The Market Pulse

T-Pain to T-Gain: How Tinubu is fixing Nigeria

Investor confidence has equally improved. Foreign capital inflows increased from $12.32 billion in 2024 to $23.22 billion in 2025, representing nearly a 90 percent increase. The Nigerian Exchange has also experienced unprecedented

NGX Eyes N230trn Market Value By 2026 Year-End: The Nigerian Exchange (NGX) Group has projected that the total market value of companies listed on the Nigerian Stock Exchange (NGX) could rise to N230 trillion by the end of 2026, underscoring the growing… https://t.co/fcl5hobYJZ

Customs Seize 8 Trucks Of Smuggled Rice, N3.24bn Contraband

The Nigeria Customs Service says its Federal Operations Unit, Zone A, intercepted 220 consignments of prohibited and smuggled goods, including eight trucks of rice, with a reported duty-paid value of N3.24 billion. The unit also recovered N728.98 million in revenue during the enforcement operations.

RESEARCH NOTE | OANDO: THE BALANCE-SHEET STORY

Oando’s H1 2026 balance sheet shows signs of repair, but financial pressure remains significant.

Total equity remained negative at ₦530.4bn, while a ₦3.03tn working-capital deficit continues to highlight liquidity pressure. https://t.co/KFPR16BC2u

I was pleased to lead the Board and senior leadership of NGX Group Plc on a courtesy visit to His Excellency, President Bola Ahmed Tinubu, GCFR, at the State House. The NGX delegation also included Group CEO Timi Popoola. https://t.co/72mV2olUjh

@SADEEQEXHNG Hello @SADEEQEXHNG, thank you for contacting FCMB. Please know that we are here to assist. Kindly be informed that a response has been provided via DM. ~GO

@SADEEQEXHNG Hello @SADEEQEXHNG, thank you for contacting FCMB. Kindly be informed that a response has been provided via DM. ~GO

I repeat.

Aradel is the most misunderstood stock on the NGX. https://t.co/chDy4OUMw5

Three states account for 43% of Nigeria’s N4.52 trillion states’ debt – DMO

Lagos, the Federal Capital Territory and Rivers State accounted for more than 43% of the N4.52 trillion domestic debt owed by Nigeria’s 36 states and the FCT as of March 31, 2026, according to the Debt Management Office.

@onu_slim If the NGX decline by 40-50%
I don't even want to imagine anything for now it's scary bleeding spiral wotoporusly 🫣🫣🫣...
But DR I read it somewhere that they is a regulation on NGX market that it's cannot decline more than 10% please enlightened me I am confused 🤔

If you had ₦3 Million to deploy into Nigerian stocks today, how would you split it ?

I wouldn't throw it all into one stock or deploy all 3 Million in one day

I will use it to build a stress free NGX portfolio

₦1.8M (60%) will go to Tier-1 Banking and Dividend Heavyweights

We will be live for the @proshare Tier 1 Banks Report (5th Edition) Virtual Discourse themed: From Capital Adequacy to Business Resilience: Assessing the Outcome of the Banking Recapitalisation, which will feature @johnsonchukwue, GCEO, @CowryAssetMgt, Mrs Bunmi Oladosu, CFO,

WHO COOK BEANS?

Geregu Power just defaulted on its ₦40.09bn bond. 🚨

Missed a coupon payment AND a principal repayment.

Grab your popcorn, we're doing a thread on what this actually means for bondholders 🧵
#MondayMindset #finance #ngx

Research Insight #3 | OPDC Disposal

After analyzing Oando H1 2026 results, the Group is preparing for another material portfolio change.

Oando is selling its 45% interest in OML 56, now PML 23, through the disposal of OPDC to Energia Limited for a base consideration of $48.45m

Your 10m invested in Zenith Bank last December will worth 21.8m with 1.4m of that figures will be dividends received.

If you like be listening to the naysayers on NGX✌🏼

Without Tinubu’s reforms, subsidy could’ve hit ₦53tn, dollar ₦3,500 — NRS boss

The Nigeria Revenue Service says reforms under President Tinubu prevented fuel-subsidy costs from potentially reaching ₦53 trillion and the naira from weakening to ₦3,500 per dollar. The remarks highlight inherited challenges involving subsidy payments, oil-sector performance and Nigeria’s narrow tax base.

Research Insight #2 | Revenue vs Profit

After analyzing Oando H1 2026 results, revenue growth and underlying profitability tell two different stories.

Supply & Trading, which accounted for roughly 83% of revenue, recorded strong revenue growth but generated only about ₦7.1bn

Fuel subsidy could have hit ₦53tn without Tinubu’s reform – NRS chair

NRS Chairman Zacch Adedeji said Nigeria’s petrol subsidy bill could have reached ₦53 trillion without the Tinubu administration’s reform. The statement highlights the scale of subsidy-related fiscal exposure and the broader macroeconomic significance of fuel subsidy removal for Nigerian businesses and consumers.

NERC dissolves Kaduna Electric board over poor performance

The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Company over poor performance. The action follows the company’s takeover by ASI Engineering Limited in June 2024 and represents a regulatory development in Nigeria’s electricity distribution sector.

@IrediaeugenePM With 300m, uba can easily give me 10m every month and my initial capital, anytime i need it. Might not be up to 10m every month sha, but e go still be millions