Nigerian market news and social signals.
Market Snack archive11311 stories
The Securities and Exchange Commission has directed Nigerian capital-market operators to identify and freeze funds, assets and other economic resources linked to a Nigerian individual and three companies sanctioned by the United States over alleged financial connections to the Islamic State.
Consumer goods selloff wipes N1.76 trillion from NGX as market extends losses - https://t.co/lfDo92xTUH
The Nigerian equities market extended its losses on August 12, 2026, with heavy selling in consumer goods stocks and selected large-cap counters. The decline reportedly reduced NGX market capitalisation by approximately N1.76 trillion, highlighting broad market weakness during the session.
Nigeria’s crude oil output fell by 37,000 barrels per day to 1.546 million barrels per day, according to OPEC secondary-source data. The decline represents a 2.3 per cent month-on-month reduction in national production.
The Central Bank of Nigeria raised the stop rate on its 364-day Treasury Bill to 17.59% at its latest auction, despite N4.4 trillion in bids for a N700 billion offer. The development provides updated information on Nigerian interest rates and fixed-income market conditions.
@maziNdu4Real Seplat should be in there too
The other way round I personally never even expected firstholdco to reach 150 at this time 😂
Gtco could reach 200 but maybe at January https://t.co/49i3YcGhvf
An open letter to the Minister of Finance discusses regulatory compliance, market capitalisation, and financial stability in Nigeria’s insurance sector. The issues are presented as having implications for the wider economic architecture, providing a regulatory and sector-level angle relevant to investors tracking listed insurance and financial-services companies.
Nigerian #stocks extend selloff as #BUA Foods, #Unilever lead losses, N2.95 trillion shaved from market cap in two days https://t.co/H7DIjDNLk7
#NGX #Nigeria
Nigeria met its OPEC quota of 1.5 million barrels per day for the third consecutive month in July 2026, according to the NUPRC’s February-to-July production report. The update provides market information on national crude output and regulatory compliance relevant to Nigeria’s oil and gas sector.
Dangote Cement’s Ibese Plant has renewed collaboration with the Federal Road Safety Corps in Ogun State to promote safer road use and broader safety awareness. The engagement forms part of the company’s stakeholder activities and relates to the operations of the listed cement producer.
NGX is deepening Nigeria’s capital-market links with Asia.NGX Chairman Umaru Kwairanga held strategic engagements with HKEX, InvestHK and Bank of China International in Hong Kong, exploring cross-border listings, Asian investor access, financing for Nigerian corporates and
The CBN has expanded access to Open Market Operations instruments to individuals, corporates and non-bank financial institutions. The broader investor base could increase demand for OMO securities and influence yields, with potential implications for liquidity conditions and the operating environment for Nigerian listed banks.
@onu_slim I think the argument is looking at Dangote Refinery’s debt too much from a short-term perspective.DangRef has only commenced full operations in 2025. It is still a young business, and there is clearly a large market for its products. At this stage, I wouldn't expect the
The @ngxgrp's engagements in Hong Kong reflect its effort to strengthen the international connectivity of Nigeria's capital market. In meetings with Hong Kong Exchanges and Clearing (@HKEXGroup), @InvestHK and Bank of China International, NGX Group Chairman Umaru Kwairanga
The Nigerian Communications Commission warned that damage to fibre-optic infrastructure poses risks to banking, healthcare, government services, education, commerce, security and emergency communications. The warning highlights infrastructure and operational continuity concerns relevant to Nigeria’s telecommunications and financial-services ecosystems.
₦450 million became ₦600 million, but he still lost money.He bought the house for ₦450 million when $1 was ₦1,000. That means it cost $450,000.Today, the house is worth ₦600 million. But at ₦1,360/$, that is only about $441,000.So:• Profit on paper: ₦150 million https://t.co/evA6KjAL9H
BUSINESS NEWS
SEC: 5PM T+1 Settlement Cutoff Set for Equities & CommoditiesNGX: Equities Decline After Four-Day Winning StreakNGX: Market Cap Sheds N1.76tn as BUA Foods, Banks Slide
https://t.co/YNLUNV3jUV
Caverton Offshore Support Group Plc reported half-year revenue of N14.7 billion for the six months ended June 30, 2026. The company recorded 41% revenue growth in the second quarter, while its loss narrowed compared with the first three months of the year.
The naira was reported as relatively stable against the United States dollar on August 13, 2026, in both the official Nigerian Foreign Exchange Market and the parallel market. Traders continued monitoring foreign-exchange liquidity and demand pressures.
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