Nigerian market news and social signals.
Market Snack archive11311 stories
Don’t be in any rush- take your time here, opportunities in the NGX arises literally everyday.If you miss an entry point already- give it time, another one will reopen I assure you.
The Nigeria Data Protection Commission has commenced a forensic investigation into Lotus Bank, the University of Lagos and Hackerbella Ltd over alleged unlawful use of students’ personal data in account-opening activities. The probe concerns potential violations of data protection laws and involves a banking institution operating within Nigeria’s regulated financial sector.
⏳ Why is the board empty before 9:30 AM?Between 9AM and 9:30 AM, the Daily board resets and waits for the first official NGX trades. All stocks temporarily show 0.00% until fresh market data starts flowing.📌Only the Daily view is affected. WTD, MTD, QTD, YTD and other https://t.co/EvcyxLUL8e
The ETF Basket Includes:
Equity Group, KCB Group, Co-op Bank, Absa, NCBA, StanChart, Stanbic, I&M, DTB, HF Group & BK Group.
@NigerianSpaces And UBA.
This is wat my UBA mobile app is showing since yesterday I can't even access my fund's it's not entering I'm frustrated plss
@UBAGroup https://t.co/Sax6YlPKL2
A report by SBM Intelligence says nearly half of Nigerian households experienced a job loss, business closure, or inability to find work during the past 12 months. The findings provide an indication of weakening household and business conditions relevant to Nigeria’s broader economic and equities-market outlook.
Geregu Power Plc has reassured shareholders, investors, regulators and other stakeholders regarding concerns about its bond repayment obligations. The company said it is reviewing its financial commitments and remains committed to addressing outstanding challenges following online publications questioning its ability to meet bond-related liabilities.
The Nigerian Content Development and Monitoring Board has introduced a digital portal intended to improve efficiency and transparency in the oil and gas sector. The initiative is also aimed at strengthening the global competitiveness of Nigerian oil firms through more streamlined sector processes.
Crude oil and refined petroleum products, including aviation fuel, accounted for 1,867,712 metric tonnes of imports handled at Lekki Deep Sea Port during the first week of August, according to shipping documents reviewed by Vanguard. The report highlights the prominence of petroleum products in the facility’s import activity.
Nigeria’s daily crude oil production fell by four per cent in July 2026 to 1.67 million barrels per day from 1.74 million barrels per day in June, according to NUPRC data. Output remained above the 1.5 million barrels per day OPEC benchmark.
☀️ NGX Morning — Thu, 13 Aug
📊 Yesterday's market
↑ 27 stocks closed higher
↓ 24 closed lower
📊 Financial Services led the gains
🎯 Today's Top Buys
🟢 FCMB · 68.8 · ₦12.60 · 90D -16%
🟢 HONYFLOUR · 63.3 · ₦17.50 · 90D -60%
🟢 ZENITHBANK · 61.7 · ₦126.50 ·
GTCO in UK stock market https://t.co/hXE2iHhz1P
The Central Bank of Nigeria has lifted its seven-year restriction on local participation in Open Market Operations, allowing individuals, corporates and non-bank financial institutions to participate. The CBN will retain control over the scale and timing of OMO transactions, while also lifting the suspension on tenored repos.
@Lord_Of_Warri @bantertrends You are an educated illiterate ok, Anoh gas in Imo state Ohaji Egbema dominated by SW with SS guys no one run mouth, Addax formal in Izombe the SW & SS guys more numbers, Seplat the current head HR & headquarters in Lagos SW, watersmith in Asaa Ohaji SW including headquarters.
AG Mortgage Bank secured N3.97 billion through the full subscription of its Series 2 and 3 commercial paper issuance. The short-term funding is intended to strengthen the bank’s liquidity, support mortgage financing operations and accelerate business activities.
Nigeria’s daily Premium Motor Spirit consumption declined by 1.27% year-on-year to 47.4 million litres in June 2026, compared with 48 million litres in June 2025. The reported change represents a reduction of approximately 600,000 litres per day and provides an indicator of domestic fuel demand.
NGX is cooling off after a strong run. Profit-taking is heavy, but this doesn’t necessarily change the long-term story. For investors, the correction could create opportunities to accumulate quality companies at better prices.
@sholaybaba On Hisa, you can trade individual stocks in both the NGX and US markets. You can earn interest on your wallet.Risevest offers USD Real Estate, Fixed Income, a Naira Vault paying up to 25% p.a and a USD Vault (10 p.a)Their Stock Plan is different: you invest in a portfolio
GEREGU POWER'S LIQUIDITY SQUEEZE: BANKS AND SUPPLIERS AHEAD OF BONDHOLDERSFrom Geregu Power’s balance sheet, total current assets stood at approximately ₦181.6 billion, only marginally above total current liabilities of ₦179.8 billion, leaving a narrow liquidity buffer of https://t.co/c6L32TctKi
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