Stakeholders have raised safety concerns about Nigeria’s transition to compressed natural gas and electric vehicles, citing weak regulation and uncertified products. They called for urgent measures to strengthen standards and oversight, issues that may affect companies and investments linked to energy, vehicle, equipment, and supporting infrastructure markets.
The report highlights Nigeria’s food security challenges, including substantial raw-material import spending and post-harvest losses, and discusses NASENI’s agricultural mechanisation efforts. The developments relate to domestic agricultural productivity, import substitution and food supply conditions, which may affect listed companies exposed to agriculture and consumer goods.
NASCON Allied Industries reported a 27.59% increase in pre-tax profit to N29.70 billion for the six months ended 30 June 2026, while earnings per share rose 25.74% to N14.51. The analysis attributes about half of profit growth to interest income, with improved efficiency and margins also contributing.
Nigerian equities reversed the previous session’s gains, with market capitalisation falling by N599 billion. Profit-taking in First HoldCo and GTCO contributed to the decline, while Nestlé Nigeria’s weaker-than-expected half-year result triggered selling pressure. Trading activity increased during the session.
Nigerian equities reversed the previous session’s gains as market capitalisation declined by N599 billion. Investors took profits in First HoldCo and GTCO, while weaker-than-expected half-year results from Nestlé Nigeria prompted selling pressure. Trading activity increased despite the broader market decline.
The Federal Government plans to begin rolling out a 90,000-kilometre fibre optic network across Nigeria within weeks. The initiative is intended to improve broadband connectivity and support the country’s digital economy, creating a relevant infrastructure and policy development for investors tracking the listed ICT and telecommunications sector.
🎯THE PLAY: Cooling global crude prices provide a double benefit reducing domestic inflationary pressures while lifting global risk assets. Use minor NGX pullbacks to systematically accumulate quality dividend leaders!📈
#NGX #GlobalMarkets #Investing #Tech #Finance #IsaacMarkets
Nigeria in 1min: Economic, Business and Financial Market Headlines – 5th August 2026
The equities market has entered a more discerning phase. Tuesday's session saw the NGX All-Share Index ease 0.38 percent to 244,802.83 points as profit-taking in bellwether names withdrew
The Central Bank of Nigeria attributed the country’s rising foreign reserves to renewed investor confidence and sustained capital inflows. The comments link improved external liquidity with stronger investor sentiment, providing relevant macroeconomic context for participants tracking the Nigerian Exchange and domestic equity markets.
🇳🇬NGX UPDATE
• Healthy breather: The ASI dipped 0.38% (-927.7 pts) on Tuesday to close at 244,802.83 bps (Market Cap: ₦158.02T).
• Market breadth: 15 gainers vs 44 decliners as institutional buyers rotated through banking heavyweights.
• Official FX rate stable at ₦1,362/$1.
Oando Plc reported a 20% increase in half-year revenue to N2.1 trillion, supported by higher oil and gas production, improved operational efficiency and lower operating costs. Profit after tax rose 8% to N68.6 billion, highlighting the company’s latest earnings performance.
The profile examines Kelechi Ohiri’s leadership of the National Health Insurance Authority and efforts to expand coverage, improve strategic purchasing, strengthen digital systems and finance maternal healthcare. The reforms position health financing as an economic and productivity issue, with potential relevance to Nigeria’s listed healthcare sector.
Nigerian aviation unions have threatened to picket airlines over billions of naira in allegedly unremitted Ticket Sales Charges. The unions warned that failure to resolve the dispute could lead to industrial action, potentially disrupting airline operations and related aviation services.
The United Kingdom plans to cut development assistance to Nigeria by 50.2 per cent as it reduces overseas aid to fund domestic priorities and higher defence spending. The report places Nigeria among countries facing reduced support from the UK, US and Europe, with potential implications for development financing.
@moneyacademyKE Targeting a company valuation of $40B–$50B for a 5% to 10% equity stake, the IPO's initial listing will be on the Nigerian Exchange (NGX). It will features pan-African secondary structures targeting exchanges in Kenya (NSE), South Africa (JSE), Ghana, Rwanda, and Egypt.
@anthonyuzum I'm redirecting my funds into equity and money market funds until the Dangote Refinery IPO is completed. It really is a looming cloud over the NGX.
Former Kano State Governor Rabiu Musa Kwankwaso called on the Federal Government to conduct a credible, transparent and technology-driven national population and housing census. He said outdated population figures have constrained effective planning and decision-making across critical sectors, making the issue relevant to Nigeria’s macroeconomic outlook and listed companies.
Dangote Refinery targets Africa's largest IPO by October 2026, seeking $5B (KES 646B) at a $40B–$50B valuation. Listed primarily on the NGX with pan-African reach, proceeds will fund Lagos expansion and a proposed Kenyan refinery.
The Federal Government has set a 2027 target to provide round-the-clock electricity to 30% of health facilities. It also approved a financing framework and related reforms to support implementation. The policy may influence infrastructure planning, power-sector activity and operating conditions for businesses reliant on electricity.
What is happening here is a clean-up of an old ownership mess. All these posts I am seeing about capital raises are misleading. There is a backstory to it.
The backstory is the Otudeko-Otedola tussle. Oba Otudeko’s Barbican Capital and Tunde Hassan-Odukale’s Leadway camp held a https://t.co/pLkOpccYc3