Nigerian market news and social signals.
Market Snack archive11339 stories
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 PiggyVestThey 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
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.
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.
NGX Sheds N1.16trn After Sell-Off In Thomas Wyatt, Ava Capital 📉The Nigerian Exchange lost N1.16trn on Tuesday as sell-offs in Thomas Wyatt, Ava Capital and others dragged market cap to N159.25trn.The all-share index dropped 1,806 basis points.3.9bn shares traded in
Nigeria’s efforts to increase tax revenue by expanding the tax base face constraints from weak incomes and limited business growth. The report highlights the dependence of successful tax collection on broader economic expansion, with potential implications for corporate operating conditions and the wider equities market.
The Nigeria Data Protection Commission has opened a forensic investigation into Lotus Bank, the University of Lagos and Hackerbella Ltd over alleged data protection breaches. The probe follows complaints that students’ personal information was allegedly used to open bank accounts.
HBM Nigeria, in collaboration with the Cross River State Government, has trained more than 250 youths in truck driving. The initiative represents a corporate social and workforce-development activity involving the tracked industrial goods company.
The Federal Government is considering changes to crude allocation and pricing rules to improve feedstock access for Nigerian refiners. The proposed measures are aimed at addressing high crude costs faced by refinery operators, including Dangote Refinery, and could affect the operating environment for the domestic oil and gas sector.
📊 UZEE STOCKS UPDATE LTD | FQVDM STOCK CHECKCan we predict the next big winner?Not perfectly.But we can study the fundamentals, valuation, dividend profile and momentum to decide whether a stock currently looks like a Strong Buy, Buy, Hold or Sell.Today: ZENITHBANK 🇳🇬 vs
📊 UZEE STOCKS UPDATE LTD | FQVDM STOCK CHECKCan we predict the next big winner?Not perfectly.But we can study the fundamentals, valuation, dividend profile and momentum to decide whether a stock currently looks like a Strong Buy, Buy, Hold or Sell.Today: ZENITHBANK 🇳🇬 vs
🚨 MYTH vs FACTMYTH:
“If a stock pays a high dividend, it must be a good stock.”FACT:
Not necessarily.A high dividend can look attractive—but dividend yield alone doesn't tell you whether the business is healthy or the dividend is sustainable.Sometimes the yield looks
The naira traded within a narrow range against the British pound, settling at N1,843 per pound as official market activity opened midweek. Traders were also positioning ahead of forthcoming US inflation data, which may influence global currency markets and broader conditions relevant to Nigerian Exchange investors.
More than 5,000 fibre-optic cables were damaged across Nigeria during the first six months of 2026, reportedly due to road construction and excavation activities. The disruptions pose risks to digital connectivity and could affect telecommunications and other ICT-dependent businesses operating in Nigeria.
The opinion article reviews Tony Elumelu’s tenure and departure from UBA, highlighting his influence on African banking and describing his expected focus on industrial leadership, energy transformation, and philanthropy. The item is relevant to investors tracking UBA and Nigeria’s listed banking sector, although it provides limited specific market or corporate-action detail.
The article examines how technology is changing securities trading in Nigeria, including the evolving requirements for investor participation and access to the securities market. It presents a market-focused perspective from CardinalStone Securities on the role of technology in modernising trading processes.
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