The Market Pulse

Nigeria’s Cocoa Exports Face EU Compliance Risk as Deforestation Rules Tighten

The Lagos Chamber of Commerce and Industry warns that more than half of Nigeria’s cocoa production may struggle to meet documentation requirements under the European Union’s deforestation rules. The compliance risk could affect access to the European market and Nigeria’s agricultural export earnings.

NNPC Moves Closer to Stock Market Listing as Governance Reforms Gather Pace

NNPC has advanced preparations for a proposed IPO, with management implementing changes to financial reporting and corporate governance to meet public-listing requirements. Group Chief Executive Officer Bayo Ojulari disclosed the progress in an interview with Bloomberg.

CBN Cuts Dollar Sales by 69% as Private Inflows Reshape Nigeria’s FX Market

The Central Bank of Nigeria reduced its foreign-exchange sales by 69.03% to $1.67 billion in the first half of 2026, from $5.41 billion in the same period of 2025. The decline coincided with increased dollar inflows from private sources and lower reliance on direct CBN intervention.

E-Tranzact Extends Rally With 9.8% Gain to N15.75

E-Tranzact International Plc rose 9.76% on the Nigerian Exchange on Wednesday, gaining N1.40 to close at N15.75. The advance followed a 9.96% increase in the previous session, placing the stock among Wednesday’s strongest performers.

Livestock Feeds Rally Nears 90% as Stock Jumps Another 9.7%

Livestock Feeds gained 9.71% on the Nigerian Exchange, rising from N15.45 to N16.95 and adding N1.50 during Wednesday’s session. The stock was among the exchange’s strongest gainers, extending its rally.

Access Holdings Dominates NGX Volume With 99.4 Million Shares Traded

Access Holdings was the most actively traded stock on the Nigerian Exchange on Wednesday, with 99.37 million shares worth N2.75 billion exchanged. The stock represented approximately 31.6 percent of the 314.91 million shares traded across the equities market during the session.

Day 116 – Building Dividend Income
Tweet:
Dividend income can become more powerful when investors build a diversified portfolio and reinvest distributions over time. #NGX #Investing
Key Lessons:
✅ Dividend stocks
✅ Diversification
✅ Reinvestment
✅ Compounding
Simple https://t.co/dA1c4pE5RW https://t.co/PmRnFcf5hT

NGX Snaps Losing Streak as All-Share Index Rises 0.06% to 247,673.65

The Nigerian equities market returned to positive territory on Wednesday after two consecutive losing sessions. The All-Share Index gained 0.06%, rising 160.02 points to 247,673.65 from 247,513.63 in the previous session.

Current Black Market Dollar to Naira Exchange Rate Today, Thursday, October 15, 2026

The parallel-market dollar exchange rate was reported at approximately ₦1,375 to buy and ₦1,390 to sell on October 15, 2026. The report described the naira as relatively stable and noted that foreign-exchange demand continued to influence transactions.

Why CBN’s half-year FX sales fell to lowest in 19 years

The CBN sold $1.67 billion in foreign exchange during the first half of 2026, the lowest half-year total in 19 years. The report focuses on the reasons behind the decline in sales.

NNPC’s N66 petrol discount offers no relief as transport costs squeeze drivers

A N66-per-litre petrol discount from NNPC for commercial transport operators has done little to ease pressure on drivers’ earnings, as transport costs continue to squeeze them.

"Nigeria’s equities market recorded a modest recovery on Wednesday, 14 October 2026, ending two consecutive sessions of decline as the NGX All-Share Index gained 0.06% to close at 247,673.65 points. Market capitalisation increased by N103.90bn to N160.81trn, and the year-to-date https://t.co/mn2gMEu9Fi

Asset of the day: Stanbic IBTC Holdings (STANBIC)

Stanbic IBTC is a financial services group offering banking, capital markets, and asset management services in Nigeria. The business has delivered strong profit growth in recent years.

Key numbers
Latest full-year (FY 2025) https://t.co/b7paUxdldK

Nigeria Stock Market 24-hour Important Summary

1. NGX ASI Closed at 247,673.665 ( 📈 +0.06% / +160.02 pts). NGX closed on a firmer note today as slight buying pressure helped the market recoup previous losses

2. Market Capitalisation Closed at ₦160.81 Trillion 📈 (+₦103 https://t.co/o7mJAMJ689

NNPCL is advancing plans to list on the NGX 🇳🇬 (most likely in 2027) following success of Dangote Refinery IPO

NNPC advances IPO plans, addresses governance, financial reporting gaps

NNPC Ltd. is advancing plans for a potential initial public offering, while implementing governance reforms and working to address financial reporting gaps identified by its advisers ahead of a possible capital-market listing.

🇳🇬 NNPCL IS WORKING BEHIND THE SCENES TO MAKE ITS NGX LISTING A REALITY!

Nigeria’s national oil company is working towards a proposed listing on the Nigerian Exchange, potentially opening the door for public investment.

Investors, would you add NNPCL to your portfolio ? https://t.co/kuzPtCivNs

First Holdco is around $4.9 billion now, Zenith is at $4.2 billion. Both in NGX, if Opay had try to IPO in Lagos, they would be looking at probably $1 billion at most, that’s currently lower than their current valuation. But maybe they would have performed better over time. https://t.co/XFKoQOi49Z

NGX rebounds, investors recover N103.9 billion as oil, banking stocks rise

The Nigerian equities market returned to positive territory on Wednesday, October 14, 2026, adding N103.9 billion in investor wealth and bringing market capitalisation to N160.81 trillion. The rebound was attributed to gains in oil and banking stocks.

The tax implications of Atoyebi v. Barclays Bank Plc for international banks in Nigeria

A BusinessDay article examines the tax implications for international banks in Nigeria of the 30 January 2026 judgment in Peter Oluwafemi Atoyebi, SAN v. Barclays Bank Plc. The case may inform how tax rules apply to international banking operations in Nigeria.