The Market Pulse

🕛 NGX midday: ASI −0.06% at 246,576

SEPLAT's sell wall shrank ₦238M since open.
Buyers piling into SEPLAT — bid queue +₦505M this morning.

3 stocks have zero sellers right now.

Live queue → https://t.co/jwAuPYO9pK #NGX

Senate gives Seplat Energy, others 48-hour deadline

The Senate has given Seplat Energy and other companies 48 hours to respond after they failed to attend an investigative hearing in Abuja. The hearing relates to audit queries contained in reports reviewed by lawmakers, placing the listed energy company under regulatory and governance scrutiny.

@koladeafolabi20 Great... Will there be a second round for gtco?

@mayiogu @ayo_solace Mbakwe is an EVP, Austin Avuru was former GED in NNPC and Henry Ikem Obi is a former GED. They are prime examples of Igbos who rose to the very top at NNPC also Avuru founded Seplat

🐋 Whale Watch: Massive block trade on #FTGINSURE
🟢 Action: BUY
💰 Total Value: ₦257.6M (85.00M shares @ ₦3.03)
⏰ Time: 09:45 WAT
See where the smart money is moving next:
🔗 https://t.co/cFVHdSWDuD #NGX

NGX index opens slighly weaker. See more at https://t.co/MxaLfGblun #NigeriaNews #nigeriansindiaspora #nigeriafinance #financialmarkets https://t.co/mniZAFiEC0

Day 5c:

Two Lagos professionals, same income. One buys a N8,000,000 SUV on a loan. The other buys N8,000,000 worth of shares in dividend-paying NGX companies and a money market fund.

Five years later, the SUV owner has a car worth roughly N2,600,000, has paid maintenance,

Nigeria is pushing for greater local participation in its fast-growing fintech sector, as OPay and PalmPay consider overseas capital markets. The NGX chief is urging major firms to also list locally.

#Nigeria https://t.co/CBOWb3SBUD

JULY PORTFOLIO UPDATE

YTD: 52.3% (vs S&P 500 9.4%, NGX ASI 57.6%)

July m/m: +6.5%

NG: +8.6% (YTD 82.3% ⬆️)
US: +4.8% (YTD 9.3% ⬆️)

Exits: $NOW
Additions: $CELH (doubled), MTNN

Made some bad calls

@Rufyb
@ADUOLUWATOPE
@tkb417
@keanxley
@greentickertale
@OsemudiamenOG

NFA https://t.co/3isjDIvitW

@azakegrn 7014751019 fcmb boss

BREAKING: Senate Gives Seplat Energy, Three Others 48 Hours to Appear

The Senate Public Accounts Committee has issued a 48-hour ultimatum to Seplat Energy, Network E&P Nigeria, All Grace Energy and Aradel Energy to appear before it or face the full invocation of its legislative https://t.co/Cm1Z0OLFsm

Nigeria adds 900 dollar millionaires in one year as naira strengthens

Nigeria recorded an increase of 900 dollar millionaires over one year, bringing the estimated total to 8,100 in 2026. The report links the rise partly to strengthening of the naira, making the development relevant to Nigerian macroeconomic conditions and potential equity-market considerations.

For example
Banks; they profit from interest rates & lending, and are one to have especially when you want to be in the NGX, they do well in Nigeria.

Telecom; Think about how much you've paid MTN this year 😂 it's a lot right ? That just shows you how much they make annually.

NGX Update
Some banking stocks are on the red zone
ETERNA OIL has been moving steadily based on Q2 improved performance https://t.co/FzsUtnawPP

@iamdamilosky @wemabank @piggyvest @getpocketapp She should contact PiggyVest

They changed the deposit account from Wema to pocketapp

@iamdamilosky @wemabank @piggyvest @getpocketapp Have they stopped using wema bank accounts too?
I thought it was only sterling bank accounts they stopped

GLO will be 23 years this month and MIKE ADENUGA has kept Glo privately controlled since its launch in 2003.

Meanwhile, MTN Nigeria listed on the NGX in 2019 and is now worth about ₦18 trillion. Airtel Africa floated in London that same year.
Etisalat Nigeria defaulted on a https://t.co/WbQCsUlIlt

NADDC Begins 3-Year Drive To Train 1,000 Youth Corpers For CNG Sector

The National Automotive Design and Development Council has started a three-year programme to train 900 to 1,000 youth corps members annually in CNG vehicle retrofitting and related skills. The initiative supports development of Nigeria’s emerging CNG value chain and automotive conversion capacity.

📈 LASACO’s Share Capital Nearly Doubles as 9.24 Billion New Shares Hit the NGX
This NGX notice is about a supplementary listing of new LASACO Assurance shares following the company’s rights issue. It is important because the number of LASACO shares outstanding has increased.

Insecurity, rising air traffic trigger new airline investment in Northern Nigeria

Airline investment in Northern Nigeria is increasing as passenger traffic rises and insecurity makes highway travel less attractive. The reported investment trend concerns aviation activity and transport infrastructure, areas with listed NGX representation, although the report does not identify a specific listed company or stock.