Nigerian market news and social signals.
Market Snack archive11344 stories
☀️ NGX Morning — Wed, 12 Aug
📊 Yesterday's market
↑ 22 stocks closed higher
↓ 35 closed lower
📡 Telecom led the gains
🎯 Today's Top Buys
🟢 FCMB · 69.1 · ₦12.90 · 90D -16%
🟢 HONYFLOUR · 62.4 · ₦17.30 · 90D -60%
🟢 UCAP · 62.3 · ₦18.00 · 90D -11%
📢 Dividend Update!Stay informed about dividend qualification dates and payment dates.Keep track of your investments and make informed portfolio decisions.Stay Informed. Stay Invested.#DividendUpdate #SigmaSecurities #InvestSmart #NGX https://t.co/w3OwyXQSv9
@chesnoris FIRSTHOLDCO (NGX) trades near ₦140-145 after a strong 2026 rally (YTD ~200%, 1Y ~330%), market cap ~₦6.5T. Technicals remain bullish across timeframes with price above key MAs, though near ATH of ₦150 and elevated volatility.Fundamentals: H1 2026 PBT ₦653.5bn (+83.5% YoY),
NICON Insurance Limited and Nigeria Reinsurance Corporation are challenging aspects of the recently concluded insurance sector recapitalisation exercise overseen by NAICOM. A source at the regulator said the companies are unlikely to prevail, highlighting ongoing regulatory issues relevant to Nigeria’s insurance and financial services sectors.
The Senate Public Accounts Committee has given Seplat Energy, Network E&P and other companies 48 hours to respond to issues raised in a NEITI report. The inquiry also includes Dubri Oil’s defence concerning $3.025 million in royalty and gas flare debts.
Senate Threatens Seplat, Three Oil Firms with Legislative Sanctions https://t.co/P9iQU0KgVc
A lawmaker has backed the development of a West African benchmark for refined petroleum products, arguing that the region’s emergence as a refining hub makes a credible pricing reference necessary. The proposal relates to regional downstream oil market regulation and pricing infrastructure.
•Tax Credits Aimed At Accelerating Investments In Oil Sector•Rejoices With Sahara Group, GMD On His Birthday💥Nat'l Assembly
*NEITI Report: Senate Gives Seplat, 3 Others 48-hour Ultimatum💥Economy
*CBN Opens Sandbox To Virtual Assets, Data-Driven Financial Innovations
@AlfaAdam001 What is driving GTCO are real business fundamentals while First Bank are being driven by a single person.
West African regulators are advancing plans for a regional fuel-pricing and trading hub, with Nigerian officials highlighting deregulation, infrastructure, capital and market data as key requirements. Rising refining capacity and oil output were identified as potential supports for greater market integration across the region.
The article examines Nigeria’s tax reforms and the role of the Nigeria Revenue Service in reshaping domestic revenue collection. It places the reforms within the country’s longstanding reliance on oil income and borrowing, highlighting broader macroeconomic and regulatory developments relevant to businesses and investors.
Senate gives Seplat and three oil firms 48 hours to answer NEITI audit queries or face legislative sanctions. https://t.co/Pip45zOZpZ https://t.co/MZbuyzOdE8
🚨 NIGERIA MARKET UPDATE | 12 AUG 2026A lot is happening in the market:🏦 Prestige Assurance completes recapitalisation
⚠️ Stanbic IBTC flags possible H1 filing delay
🛢️ Nigeria targets up to $50bn in deep offshore investment
💰 T-bill yields ease ahead of ₦700bn CBN auction
🚨 NIGERIA MARKET UPDATE | 12 AUG 2026A lot is happening in the market:🏦 Prestige Assurance completes recapitalisation
⚠️ Stanbic IBTC flags possible H1 filing delay
🛢️ Nigeria targets up to $50bn in deep offshore investment
💰 T-bill yields ease ahead of ₦700bn CBN auction
eTranzact International Plc is deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria to promote financial inclusion and digital payment adoption among micro, small and medium enterprises. The initiative involves financial literacy and broader digital access through eTranzact’s payment solutions.
West African petroleum regulators are advocating for a regional fuel-pricing benchmark that is less dependent on crises in Western Europe and the Mediterranean. The push reflects expanding refining capacity, including in Nigeria, and could influence regulatory discussions and operating conditions for listed oil and gas companies.
The Central Bank of Nigeria has opened applications for the second cohort of its Regulatory Sandbox Programme. The initiative includes dedicated tracks for virtual assets and data-enabled financial services, allowing innovators to test products in a controlled environment. Applications are scheduled to close on August 31, 2026.
Anti-corruption: Senate summons Seplat Energy, Network E&P Nigeria, All Grace Energy, Aradel, gives 48-hour deadline https://t.co/j5FxolWJdI
Anti-corruption: Senate summons Seplat Energy, Network E&P Nigeria, All Grace Energy, Aradel, gives 48-hour deadline
https://t.co/4Lu7Aro5q0
Benue State’s Commissioner for Agriculture and Food Security, Benjamin Ashaver, requested additional agricultural interventions and pledged ministry support for ICRISAT. He made the remarks during a visit by an ICRISAT delegation to the ministry’s headquarters in Makurdi.
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