Nigerian market news and social signals.
Market Snack archive10873 stories
I’ve looked at all the requirements for NNPC to be listed on the NGX, and all I see are uphill tasks.President Tinubu has to be ruthless. NNPC must also be ready to absorb the shock that comes with transparency.My major concern is whether the government is prepared to https://t.co/avdiOLplIJ
NGX PORTFOLIO UPDATE • 16 Oct 📉Primary: Dangote Refinery IPO ₦525 - 30 units - 11 days left ⏳My Holdings today:
GTCO ₦124.90 -2.19% 🔴 -₦280
ZENITH ₦126.00 -1.33% 🔴 -₦198
STANBIC ₦160.00 -2.14% 🔴 -₦133Red day#NGX #Witstel #GTCO #ZenithBank #Stanbic #DangoteIPO https://t.co/mkThdmbVZi
📈 A Beginner's Guide to Investing on the NGX: broker/CSCS account, your CHN, real trade costs, reading the Daily Official List, P/E, dividends, avoiding scams. Education only, not financial advice.
₦4,000 (was ₦6,000)
https://t.co/hMavP8u6ma
NGX Takes Dangote Refinery’s ₦2.15tn IPO to Investors in Three African Countries https://t.co/e9YlClv7wF https://t.co/vXrjyrEgKX
OPay Plans IPO in US, Listing on NGX to Empower Nigerian Investors.Read full report through the link below. 👇https://t.co/CpsVbmDA7E https://t.co/gYYTmB14qC
@Afrinvest Dangote Refinery IPO ₦525 — 11 DAYS LEFT ⏳🔥I bought 30 units @ ₦15,750 total
Primary Offer: 94% Subscribed 📈
Africa's biggest listing 2026?You don buy?
#DangoteIPO #NGX #Witstel #DangoteRefinery https://t.co/ZqCPNNr3P4
The Development Bank of Nigeria is providing N24 million in grants to sanitation SMEs, while 11 lenders develop financing products for the sector. The programme has trained 328 enterprises and aims to address barriers to credit and business growth.
STATART INSIGHTS & ANALYTICS
Nigeria Financial Markets | Daily Snapshot
Friday, 16 October 2026
Market session: Thursday, 15 October 2026NGX Market Close
All-Share Index: 247,707.13 | +0.01%
Equity market capitalization: ₦160.83 trillion
Daily market value gain: ₦21.74
NGX Group Plc and its partners are advancing collaboration among African capital markets through a cross-border investment offer related to Dangote Refinery in Egypt and Ethiopia. The initiative involves engagements intended to support investment access across the participating markets.
NGX is marketing Dangote Refinery’s $1.6bn IPO in Egypt, Ethiopia and Botswana.The offer covers 4.1bn shares at ₦525 each, with the deadline extended to Oct. 27, 2026.Investors should assess valuation, performance and risk.#NGX #IPO #Investment https://t.co/pdX1GeFqsD
Airtel Africa trades in naira on the NGX, but it declares its dividends in dollars.Its dividend for the year to March 2026: 7.1 US cents a share, up 9.2%. At about ₦1,330 to the dollar, that's roughly ₦94 a share. At ₦6,300, a yield of about 1.5%.Small yield, but a weaker
The article examines why Nigerian SMEs may consider raising funds through the capital market rather than relying primarily on bank financing. It focuses on the process and considerations involved in a successful capital raise.
The naira has remained in the N1,765-per-pound band this month, according to the report, amid increased foreign-exchange supply. The item provides an update on currency-market conditions relevant to Nigeria’s macroeconomic environment.
By the way, one of the NGX listed REITs, UPDC REIT, has delivered almost 800% returns in the past 4 years. Just this year alone, it has done over 200%.Excluding dividends. https://t.co/aMlPIG3U3G
NAHCO vs. SAHCO (Quick Comparison)•Market Capitalization: NAHCO sits at a slightly higher valuation (₦272.87B) compared to SAHCO (₦231.73B).•Dividends: NAHCO traditionally offers a significantly higher dividend yield (3.3%+) compared to SAHCO (0.7%).#Ngx
Skyway Aviation Handling Company (SAHCO) Chairman Taiwo Afolabi emphasised stakeholder collaboration and infrastructure as important to improving Nigeria’s air cargo competitiveness. The item relates to the listed company’s operating environment and aviation handling sector.
Onafriq is winding down its Baxi agent banking business in Nigeria, citing unfavourable economics amid currency depreciation and inflation. The move affects its Nigerian agent-banking operations; the report does not identify any NGX-listed company directly involved.
Nigeria’s foreign exchange utilisation reached $18.34 billion in the second quarter of 2026, with financial services accounting for more than half of demand. The report says the Central Bank of Nigeria has reduced direct dollar sales, increasing the role of autonomous foreign-exchange inflows in meeting demand.
Fitch Ratings revised the outlooks of 11 Nigerian banking institutions to Positive from Stable while affirming their Long-Term Issuer Default Ratings at ‘B’. Fitch said the improved outlooks could support better access to international financing and lower borrowing costs if Nigeria’s economic recovery strengthens credit ratings.
At the October 14 Nigerian Treasury Bills auctions, the Debt Management Office received N1.032 trillion in subscriptions and accepted N269.06 billion, rejecting approximately 74% of bids. The one-year rate rose to 15.90%, its first increase to that level since August.
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