Nigerian market news and social signals.
Market Snack archive11002 stories
The Lagos State Lotteries and Gaming Authority has given mobile network operators, including MTN and Airtel, and licensed value-added service providers 30 days to verify the licensing and tax compliance of gaming businesses using their platforms in the state.
Eko Power Limited says it is licensed by the Lagos State Electricity Regulatory Commission to distribute electricity in southern Lagos. Its establishment follows a legal transition under the Electricity Act 2023, as amended, and the 2023 constitutional amendment.
FTN Cocoa Processors Plc reported 2025 revenue of N5.65 billion, up 310.5% from N1.38 billion in 2024. The company also cited high production costs.
Shell Plc has agreed to sell its Nigerian domestic gas distribution business to Vaaris Energy Ltd. The business includes a pipeline network serving the domestic market. The item reports a transaction involving Nigerian gas assets, though it does not identify an NGX-listed buyer or provide further transaction details.
📊 GTCO H1 2026: Strong Fundamentals, But Is Profit Growth Strong Enough?GTCO reported ₦603.03B profit before tax, up just 0.4% year-on-year.Here’s what beginners should know:🏦 Total assets: ₦18.6T
💰 Customer deposits: ₦14.0T
🛡️ Capital adequacy ratio: 34.9%
📉 Cost of
📊 GTCO H1 2026: Strong Fundamentals, But Is Profit Growth Strong Enough?GTCO reported ₦603.03B profit before tax, up just 0.4% year-on-year.Here’s what beginners should know:🏦 Total assets: ₦18.6T
💰 Customer deposits: ₦14.0T
🛡️ Capital adequacy ratio: 34.9%
📉 Cost of
A Kenyan court has lifted an interim restriction on Aliko Dangote’s proposed $16 billion refinery in Lamu, allowing the project to proceed. The development concerns a large oil and gas investment by a prominent Nigerian business figure, though the report does not identify a directly involved NGX-listed company.
STATART INSIGHTS & ANALYTICS
Nigeria Financial Markets | Daily Snapshot
Wednesday, 14 October 2026
Market session: Tuesday, 13 October 2026NGX Market Close
All-Share Index: 247,513.63 | −0.09%
Equity market capitalization: ₦160.71 trillion
Daily market value decline: ₦144.54
LCCI warns that more than half of Nigeria’s cocoa beans may fail to meet the EU deforestation rule and calls for rapid farm mapping and a national platform to support compliance.
Access Holdings Plc (ACCESSCORP) is one of Nigeria’s leading financial services groups and the parent company of Access Bank Plc. The group operates across commercial banking, digital banking, payments, lending, and other financial services, serving individuals, businesses, and https://t.co/2YPVebpn0j
The NGX Pulls Back as Investors Take ProfitsThe Nigerian equities market shed ₦144.54 billion in market capitalisation in a single trading session, closing at ₦160.71 trillion amid continued bearish pressure.But remember: a falling market isn’t necessarily a bad market for https://t.co/7O0OO1aA3g
@UnkleAyo That's actually the usual process of every company's listing on the NGX. That's a private placement and the minimum worth of share you can bid for is 500m naira, so it's meant for the rich. Then IPO subscription, before final listing for the general public.
Nigeria has unveiled 65 investment projects requiring a combined $78.5 billion. The Federal Government says it is seeking domestic and foreign investors to fund the projects, with the stated aims of creating jobs and accelerating economic growth.
Recent available market data gives us the following snapshot:
Market indicatorNGX Group CSCS
Share price₦169.00 at Oct 13 close₦101.20 at Sep 30 close
Approx. market cap ₦442.6bn ₦506bn
Market NGX NASD OTC
Ossiomo Power Company Limited’s management has filed contempt proceedings against Jiangsu Communication Clean Energy Technology Company Limited amid an ownership dispute. The report concerns a Nigerian power company, but it does not identify any NGX-listed company directly involved.
Oil marketers have asked the Federal Government to extend its petrol discount window from 30 to 60 days and include independent marketers. They argue that the current arrangement may limit the discount’s reach and benefits for consumers.
NGX Midday UpdateTop gainers:
🟢 AUSTINLAZ +10.00%
🟢 ETRANZACT +9.76%
🟢 LIVESTOCK +9.71%
🟢 MAYBAKER +9.44%
🟢 NSLTECH +9.09%Losers:
CHAMS (-2.78%),
JAPAULGOLD (-2.26%) and FIDELITYBK (-1.47%).#NGX #NigerianStocks
@stockbubblesNG https://t.co/xk8Zu68hgq
@EACinvestor @WillisOwiti Paying dividends in dollars is a possibility and not new to the NGX. We have dual listed companies like Seplat paying dividends in foreign currencies to those who want it. On the naira weakness, I doubt the naira would grow significantly weaker in the next 5 years at least
African financial markets have recorded their strongest average scores in a decade, while ongoing liquidity constraints remain a challenge. The report concerns regional market conditions that may be relevant to Nigerian Exchange participants, though the supplied text does not identify specific Nigerian stocks or market data.
The IMF has urged Nigeria to resist restoring broad petrol subsidies and instead direct relief to vulnerable households. The recommendation concerns fiscal policy and fuel prices, both of which can affect the wider Nigerian economy and listed companies.
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