The Market Pulse

@Apex__Invest Interesting to watch even from an NGX seat, labour markets abroad staying tight tends to keep global rate expectations firm, which flows back into how foreign capital views frontier markets like ours.

Worth tracking the ripple effects, not just the headline number.

@AdebusolaFaruq This is the exact mechanism I lean on.

Reinvested dividends into MTNN and Zenith over time, and the difference between collecting cash and compounding shares only becomes obvious years in, which is exactly why most people give up before it shows.

Consistency beats the big

NGX DAILY SENTIMENT REPORT – AUG 5, 2026

​Market Overview: NGX All-Share Index recorded 100% buying sentiment, a volume index of 1.05, and money flow index closing at 41.21.

​Top Buy Sentiment Stocks: Afropod, CWG, Dangote Sugar, Festo Co, FTG, IE, Jaiz Gold, Linkage Assurance,

☀️ NGX Morning — Thu, 6 Aug
📊 Yesterday's market
↑ 10 stocks closed higher
↓ 38 closed lower
💊 Healthcare led the gains
🎯 Today's Top Buys
🟢 FCMB · 68.4 · ₦11.25 · 90D -5%
🟢 HONYFLOUR · 64.8 · ₦18.10 · 90D -64%
🟢 UCAP · 64.7 · ₦18.00 · 90D -11%

Tinubu’s Reforms Driving Strong Corporate Performance – Presidency

The Presidency attributed strong first-half 2026 financial performance among many Nigerian Exchange-listed companies to economic reforms implemented by President Bola Tinubu’s administration since 2023.

The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year.

The pursuit forms a broader part of the South African bourse’s https://t.co/nxmrbgM46a

Coronation Asset Mgt Opens N20bn Infrastructure Fund Series II Offer

Coronation Asset Management has launched Series II of its infrastructure fund issuance, offering up to N20 billion under a N200 billion shelf programme. The offering expands access to long-term infrastructure investment and is relevant to Nigerian capital markets participants, although no specific NGX-listed company or stock symbol is identified.

Cross River To Partner with FG For Livestock Production

Cross River State is partnering with the Federal Government on livestock production and export trade following the commissioning of Nigeria’s first Livestock Control Post and Guarantee Facility in Mfum, Ikom. The initiative is intended to support livestock movement, production and regional trade through new public infrastructure.

Economic Summit: We are ready to invest in Delta- Brazil, Malaysia investors

Investors from Brazil, Malaysia and the United States expressed interest in investing in Delta State’s agriculture, energy and industrial sectors after inspecting key sites. The reported interest forms part of the state government’s efforts to attract foreign direct investment, although no specific commitments or listed companies were identified.

@AdebusolaFaruq Even in terms of EPS post tax, seplat still does more percent than Aradel, it’s a growing company though, it should do better after those debts.

Aradel Holdings and Seplat Energy generated a combined pre-tax profit of N1.54 trillion in the first half of 2026. https://t.co/Yw5uu5liqO https://t.co/azaLE5mD2s

We’ve started paying depositors of 46 microfinance banks — NDIC

The Nigeria Deposit Insurance Corporation says it has begun paying depositors of 46 microfinance banks whose licences were revoked by the Central Bank of Nigeria in July 2026. NDIC also reports that more than 700,000 depositors of Heritage Bank have received payments.

@ClarkIyke @Mansaah_Musa Most of it holds up. NGX equities market cap was around ₦30T when Tinubu took office and sits near ₦158T now. Domestic investors make up 80-90% of trades (up sharply from earlier years). Youth and digital platforms drive a large share of new participation. Reforms including

@TomolaGroup Where is MTNN?

NUPRC bets on 22 offshore projects to unlock $50 billion investment

NUPRC expects Nigeria’s upstream sector to attract between $30 billion and $50 billion in offshore investment from 2026 to 2030. The investment would support 22 major projects intended to unlock new production capacity, with potential implications for the broader Nigerian oil and gas market.

Data localisation in Nigeria: Separating myth from reality – understanding Nigeria’s evolving legal and policy framework (Part One)

The legal analysis reviews Nigeria’s developing framework for data localisation amid the growth of artificial intelligence, cloud computing, cybersecurity and digital sovereignty. Changes in data-handling requirements could affect compliance obligations and operating models for businesses in Nigeria’s ICT and digital-services ecosystem.

Growth must lift Nigerians, other Africans out of poverty — ITUC-Africa

ITUC-Africa urged African governments to ensure that industrialisation and economic growth improve living standards and reduce poverty. The organisation also criticised Nigeria’s planned removal of the electricity subsidy, a policy development that could affect household costs, business operating expenses and the broader environment for listed companies.

Opportunities for small and mid-sized companies in the 2026 tax reforms: Exemptions, reliefs, and growth incentives

The article outlines exemptions, tax reliefs, and growth incentives available to small and mid-sized companies under Nigeria’s 2026 tax reforms. It also reviews the reforms’ policy objectives and direction, providing regulatory context that could influence corporate tax planning and operating conditions across the Nigerian economy.

Recapitalisation: NAICOM revokes Nigeria Reinsurance licence, freezes bank accounts

NAICOM has revoked the operating licence of Nigeria Reinsurance Corporation and frozen its bank accounts after the company failed to meet the statutory minimum capital requirement under the Nigerian Insurance Industry Reform Act 2025. The action highlights regulatory enforcement of recapitalisation requirements in Nigeria’s insurance sector.

The National Food Safety and Quality Bill (2022): Assessing the implications for product liability and trade in Nigeria’s FMCG industry

The article examines Nigeria’s National Food Safety and Quality Bill (2022) and its potential implications for product liability, regulatory compliance and trade in the fast-moving consumer goods industry. The legislation could affect manufacturers and distributors through food safety standards, enforcement requirements and responsibilities across the supply chain.