The Market Pulse

First HoldCo Shares Surge 330.77% in 7 Months as Market Value Tops N6 Trillion

First HoldCo shares reportedly rose 330.77% over seven months to N140, lifting the company’s market capitalisation above N6 trillion. The reported valuation compares with an issue price of N32.50 and positions the financial services group among the notable beneficiaries of the Nigerian equities rally.

The NGX Banking Index is up roughly 66% YTD.

But that headline hides a very different market underneath.

FCMB is still negative YTD, while UBA, Fidelity, Sterling and Access Holdings have all significantly underperformed the banking index.

Part of the gap reflects https://t.co/Sq1gHJcZ7g

NGX closed higher yesterday despite negative breadth.
ASI +0.12% to 245,209.
Market cap gained about ₦192 billion.
Banking names provided the main support while losers still outnumbered gainers.
A few heavyweights are carrying the index while the broader market remains mixed. https://t.co/hlS67dfVk5

We Have The Population, The Brain And The Audacity To Achieve $ 1Trillion Dollar Economy.

~ President Bola Tinubu Woo Leaders Of The Nigerian Exchange https://t.co/RMwf96EOg0

@juxcallmegolden @the_beardedsina Is FCMB a joke to you 🤣

President Bola Tinubu, on Thursday, attributed the growing positive reviews of the economy by experts and favourable economic indicators, which now signal a brighter future for all Nigerians, to the hard work of his economic team and roles played by the Central Bank of Nigeria https://t.co/2wbrI62vXk

THE NGX GAINED N191BN TODAY. BUT MORE STOCKS FELL THAN ROSE. HERE'S WHY THAT MATTERS

ASI up 0.12% to 245,209 points. Second straight day of gains. This sounds bullish, right?

Now look closely in into this > 35 stocks declined, only 22 gained. This is the second session this

My Accumulation list:

TIP sub 27
PRESCO sub 1800
DANGCEM sub 900
ARADEL sub 1300
MTNN sub 750

#NFA https://t.co/9BR8QsygM8

@frank_hood5855 That's I be FCMB. ..?

@investbamboo Financial Twitter really loves telling everyone to stay out of the NGX just to watch solid dividend stocks quietly outperform their crypto bags lol.

@stockyvest seplat 2M...the rest 750k each.

@maziNdu4Real MTN
GTCO
STANBIC

And i think FIDSON should be there.

💰 Growth translated into profits.

Profit after tax reached ₦10.36bn

Total assets expanded to ₦75.87bn

🏛️ Sometimes the best investment isn't the stock being traded...

It's the exchange behind every trade.

BUY, SELL, or HOLD NGX Group? 👇

#NGX https://t.co/YRRrtBVU1Y

💹 What powered the growth?

Transaction fees surged 169% to ₦13.34bn

Listing fees increased 59% to ₦2.38bn

Technology income grew 19% to ₦447.86m

When more companies list and more investors trade, NGX Group wins. https://t.co/PHTlLQ8uFr

Aradel Holdings delivered explosive half‑year results: revenue surged 600% to ₦2.49 trillion, pre‑tax profit hit ₦752 billion, nearly neck‑and‑neck with Seplat.

Crude oil sales drove 80% of revenue, with natural gas adding ₦512 billion.

Watch the full video on YouTube https://t.co/UjRdHSNCia

Naira holds firm at N1,367/$ as CBN keeps dollar in check

The naira traded within a relatively narrow range at about N1,366.5 per dollar at the Nigerian foreign exchange market, closing near N1,367 per dollar as the Central Bank of Nigeria continued measures to support exchange-rate stability.

@NigAffairs @woye1 Listing NNPCL on the Nigerian Exchange is a bold reform that can improve transparency, strengthen corporate governance, attract investment, and unlock value for Nigerians.

The @ngxgrp briefing to President @officialABAT on 6 August 2026 puts market capitalisation at N158.10trn as at 5 August, from N28.70trn in H1 2023, with the All-Share Index at 244,912.24 and foreign portfolio flows at N1.28trn from N185.62bn, a multiple of 6.90 times on https://t.co/6z5iJD0VdI

☀️ NGX Morning — Fri, 7 Aug
📊 Yesterday's market
↑ 19 stocks closed higher
↓ 28 closed lower
🛡️ Insurance led the gains
🎯 Today's Top Buys
🟢 FCMB · 68.5 · ₦11.70 · 90D -5%
🟢 UCAP · 64.2 · ₦18.05 · 90D -11%
🟢 MTNN · 58.3 · ₦845.00 · 90D +20%

Fuel Subsidy gulped N1.16trn in 2021 – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission reported that Nigeria spent N1.16 trillion on fuel subsidies in 2021. It also cited crude and product losses of N16.20 billion, pipeline repairs costing N22.05 billion, and strategic stock holding expenses of N6.75 billion.