Nigerian market news and social signals.
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The Senate Committee on Privatisation commended Eko Electricity Distribution Plc for improved operational performance since privatisation and pledged to pursue solutions to persistent challenges affecting electricity distribution. The development relates to regulation and operating conditions in Nigeria’s power sector.
The Johannesburg Stock Exchange (JSE), Africa’s largest bourse, is bidding to secure a secondary listing of the Dangote Refinery after the company’s planned initial public offering (IPO) on the Nigerian Exchange later this year.Credit: @cnbcafrica
Summary of what Dr. UMARU KWAIRANGA, Chairman, Nigerian Exchange Group said for those who don't understand Hausa.1. About 70% of investors from January to date are Nigerian youths below the age of 30 years2. 80 - 90% of investors in the Nigeria stock exchange are Nigerians https://t.co/jJ8iAN0COI
📈 FCMB Group: Analysts Just Raised Their Price Target—What Does It Mean?FCMB Group (NGX: FCMB) has caught analysts' attention again.Here's what changed:📊 Average analyst price target increased by 7.9%, from ₦14.86 to ₦16.04.💰 With the stock trading around ₦11.70,
📈 FCMB Group: Analysts Just Raised Their Price Target—What Does It Mean?FCMB Group (NGX: FCMB) has caught analysts' attention again.Here's what changed:📊 Average analyst price target increased by 7.9%, from ₦14.86 to ₦16.04.💰 With the stock trading around ₦11.70,
NGX Group Plc declared an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026. The company reported a 146 per cent increase in first-half profit, while revenue rose 118 per cent to N17.60 billion, attributed to stronger trading activity and higher investment income.
Aradel Holdings and Seplat Energy recorded a combined pre-tax profit of N1.54 trillion in the first half of 2026. Total income tax expenses amounted to N1.13 trillion, representing 73% of their combined pre-tax profit, according to the report.
The naira remained relatively stable against the United States dollar in Nigeria’s official foreign-exchange market on August 6, 2026. Vanguard reported that a noticeable gap persisted between the Nigerian Foreign Exchange Market and the parallel market, without providing specific exchange-rate figures or company-level effects.
The Presidency says the impressive first-half 2026 performance of many companies listed on the Nigerian Exchange reflects the impact of President Bola Ahmed Tinubu’s economic reforms.
COLLECTING DIVIDENDS AND DOING NOTHING WITH THEM IS LEAVING MONEY ON THE TABLE.Here's how reinvestment quietly builds real wealth on NGX 👇👇▪︎ Most people treat dividends as spending money. It lands in the account, feels like a small win, gets spent on something else.
Aba Power says electricity supply in the Aba Ring-fenced Area will be restored before the end of the week as repairs addressing a gas supply disruption near completion. The outage had affected residents and businesses, while members of the Abia State House of Assembly reviewed the situation.
Nigerian electricity consumers paid N208.15 billion for power supplied in May 2026, according to NERC’s Commercial Performance Factsheet. The report said distribution companies improved revenue collection efficiency during the month, although billing efficiency declined. The update provides regulatory and operating context for Nigeria’s electricity sector.
Nigeria’s business environment expanded more strongly in July 2026 despite rising operating costs, according to the NESG. The group cautioned that higher energy prices, restricted access to credit and other structural constraints could weaken the sustainability of the recovery and affect business conditions across the economy.
The Presidency (@NGRPresident) says strong first-half 2026 results posted by several Nigerian Exchange-listed companies reflect reforms introduced by President Bola Tinubu’s administration. Presidential spokesperson Bayo Onanuga @aonanuga1956 said the unified foreign exchange https://t.co/wXMBLSFs0Y
Dangote Refinery is increasing its use of Libyan crude as Nigerian crude supplies slow, diversifying its feedstock sources. The development highlights ongoing crude availability and supply-chain conditions affecting Nigeria’s refining and broader oil and gas landscape.
🇳🇬 NGX UPDATE:
•The ASI rose +0.04% on Wednesday to close at 244,912.24 bps (Market Cap: ₦158.09T).
• Insurance rally: LINKASSURE (+9.94%), AVACAP (+9.55%), & FTGINSURE (+7.69%) topped the board.
• Turnover hit ₦25.40bn led by massive volume in FCMB & First HoldCo.
#Ngx
The Federal Government has directed that two months of outstanding wage awards owed to federal civil servants be paid by August 15, 2026. The directive followed a meeting between the Finance Minister and Coordinating Minister of the Economy and public service labour representatives.
The naira depreciated to N1,410 per dollar in the parallel market, compared with N1,406 per dollar recorded on Wednesday. The report provides an update on foreign-exchange conditions, a macroeconomic factor relevant to Nigerian Exchange investors and listed companies.
The Healthcare Providers’ Association of Nigeria has rejected the proposed National Health Facility Regulatory Agency of Nigeria Bill, warning that it could increase healthcare costs. The development concerns regulation of Nigeria’s healthcare sector, with potential implications for listed healthcare companies and industry operating conditions.
The presidency says economic reforms introduced under President Tinubu, including forex-market unification, fuel-subsidy removal and banking-sector recapitalisation, are driving significant corporate changes. It also attributes a more stable macroeconomic environment to the reforms, with potential relevance for Nigerian Exchange equities and financial-sector participants.
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