Nairametrics as SWOOTs (Stocks Worth Over One Trillion naira).

Telecoms giant Airtel Africa has signed an agreement with SpaceX to roll out Starlink’s high-speed satellite internet services across the continent, in a major move to boost digital inclusion and connectivity in remote areas.