The Market Pulse

Aradel, Seplat Assets Hit ₦19.11trn As Acquisitions, Oil Prices Lift Earnings https://t.co/D8D8nP78e8 https://t.co/xbIolQqLCo

TOP STORIES ON THECABLE THIS MORNING | 10/8/2026

Oyinlola, Omisore back APC candidate Oyebamiji ahead of Osun election https://t.co/Wyu5UtlpRU

Declining inflation rate, $51bn FX reserves surge… NRS says economy showing signs of full recovery https://t.co/fo489QKKOi

Chad to https://t.co/l9wM4lkjat

@hunchohumor Watching Aradel, Presco and MTNN. If they finally drop in price today, may have a good entry price tomorrow

Meet Dr. Bharat Soni, Chief Information Security Officer at GTCO (GTBank), speaking at CyFrica 2026.

Learn how one of Nigeria's leading banks approaches cybersecurity and resilience.

📅 8 Oct 2026 | 📍 Lagos

🔗 https://t.co/2MPcrpqPPb

#CyFrica2026 #CyberSecurity #Nigeria https://t.co/1DPDWWErYu

Confessors, penitents, and the whole kablooey, By Uddin Ifeanyi

The commentary examines the Nigerian government’s reform agenda, acknowledging its contribution to increased poverty and hunger while arguing that the measures are necessary to achieve a broader vision for the country. It focuses on the need for clearer communication of the reforms and their social consequences.

Clinoscope buys 40 million Neimeth shares for N312 million after 2025 sell-off

Clinoscope Services Limited, a major institutional shareholder in Neimeth International Pharmaceuticals Plc, acquired an additional 40 million ordinary shares valued at N312 million. The transaction follows a sell-off in Neimeth shares during 2025 and represents a disclosed corporate action involving the listed healthcare company.

The most elite team in Nigerian business doesn't play on the NGX. Not one of these names trades a single share publicly.

NNPCL, Nigeria's oil giant, $17.6 billion in H1 crude exports alone, still not listed, though a presidential pledge to change that just landed weeks ago. https://t.co/e3xDCE0Lnh

Naira keeps Euro below N1,580 as CBN reforms steady forex market

The naira remained relatively stable against the euro, settling at N1,576 per euro compared with N1,573 the previous week, according to CBN data. The report attributes the forex market’s steadiness to ongoing CBN reforms, providing macroeconomic context for Nigerian equity-market participants.

GTCO on UK stock market this morning https://t.co/Kz5ARgrqaI

Power Sector Debt Crisis Triggers First Corporate Bond Default in Seven Years

Financial stress in Nigeria’s electricity sector has reportedly ended a seven-year period without a corporate bond default. The missed obligation raises concerns about the sector’s financial sustainability and could influence perceptions of credit risk across Nigeria’s capital markets and utility industry.

NRS Chairman says poverty would have doubled without Tinubu’s reforms

Nigeria Revenue Service Chairman Zacch Adedeji said poverty levels could have been significantly higher without President Bola Tinubu’s economic reforms. The statement highlights the government’s assessment of reform-related macroeconomic and social effects, which may be relevant to investors monitoring Nigeria’s economic environment and its implications for listed companies.

@PreciousFolake2 @OneDayPlustv Done as instructed
6021554013
FCMB
Solomon 🙏🏻🙌🏻 https://t.co/YUSYjDIqYZ

Nigeria’s FDI jumps 148% despite Africa’s investment decline

Nigeria recorded a 148 per cent increase in foreign direct investment inflows in 2025, contrasting with a broader decline across Africa, according to UNCTAD’s World Investment Report 2026. The development highlights changing investment flows into Nigeria and may be relevant to market sentiment and listed companies.

BUSINESS NEWS
NGX Closes Week 0.12% Higher Despite Weak Market Breadth

CBN Shelves ₦700bn T-Bills Auction Amid Liquidity Squeeze

NGX Rises 228%, Emerges as World’s Best-Performing Market in 2026

Oil Import FX Demand Jumps 115% Despite Local Production
https://t.co/hG8mV0AgVV

@TomolaGroup NGX is still growing and popular companies getting listed on it will boost the ASI and people' participation.

They can't grow their companies here and not willing to pay some sacrifice regarding NGX.
The Countries they are eyeing won't allow them also if the table is turned

Nigeria’s solar boom runs on imports it can’t afford to cut

Nigeria’s expanding reliance on solar power is helping address gaps left by the national grid and diesel generators, but the sector depends heavily on imported equipment. The report highlights the tension between rising solar demand, foreign exchange constraints and Nigeria’s limited ability to reduce imports.

FirstHoldCo retains its position as the most valuable company in the banking sector on the NGX, with a market capitalization of ₦6.6 trillion as of August 10, 2026. https://t.co/MMTVSkvypA

☀️ NGX Morning — Mon, 10 Aug
📊 Yesterday's market
↑ 23 stocks closed higher
↓ 34 closed lower
⛽ Oil & Gas led the gains
🎯 Today's Top Buys
🟢 UCAP · 63.8 · ₦18.00 · 90D -11%
🟢 HONYFLOUR · 63.5 · ₦17.60 · 90D -57%
🟢 WEMABANK · 62.4 · ₦29.85 · 90D +23%

Nigerians are increasingly borrowing to build houses — CBN

Household credit for house purchases rose to 9.6 index points in the second quarter of 2026, according to the CBN’s Credit Condition Survey. The report indicates increased borrowing for personal housing, while lenders also reported higher other lending and low default rates.

CBN Withdraws N700 Billion T-Bills Auction After Mopping Up N4.69 Trillion

The Central Bank of Nigeria cancelled a planned N700 billion Treasury bills auction after withdrawing N4.69 trillion from the financial system through two Open Market Operations. The move reflects intensified liquidity management and efforts to stabilise monetary conditions, developments relevant to Nigerian financial markets and listed banking equities.