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
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.
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.
@tosinolaseinde The market's giving people every reason to listen right now. NGX up over 58% this year, the world's best performing exchange in dollar terms.
Dangote Refinery's IPO already filed with the SEC. A presidential pledge on the table to list NNPC in full.
If NNPC eventually lists a meaningful percentage of its equity, it could become one of the largest companies on the NGX by market capitalization, potentially transforming the energy sector and significantly increasing #NGX market depth.
The Nigeria Revenue Service reported that tax collections reached N27.1 trillion by July 2026, up 113 percent from N12.3 trillion in 2023. The agency attributed the increase to tax reforms and digitised revenue collection, providing an update on Nigeria’s fiscal revenue performance.
The Securities and Exchange Commission has launched a nationwide campaign to help investors and beneficiaries recover unclaimed dividends and inherited investments. The initiative, introduced through a Probate, Unclaimed Monies Awareness and Investor Clinic in Abuja, is intended to strengthen investor protection and reduce dormant assets in Nigeria’s capital market.
Nigeria spent $4.86 billion on petroleum imports in 2025 despite increased domestic refining capacity, according to the CBN’s annual report. Foreign exchange allocated to oil-sector imports more than doubled from $2.26 billion, reflecting continued demand for imported fuel and related inputs.
Nigerian Breweries Plc reported group revenue of N804 billion for the first half of 2026, up 9% from N738 billion in the corresponding period of 2025. The company also stated that it had restored retained earnings to a positive position.
Nigerian listed companies recorded N179.5 billion in finance income during the first half of 2026, a 174% increase from N65.6 billion in the corresponding period of 2025. The income was attributed to investments in Treasury bills and bank placements.
@TomolaGroup Exactly forcing list won't work it can backfire. The least these companies can do is dual listing strategy (e.g., primary listing in New York/Hong Kong, secondary listing on the NGX).
Create that attractiveness for why they should list on NGX.
Nigeria’s economic activity expanded for the second consecutive month in July 2026, with the CBN composite PMI rising to 51.1 points. However, the industrial sector remained in contraction, indicating uneven economic performance across sectors relevant to Nigerian Exchange-listed companies.
The Federal Government is seeking increased private-sector investment, innovative financing and stronger partnerships to address Nigeria’s climate adaptation funding gap. It said public resources alone are insufficient to deliver resilient infrastructure, technologies and systems needed to protect the economy and vulnerable communities from climate-related risks.
The NGX All-Share Index extended its weekly rally, rising 0.1% to 245,573.60 points from 245,283.68 points. Renewed institutional demand for blue-chip stocks outweighed broader profit-taking, while investors positioned ahead of the upcoming earnings season.
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💥Business/Economy
*NRS: Economy Out Of The Woods After Difficult Adjustments
*Tinubu’s Reforms Propel MTN, Dangote, BUA, Transcorp, Seplat, Others’ H1 Revenues To N14.4trn, N4.99trn Profits•Zacch Adedeji: Fuel Subsidy Will Be Costing N53trn, FX Rate N3,500/$ Without Reforms