The Market Pulse

If you're betting for a 5-year long run in the banking sector, aside Zenith and GTCO, First Bank is truly worth it.

Play with Otedola. He's mostly right.

WEMPCO Executives Face Contempt Proceedings in N61.45 Billion UBA Debt Dispute

United Bank for Africa Plc is pursuing recovery of an alleged N61.45 billion debt from Western Metal Products Company Limited. Nine individuals linked to WEMPCO face possible contempt proceedings over alleged interference with a court-appointed receiver-manager in proceedings before the Federal High Court in Lagos.

Last week reminded us that money never sits still. It simply moves to where the opportunities are.

Wall Street bounced back as the S&P 500 gained 1.05% on strong tech earnings. Here at home, the NGX slipped by 0.84% as investors took profits, while the naira weakened to https://t.co/OAeGqvHwOi

If you hold a 20-stock portfolio on the Nigerian Exchange, you aren’t managing risk, you’re just diluting your upside

Only a handful of heavyweights (Industrial Giants, Tier-1 Banks, Telcos) account for over 70% of total market capitalization

The remaining 100+ penny stocks

@vanderjoo @Nairametrics No. The entire Nigerian Exchange equities market is worth about ₦158.6 trillion, or roughly $116 billion at current rates. That is under 4% of Amazon’s $3 trillion valuation.

Approximate top 10 by market cap (early August 2026):
1. Airtel Africa ~₦21.8T
2. MTN Nigeria ~₦17.7T

📸Midday NGX Update

Market breadth remains weak with 29 losers vs 15 gainers, but the tape is telling a more nuanced story than the headline.

🟢 NREIT continues to dominate, holding +9.71% while leading the market in value traded at ₦2.03B, accounting for 16.9% of total https://t.co/TtQun4aFNi

Keyamo intervenes as TSC crisis threatens domestic airline operations

A crisis involving the statutory Ticket Sales Charge levy collected by airlines for the Nigeria Civil Aviation Authority is threatening domestic airline operations. Aviation Minister Festus Keyamo has intervened in the dispute, which may have regulatory and operational implications for Nigeria’s aviation services sector.

If you had invested ₦100,000 at the beginning of July, how much would your investment be worth today?

See how July's top gainers and top losers on the Nigerian Exchange (NGX) performed over the month

Which stock's performance surprised you the most? Tell us in the comments. https://t.co/pFDqACZ9Gp

Nigeria, right now, in numbers.

NGX All-Share Index: 245,730.53

Today's move: +0.18%

Market cap: ₦158.61 trillion

Year-to-date: +57%

Inflation (YoY): 15.91%

Monetary Policy Rate: 26.50%

91-day T-bill stop rate (July 29): 16.30%

FGN Savings Bond (August, 2-year): 13.963%

@ChairmanHKN Chairman good afternoon Sir. Chairman over thinking wan put me in early grave yard 😭 please come to my help 🙏 2057907712 UBA Maureen chika 🙏

TSC crisis: Aviation unions gear up for airlines’ picketing

Nigerian aviation unions are preparing to picket airlines over billions of naira in allegedly unremitted Ticket Sales Charges. The unions warned that the dispute could lead to industrial action, creating a potential operational risk for Nigeria’s aviation sector and related listed services businesses.

🔄 MBENEFIT is staging the market's strongest intraday recovery so far.

The stock falls as much as -5.5% earlier in the session before rebounding to +7.38% (₦3.49).

That's an impressive 12.9 percentage-point swing from today's low to its current price, the biggest recovery on https://t.co/AfMi6alqsR

Another major milestone on the Nigerian Exchange.

First HoldCo has now crossed a ₦6 trillion market capitalization.

📌 Share Price: ~₦136
📌 Market Capitalization: ₦6.09 trillion
📌 Earnings Per Share (TTM): ₦8.86
📌 H1 2026 Profit Before Tax: ₦653.54 billion (YoY Growth) https://t.co/3bRe3bcYRF

Nigeria’s fintech success comes with a hidden casualty: Microfinance banks

The report examines how Nigeria’s fintech expansion is affecting microfinance banks, highlighting a potential shift in competition and business conditions within the financial sector. It does not identify a specific listed company or disclose financial results, corporate actions, or market data.

We teach you:
✅ Read financial statements
✅ Spot quality businesses
✅ Build portfolios across NGX & U.S. markets
✅ Invest with a plan, not emotion

We teach you:
✅ Read financial statements
✅ Spot quality businesses
✅ Build portfolios across NGX & U.S. markets
✅ Invest with a plan, not emotion

Know when to trade:
🇳🇬 NGX: 9:30 AM – 4:00 PM WAT
🇺🇸 NYSE/NASDAQ: 3:30 PM – 10:00 PM WAT
(Watch out for U.S. Daylight Saving shifts!)

Know when to trade:
🇳🇬 NGX: 9:30 AM – 4:00 PM WAT
🇺🇸 NYSE/NASDAQ: 3:30 PM – 10:00 PM WAT
(Watch out for U.S. Daylight Saving shifts!)

FirstlyHoldCo became best performing banking stock in less than a month , From #47 to #136 in just a month , ote$ I see your hand work …

UBA pity boys 🤲🤲… Daalu , anyways patience is virtue right https://t.co/fHETDQR3aR

Two ways to time an entry on the NGX, and most people only know one of them.

1/ Manual pulse-checking: Watch the market open, feel out the mood, decide your entry price based on what you're seeing in real time.

Works if you have the time to actually sit with the order book.