The Market Pulse

Three weeks of red. ₦2.93 trillion gone.
Is the Nigerian market crashing?
Let's check the numbers before the headline does our thinking.
What Atlass Portfolios reported for last week:
→ Third straight weekly decline
→ Banking sector: -3.15%
→ NASCON -9.48%, Zenith -6.46%,

Three weeks of red. ₦2.93 trillion gone.
Is the Nigerian market crashing?
Let's check the numbers before the headline does our thinking.
What Atlass Portfolios reported for last week:
→ Third straight weekly decline
→ Banking sector: -3.15%
→ NASCON -9.48%, Zenith -6.46%,

Which would you rather own: a 10% yield that's falling, or a 5% yield that's growing?
Most people never ask. They sort by yield and buy from the top.
Here are 10 NGX dividend payers, ranked by yield (as of [DATE: confirm before posting]):
GTCO: 10.22%
Zenith Bank: 8.13%
UH REIT:

Which would you rather own: a 10% yield that's falling, or a 5% yield that's growing?
Most people never ask. They sort by yield and buy from the top.
Here are 10 NGX dividend payers, ranked by yield (as of [DATE: confirm before posting]):
GTCO: 10.22%
Zenith Bank: 8.13%
UH REIT:

𝗕𝗘𝗥𝗚𝗘𝗥 𝗣𝗔𝗜𝗡𝗧𝗦 𝗜𝗦 𝗨𝗣 𝟮𝟬𝟳% 𝗜𝗡 𝟮𝟬𝟮𝟲. 𝗕𝗨𝗧 𝗜𝗦 𝗧𝗛𝗘 𝗦𝗧𝗢𝗖𝗞 𝗡𝗢𝗪 𝗧𝗢𝗢 𝗘𝗫𝗣𝗘𝗡𝗦𝗜𝗩𝗘? 📈

Imagine investing ₦100,000 in Berger Paints at the beginning of 2026 and watching it grow to approximately ₦307,500 by October 16.

That is the power

𝗔𝗥𝗔𝗗𝗘𝗟 𝗛𝗔𝗦 𝗠𝗢𝗥𝗘 𝗧𝗛𝗔𝗡 𝗗𝗢𝗨𝗕𝗟𝗘𝗗 𝗜𝗡 𝟮𝟬𝟮𝟲. 𝗖𝗢𝗨𝗟𝗗 𝗧𝗛𝗘𝗥𝗘 𝗦𝗧𝗜𝗟𝗟 𝗕𝗘 𝗥𝗢𝗢𝗠 𝗧𝗢 𝗚𝗥𝗢𝗪? 🛢️

Aradel Holdings closed at ₦1,499.90 on October 16, up 123.87% from ₦670 at the end of 2025.

A ₦100,000 investment at the start of the year

Every journey has moments that remind you why you started.
For us, Wema Hackaholics was one of those moments.

This year, we had the opportunity to experience two editions in Lagos. Two different moments, new faces, fresh ideas, meaningful conversations, and countless https://t.co/u5h64DGwOr

Last week, the NGX top gainers list looked exciting.
One stock rose 30%. Another rose 32%.
Do you know how much money actually changed hands?
One of them traded about ₦3 million for the week. Zenith, the most traded stock, did about ₦12 billion.
That's roughly 4,000 times more.

Last week, the NGX top gainers list looked exciting.
One stock rose 30%. Another rose 32%.
Do you know how much money actually changed hands?
One of them traded about ₦3 million for the week. Zenith, the most traded stock, did about ₦12 billion.
That's roughly 4,000 times more.

Amid Tax Reforms, 20 Blue-chip Firms Remit N3.04trn to NRS, Others

Kayode Tokede The major overhaul of Nigeria’s tax system by the federal government has started to yield fruits as just 20 firms listed on the Nigerian Exchange Limited (NGX) paid a https://t.co/t7jvfKtoqM

Nigeria’s N9.2m tobacco control budget too small to tackle 26,800 deaths – CAPPA

CAPPA says Nigeria’s N9.2 million tobacco control budget is insufficient to address tobacco-related deaths. The report also concerns efforts by Customs and BATN to combat illicit tobacco trade in Nigeria, a development relevant to the consumer goods sector.

Monday morning, before the NGX opens

Here’s my 5-minute routine as an investor:

* Check the NGX disclosures for the companies I hold. Anything new?

* Look at which dates fall this week: results, dividends, deadlines

* Write down what I’m NOT going to do today (no chasing, no

Friday on the NGX: ASI barely moved, closing at 247,540 (-0.07%). THOMASWY led the gainers +10%, UPDCREIT dropped 10%. One to watch: the Dangote Refinery IPO closes 27 Oct. https://t.co/nPKZIWRMlS #NGX https://t.co/yxTFThbst2

🌍 MARKET OPEN WATCH | MONDAY, OCTOBER 19, 2026
🇳🇬 NGX | 🇺🇸 NYSE | 🇺🇸 NASDAQ

Three things investors need to know before the trading bell.

🇳🇬 1. NGX — SELLING PRESSURE CONTINUES

Friday's close:
📉 All-Share Index: 247,539.73
📉 Daily change: −0.07%
📉 Weekly performance:

Berger Paints has surged over 200%: Is the stock now too expensive?

Berger Paints Nigeria Plc shares gained 207.5% in 2026, turning a N100,000 investment at the start of the year into approximately N307,500, excluding dividends and trading costs. The article examines whether the stock is now too expensive.

🌍 MARKET OPEN WATCH | NGX • NYSE • NASDAQ

What happened over the weekend—and what should investors watch this Monday?

🇳🇬 NGX — SELLING PRESSURE
The All-Share Index closed Friday at 247,539.73, down 0.07%. Nigerian equities lost 0.33% for the week, extending their decline to

🌍 MARKET OPEN WATCH | NGX • NYSE • NASDAQ

What happened over the weekend—and what should investors watch this Monday?

🇳🇬 NGX — SELLING PRESSURE
The All-Share Index closed Friday at 247,539.73, down 0.07%. Nigerian equities lost 0.33% for the week, extending their decline to

Why Aradel may still have room after doubling investors’ money in 2026

Aradel Holdings has more than doubled investors’ money in 2026, while investors who bought at its April peak have seen a different share-performance outcome. The article considers whether the stock may have further room to rise.

A lower value is better for value - P/S, EV/EBITDA, P/B, P/E. A higher ROE is better for quality

Winner in Each Metric
1. P/S (Price to Sales) - How cheap vs revenue
Overall winner: DPRP (IPO) - 1.72x
Listed winner: Seplat Energy - 2.10
DPRP is pricing sales the cheapest. Among https://t.co/rEl482HlIw

FG’s N658.9 billion cash transfers reach 10.46 million households, World Bank flags gaps

The Federal Government had disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, according to the World Bank’s latest Nigeria Development Update. The report also flagged gaps in the transfer programme.