Latest
Market Snack Archive

Market Snack - August 12, 2026

Generated Aug 12, 06:00 WAT

Top movers

DEAP Capital Management & TrustDEAPCAP

₦3.80
+1.33%

Abbey BankABBEYBANK

₦8.50
0.00%

Abbey Building SocietyABBEYBDS

₦8.05
0.00%

Top stories

Regulation · The Punch

Data localisation will create new investment opportunities –GB CEO

Galaxy Backbone’s CEO said Nigeria’s data localisation policy is expected to create investment opportunities in data centres, cloud services and digital skills. The policy may influence development and demand across the country’s ICT ecosystem, providing a regulatory and sector context for investors tracking listed technology companies.

Macroeconomy · The Punch

Nigerians lament VAT pressure amid rising living costs

Nigerians are expressing concern about the effect of value-added tax on household finances as living costs rise. The issue is relevant to Nigerian equities because changes in consumption taxes and purchasing power may influence consumer demand, sales conditions and operating considerations for listed consumer goods companies.

Banking · The Punch

Female entrepreneurs default less on loans than men — Moniepoint

Moniepoint’s 2025 report states that female entrepreneurs recorded loan default rates 2.5 times lower than male entrepreneurs. The finding highlights differences in MSME credit performance and financing patterns, topics relevant to Nigeria’s banking and financial services sectors, although no NGX-listed company is directly named.

Macroeconomy · The Punch

Nigeria loses billions exporting raw materials – Report

A report highlights billions of naira in potential losses from Nigeria’s continued export of raw materials rather than finished products. It links the problem to weak domestic value chains and limited processing capacity, raising broader concerns about industrial development, export earnings and economic value creation.

Regulation · The Punch

Enterprise Life strengthens capital base to N18bn

Enterprise Life Assurance Nigeria Limited has increased its paid-up share capital to more than N18.7 billion, surpassing regulatory minimum requirements. The capital strengthening relates to Nigeria’s insurance sector, a segment represented by listed financial services companies on the Nigerian Exchange, although Enterprise Life is not identified as a listed entity.

More headlines

More

We use essential cookies for sign-in, security, and saving your competition session. Read our Privacy Policy.