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Market Snack Archive

Market Snack - August 18, 2026

Generated Aug 18, 06:00 WAT

Top movers

DEAP Capital Management & TrustDEAPCAP

₦3.80
+1.33%

Abbey BankABBEYBANK

₦8.05
0.00%

Abbey Building SocietyABBEYBDS

₦8.05
0.00%

Top stories

Industrial Goods · Leadership News

Fix Roads Damaged By Heavy Trucks, Gombe Gov Tells Ashaka Cement

Gombe State Governor Muhammadu Inuwa Yahaya urged Ashaka Cement’s new owners to repair roads damaged by heavy trucks transporting cement and other materials to and from the company. The request was made during a meeting with HBM’s Group Managing Director and Chief Executive Officer.

Regulation · Leadership News

Council Mobilises $1bn Investment For Nigeria’s Sugar Self-sufficiency Drive

The National Sugar Development Council has announced a $1 billion investment pipeline and stronger enforcement measures to accelerate Nigeria’s sugar self-sufficiency. The initiative is relevant to the listed sugar industry, particularly Dangote Sugar Refinery, through potential implications for domestic production, imports, investment and sector regulation.

Market · Vanguard

How 24 firms control over 70% of Nigeria’s stock market

Twenty-four companies accounted for 74.8 per cent of the Nigerian Exchange equities market’s total market capitalisation as of August 17, 2026, according to year-to-date figures. The report highlights the concentration of value among the exchange’s most valuable listed companies.

Macroeconomy · Leadership News

Rising Food Prices Persist Despite Inflation Easing To 15.43%”

Nigeria’s headline inflation eased to 15.43 per cent, according to the National Bureau of Statistics, while food inflation rose to 20.31 per cent in July. The divergence highlights continued food-cost pressures that may affect household demand and operating conditions across listed consumer goods and agriculture companies.

Market · BusinessDay

Smart money in a booming Nigerian market

The opinion article examines the flow of investor savings into the Nigerian Exchange amid a period described as a booming market. It focuses on investor behaviour and the role of informed or smart-money participation in navigating Nigerian equities, without identifying specific listed companies or securities.

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