The Market Pulse

🐂 BULL IS BACK ON NGX!

Mon close: ASI smashed to 248,529 (+1.2%)
Market Cap smashed ₦160.42tn (+₦1.91tn)
YTD already +59.7% 🔥
Airtel, NAHCO, Fortis leading the charge.
Record high locked in. Who’s still sleeping on Nigerian equities?!
Let’s keep this green train rolling

MTN restores services after outage in parts of Enugu

MTN Nigeria has restored telecommunications services in parts of Enugu State following an outage. The disruption affected customers in the area, who can now reconnect to the network. The update is relevant to investors tracking MTNN and Nigeria’s listed telecommunications sector.

🇳🇬 NGX Update (Mon, Aug 10)

ASI +1.2% to 248,529.75 (fresh record high)
Market Cap +N1.91tn → N160.42tn
YTD return: +59.71%

Top movers: Airtel Africa +8.6%, NAHCO +9.3%, Fortis Ins +10%
Breadth still negative (23↑ / 36↓)
Bulls still in control 🔥
#NGX #NigerianStocks

Guess who's the latest share Holder of UBA bank 🙂‍↔️🙂‍↔️ https://t.co/7IULKxRdSf

“Is this stock Halal?”

I get asked this question ALL THE TIME! 😂

Some people say Seplat is not Halal.
Others ask, “What about MTN is it Halal?”

Check the Shariah screening yourself.

There’s a website you can use to check whether a stock passes the Shariah screening https://t.co/tj0aB1K0Nb

@alatwema_plc_ @wemabank make we no lie una do me bad ooo

@wemabank I transferred some amount of money from Kuda bank since last night , I just checked and noticed it hasn’t entered and it has been sent out from my other bank ..what’s the problem

“Is this stock Halal?”

I get asked this question ALL THE TIME! 😂

Some people say Seplat is not Halal.
Others ask, “What about MTN is it Halal?”

Check the Shariah screening yourself.

There’s a website you can use to check whether a stock passes the Shariah screening

Tinubu’s Reforms Win Investor Support as Nigerians Grapple With Rising Living Costs

Nigeria’s economic reforms are described as gaining support from domestic and international investors, alongside improving macroeconomic indicators. The report also highlights continued pressure from rising living costs and uneven distribution of reform benefits, providing broader macroeconomic context relevant to Nigerian capital markets.

UBA will make you feel stupid. 😂

How hard is it to migrate customers from an old app to a new one? Same customer, same bank, same database, yet I have to queue at the branch just to access the new app.

Very useless customer experience.

@UBAGroup @UBACares

UBA Partners Mikano Motors to Launch ‘Drive Your Dream Today’ Auto Financing Scheme

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has partnered with Mikano Motors to launch a new auto financing scheme themed ‘Drive Your Dream Today’. The initiative is designed to make https://t.co/Va1QlKNVdA

@olanrewajuolam6 @efearue @eldivine Of course, stanbic 30, Greenwich 30, vetiva 30

@ItsChibuchi Underrated point. NGX in the last five years has quietly outperformed a lot of "safer" markets people default to, and 1,000%+ returns on names like BUA Foods, Transcorp Power, and Aradel prove that patience in the right Nigerian stocks pays better than most people give the

@wemabank @alat_ng don’t piss me off.

@n6oflife6 This is the most accurate display of ignorance you have displayed yet. Now I understand why you changed your statement about YKW and apologised 😅😂🤣
The NGX has been reported to be the best performing and most profitable equity market in the WORLD. 🇳🇬🌍
Any Nigerian with

@asemota Delulu. The NGX is at 59% YTD. People that have lost money have a skill issue. You think stocks are memecoins you choose based on vibes?

Best performing African currencies in July 2026

African currencies recorded mixed performances against the U.S. dollar in July 2026, with some currencies gaining while others weakened. The report presents a regional foreign-exchange overview that may provide macroeconomic context for Nigerian Exchange participants monitoring currency movements and their potential implications for listed companies.

🕛 Midday Market Snapshot

🟢UPDCREIT ₦14.85 (+10.00%) is the clear winner and remains the session’s first limit-up move.

🔴 THOMASWY ₦2.89 (-9.97%) is the biggest laggard, while AVACAP ₦8.95 (-9.60%) continues to weaken after fading from its intraday high.

💰 By value https://t.co/ao6WqF6Ixb

@anthonegg Hello @anthonegg, thank you for your patience. We are pleased to inform you that your ticket has been resolved. If you need further assistance, please don't hesitate to reach out to us via DM. Thank you for choosing UBA.

UBA Cares

NRS, JRB Issue New Tax Framework for Virtual Asset Transactions

Nigeria Revenue Service and Joint Revenue Board have issued guidelines for taxing virtual asset transactions. The framework covers taxpayers, virtual asset service providers, peer-to-peer marketplace operators, tax practitioners and other participants. The development may affect compliance requirements and operating conditions across Nigeria’s financial-services, ICT and investment ecosystem.