The Market Pulse

AfCFTA, Bergmans Sign $3.1bn Concession Deal to Digitise Customs Across Africa

AfCFTA has signed a 20-year concession agreement with Bergmans Security Consultant and Supplies Limited to digitise customs operations across Africa. The initiative is expected to support intra-African trade and reduce revenue leakages, with potential implications for Nigeria’s trade environment and companies exposed to regional commerce.

NAICOM Revokes Nigeria Reinsurance’s Licence, Freezes Operations Over Capital Shortfall

NAICOM revoked Nigeria Reinsurance Corporation’s operating licence and froze its operations after the company failed to meet the statutory Minimum Capital Requirement. The regulator also appointed a Senior Advocate of Nigeria in connection with the intervention, placing the development within Nigeria’s insurance-sector regulatory landscape.

I think for the integrity of the market, NGX needs to stop "listing by introduction".

Because Ava Capital that just listed on Friday has already done 45% in just 5 days. Roughly 9% gain everyday.

I hope we don't have another Zichis on our hands.

President Bola Tinubu has attributed the strong financial performance recorded by some companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the economic reforms implemented by his administration since mid-2023. https://t.co/iapiq0C97d https://t.co/R9UGCsvdbQ

Tinubu claims reforms powered NGX firms’ profit surge in H1 2026

President Bola Tinubu attributed the strong first-half 2026 profit performance reported by some Nigerian Exchange-listed companies to economic reforms introduced by his administration since mid-2023. The report does not identify the companies or provide specific earnings figures.

@TheDamiForeign If you fit open this thing with ease you fit scam fcmb without traces

@HonouredNGN @ThatJuDaH Dangote IPO only is over 20% of NGX market cap

And Dangote alone isn't the issue
It's a pre election year

@ZenithBank You guys are just so unfortunate walahi. Person go just dey stranded for using your useless bank!!! https://t.co/A5KgjUkK0z

@ZenithBank - ZENITH BANK NIGERIA WHY ARE YOU SO UNCARING ABOUT YOUR CUSTOMERS' DIFFICULTY IN ACCESSING YOUR MOBILE BANKING APP?

I REPORTED THE INABILITY OF YOUR CUSTOMERS TO LOG INTO THEIR (ZENITH BANK) MOBILE APP SINCE YESTERDAY AND UP TILL THE TIME OF THIS TWEET SAME PROBLEM! https://t.co/qZBwNldw7x

Stanbic Bank PlcStanbic ETF

Interim dividend of ₦3.07 per share https://t.co/XSldLJ13If

@ZenithBank What is going on with your mobile app

Navy recovers 85,000 litres of stolen crude products in Niger Delta

The Nigerian Navy reported recovering 85,000 litres of stolen crude products and deactivating two illegal refining sites in the Niger Delta. The operation forms part of ongoing efforts to disrupt crude oil theft and illegal refining activities, which affect the operating environment for Nigeria’s oil and gas industry.

NGX Performance Update For August 5 2026

​The Nigerian Exchange stayed resilient today despite mixed sentiments! Here is a quick sector breakdown:

​All-Share Index: Up +0.04%

​Banking: +0.69% (Wave 4 correction completed, bullish trend expected!)

​Consumer Goods:

Peter of Psquare vs. Paul and Jude Okoye

Peter Okoye has shared what he claims is a breakdown of funds discovered in their bank statements, alleging he did not receive his fair share of the money.

According to Peter:
"We agreed that the money in our Ecobank, Zenith Bank, and https://t.co/eAHc5x6dh4

26 companies listed on the Nigerian Exchange have delivered over 1,000% returns to shareholders over the past five years, from August 2021 to August 2026.

Meyer Plc led the pack with a 8,250% gain.
Transcorp followed at 4,296%.
FTN Cocoa Processors returned 2,679%. Presco

The Nigerian Exchange (NGX) closed on a slightly positive note on Wednesday, August 5, 2026, bouncing back with modest gains driven by selective buying despite overall negative market breadth

Top Gainers: LINKASSURE 1.77 +9.94%.

https://t.co/VSBRgqmZzY

#Stockertim https://t.co/7GsQ66ok3s

@TheAbojani Currently holding
1 BAT
2 BOC
3 stanbic bank
4 kapchorwa tea
5 standard chartered bank

Seplat Whatsapp group
https://t.co/Y6VDpCN6S8

Zimbabwe leads Africa’s stock market performance in USD terms for 2026. The Zimbabwe Stock Exchange (ZSE) has recorded a +68.5% year-to-date return, edging Nigeria’s NGX at +66.9%.
A strong signal of investor activity, market resilience and growing confidence in Zimbabwe’s https://t.co/h7OaIC4wXL

This is one of the most annoying things in NGX. E.g., FCMB's EPS was ₦3.96 and DPS was ₦0.35 (8.8% of EPS), and the company retained more than 91% of the EPS — that looks like a rip-off 😂. Many companies avoid paying dividends due to debt or CBN's recapitalization rules. https://t.co/OHOix6PUHR