Nigerian market news and social signals.
Market Snack archive11413 stories
đź’ĄBusiness/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
@TomolaGroup It's quite understandable now...But dual listing is also accepted....the NGX chairman might even be fighting for this because he know the kind of visibility this is going to bring to the stock markets..
Another question is that how can Nigerian buys these stocks if it is eventually not listed on NGX. https://t.co/eW1YDV2cPD
Coronation Insurance, Wema Bank and UACN were identified as leading stock picks for the week. The item presents the selections as an investment guide rather than a buy, sell or hold recommendation, and advises readers to consult a financial adviser before making investment decisions.
Presidential spokesperson Bayo Onanuga says the administration’s economic reforms are producing positive signals despite short-term difficulties. He adds that international organisations have acknowledged the reforms’ progress, offering a broad assessment of Nigeria’s macroeconomic direction without identifying specific listed companies, sectors, or market data.
Vandals damaged at least 20 national-grid transmission towers between January and August, according to Daily Trust, disrupting efforts to expand grid connections and improve electricity supply. The infrastructure damage highlights operational challenges for Nigeria’s power system and may affect the broader utilities sector.
@omololade @iam_olubori The fraud going on at GTCO can only be solved by GOD cos how is stamp duty 150 Naira when @cenbank said it's N50 https://t.co/oTVCP7EOSa
NGX & Local Macro: All-Share Index holds at 245.5k points (₦158.5T market cap). Top gainers: $UPDC (+9.23%), $CWG (+6.56%),$FIRSTHOLDCO (+3.86%). MPR steady at 26.50%.
Brent crude rose above $84 per barrel as uncertainty over shipping through the Strait of Hormuz heightened geopolitical risk. The move is relevant to Nigerian Exchange investors because Nigerian crude is priced against Brent, with potential implications for listed oil and gas companies.
@CashflowUb @AkinwareNelson Gtco and mtnn are both good for long term but comparing the dividend, gtco has growth and dividend with help in compounding. Mtnn has growth but gtco has the highest dividend. Gtco is my number 1 in banking sector, mtnn is my number 1 in communication sector.
@Naija_PR ₦1.27 trillion is serious money. GTCO and Zenith alone accounted for the bulk of it, proof that clean balance sheets still get rewarded.The five profitable banks that couldn’t pay because of CBN capital and provisioning rules show the regulator is no longer playing.Painful https://t.co/PzchdWinmn
The Nigerian parallel-market dollar traded at approximately ₦1,415 buying and ₦1,425 selling on Monday, August 10, 2026. The report attributed the exchange-rate levels to firm demand for United States dollars across major Bureau De Change markets.
The NGX All-Share Index rose 0.12% in the week ended August 7 to close at 245,573.60, supported by gains in banking stocks. The advance came despite weaker overall market breadth, with decliners outnumbering gainers during the trading period.
The naira opened the week relatively steady against the US dollar in both the official Nigerian Foreign Exchange Market and the parallel market. Traders were monitoring liquidity conditions and Central Bank interventions as factors influencing foreign exchange market activity.
@YourFavNegro___ With 50k naira till December, liquid banking stocks like Zenith Bank or Access Holdings are frequently cited by analysts for solid earnings, dividends and valuations amid high rates. An NGX 30 ETF such as Vetiva Griffin 30 offers simpler diversification. Short horizon still
The Association of Community Pharmacists of Nigeria says about 9,000 pharmacists have left Nigeria over four years, raising concerns about the country's healthcare workforce. The report does not identify any listed company or disclose a direct effect on healthcare-sector equities.
Yobe State Governor Mai Mala Buni praised the Federal Government’s 13.92MWp interconnected hybrid solar mini-grid projects across five communities, saying improved electricity access could support economic development in the state. The announcement has a broader Nigerian utilities and macroeconomic relevance, although no listed company is directly identified.
The federal government has urged greater private-sector investment and stronger partnerships to address Nigeria’s increasing climate risks and strengthen community resilience. The call was made by Environment Minister Balarabe Abbas Lawal at a stakeholders’ engagement on Nigeria’s National Adaptation Plan involving development partners and private-sector representatives.
Geregu Power Plc, one of Nigeria’s listed electricity generators, has defaulted on a bond payment, marking the first reported corporate bond default in seven years. The development highlights financial pressures and structural challenges within Nigeria’s power sector.
New Nigerian tax reforms could restrict informal small businesses from accessing corporate contracts by imposing stricter compliance requirements. The changes may alter supplier relationships, increase administrative obligations and influence the operating environment for companies that rely on informal enterprises across their value chains.
Turn market signals into contest trades with your game's starting cash.
Claim your handleWe use essential cookies for sign-in, security, and saving your competition session. Read our Privacy Policy.