The Market Pulse

🚨 MYTH vs FACT

MYTH:
“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

Pound stays below N1,850 as traders brace for US inflation data

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.

Over 5,000 fibre cuts threaten Nigeria’s digital economy in six months

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.

Beyond UBA: Tony Elumelu’s transition to shaping Africa’s industrial destiny, By Dan Aibangbe

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.

How Technology Is Transforming Securities Trading in Nigeria- By Busola Okeowo, Head, Institutional Sales, CardinalStone Securities

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.

@koladeafolabi20 Don't you think it would be better you own either GTCO or ZENITH so as to have more volumes. I have Zenith and Stanbic, I will be offloading either one for the other this month

@DeMan_S_K_D 2373391569
UBA
Wonah Edward Bernard

Senate summons Seplat over audit queries https://t.co/DVfmoyMpqX

Reforms and Development being done by the @officialABAT Tinubu's administration as of August 12, 2026

• Fuel subsidy removal
• Foreign exchange (FX) market unification
• Passage and implementation of new tax reforms
• Increase in the national minimum wage (₦30,000 to https://t.co/kF1YfAaBvR

Reforms and Development being done by the @officialABAT Tinubu's administration as of August 12, 2026

• Fuel subsidy removal
• Foreign exchange (FX) market unification
• Passage and implementation of new tax reforms
• Increase in the national minimum wage (₦30,000 to

@UBACares Una just thy frustrations me this year ooo, of all the banks out there , I managed buy UBA shears this year, una Zero am say no dividend. I did not complain, after all this app and accounts wahala u guys have put me trough,

Brent Crude Oil Climbs Toward $90 as Middle East Tensions Keep Oil Market on Edge

Brent crude rose toward $90 per barrel while West Texas Intermediate also advanced, as Middle East tensions, uncertainty over a potential U.S.-Iran agreement and shipping security incidents increased concerns about global supply. The move is relevant to Nigerian Exchange investors monitoring oil market conditions.

@DeMan_S_K_D Fcmb

NGX Rallies 0.73% as Investors Gain N743 Billion, Fortis Global Dominates Trading

The NGX All-Share Index rose 0.73% to 246,723.57, marking its strongest daily advance in August and increasing investors’ wealth by approximately N743 billion. Trading was heavily concentrated in Fortis Global, although the item does not provide a corresponding known stock symbol or additional company details.

Today's indicative rates from the Stanbic Bank Global Markets team #Forex #ForexMarkets https://t.co/GOkB0Ihm87

The Nigerian Exchange (NGX) reversed previous gains to close in the red yesterday (Tuesday, August 11, 2026), driven by profit-taking and price depreciation in major blue-chip stocks like MTNN, First Holdco, UACN, and Dangote Sugar.

https://t.co/VSBRgqmZzY

#Stockertim https://t.co/6W1v3MRNjP

@Pumpi_6 Follow up @Idris7crxx

1043230417

FCMB (first city monument bank PLC)

Udochukwu Emmanuel

U no go fall @Pumpi_6 https://t.co/4Ff3xXMhat

@ThatJuDaH From your tweets over the last 3 months, the 5 companies you come across as most bullish on are:

MTN (MTNN) – second largest portfolio position, repeated bullish calls on data demand
Fidson – multiple “very bullish” statements and accumulation target
TIP – detailed bullish

Good morning
I have trouble with the NGX trading platform. Can I get a contact of someone I can speak to
@ngxgrp

HBM Nigeria PLC (fka LAFARGE WAPCO) 5-year Trend 📊

H1 2026:
Revenue Breakdown by Segment

Cement revenue rose 31.2% to N661.54 billion (from N504.36 billion in H1 2025)

Aggregates and Concrete revenue grew 34.8% to N16.23 billion (from N12.04 billion in H1 2025)

Total Revenue https://t.co/dZQJH5f8ON