The Market Pulse

🐳 Orca Watch: Significant block trade on #MTNN
🟢 Action: BUY
💰 Total Value: ₦102.0M (120.7K shares @ ₦845)
⏰ Time: 14:24 WAT
See where the smart money is moving next:
🔗 https://t.co/cFVHdSWDuD #NGX

AVA Capital Plc has been admitted to the Main Board of Nigerian Exchange Limited (NGX) following the listing by introduction of its 5 billion ordinary shares at N7.50 per share, with a market capitalisation of N37.5 billion.

https://t.co/234ulnZ71I

Less than 2 hours to close. Here is where the NGX stands right now. Monday August 3, 2026. 🇳🇬

TOP GAINERS

ETERNA +10% | ₦36.3
OMATEK +9.88% | ₦1.78
AVACAP +9.70% | ₦9.05
MCNICHOLS +8.70% | ₦6.25
VITAFOAM +7.90% | ₦194

TOP LOSERS

ETI -9.95% | ₦80.1
CADBURY -9.92% |

Join our Half Year 2026 Investor & Analyst Conference Call as we discuss our financial performance, strategic priorities, and outlook for the remainder of the year.

📅 Wednesday, August 5, 2026
🕒 3:00 PM (Lagos)

Register here: https://t.co/TN7vOc0Ebu

#BUAFoods https://t.co/k1angvEVPi

@TomolaGroup The only blocker I am anticipating for most retailers would be the listing price. Anything above 500-1k would be a deterrent for most retailers. That’s high for a stock that’s yet to survive the NGX blizzard

#NGX

The equity price of UNILEVER NIGERIA PLC was adjusted today 3RD August 2026, for a dividend of 2.00 as recommended by the company’s Board of Directors.

The last close price was 147.95 while the Ex-Div price is 145.95

Falana knocks FG over proposed electricity tariff hike

Human rights lawyer Femi Falana criticised the Federal Government’s proposed electricity tariff increase, arguing that stable and uninterrupted power supply should be achieved before tariffs are raised. The policy debate is relevant to Nigeria’s utilities sector and may affect listed companies exposed to electricity generation and distribution costs.

Economic hardship: Atiku rejects presidency’s defense of Tinubu reforms

Atiku Abubakar has challenged the presidency’s defense of President Bola Tinubu’s economic reforms, citing worsening poverty and food insecurity. The presidency maintains that the reforms are supporting economic recovery, highlighting an ongoing debate over their effects on households and Nigeria’s broader economic conditions.

In 2024, NGX Group delivered a record performance:

Revenue & other income: ₦23.99 billion

Profit before tax: ₦13.58 billion

Profit after tax: ₦9.92 billion

The exchange lists over 150 companies, including Dangote Cement, MTN Nigeria, GTCO, Zenith Bank, Access Holdings, BUA https://t.co/1yxuVySuoR

NGX firmer today (Mon 3 Aug 2026)

ASI: 245,654–245,837 (+0.15% to +0.23%)

Mkt Cap: ₦158.6T

Top gainers: ETERNA +10%, OMATEK

+9.9%, AVACAP +9.7%

ETI among top losers (-10%)
Breadth mixed. Trading continues.

NGX Investors,

Expect dividend alerts of N1.3 per share on Wednesday Aug 5 2026.

goodluck & godspeed

This is the first interim dividend in VFD Group's history. The first time we are rewarding shareholders mid-year.

At ₦0.24 per share, this maiden interim almost matches our entire FY2025 dividend of ₦0.25 per share. In effect, close to a full year's payout returned in just six https://t.co/85iSSNzHc8

Research Insight #5 | Earnings Quality

After analyzing MTN Nigeria H1 2026 results, here's what stood out:

While operating performance drove most earnings growth, lower finance costs and higher finance income also provided support.

At the same time, the business is becoming

@thepoetpreneur @itzchristunique ABC simple. Guaranty Trust Equity Income Fund by GT Fund Managers puts most of your money into Nigerian stocks that pay dividends. Goal is regular income plus long-term growth. Start with just ₦5,000. Annual fee 1.5%. High risk (70-95% equities) so value moves with the market.

Research Insight #4 | Capital Allocation

After analyzing MTN Nigeria H1 2026 results, here's what we found:

Operating cash flow remained strong enough to support significant shareholder returns.

Following the final dividend paid during H1, the Board also approved an interim

@thepoetpreneur @itzchristunique Guaranty Trust Equity is the Guaranty Trust Equity Income Fund by GT Fund Managers. It invests mainly in dividend-paying NGX stocks for income plus long-term growth. Min start ₦5,000, 1.5% fee, high risk (70-95% equities). Strong recent returns amid NGX gains (high double digits

@TomolaGroup Fundamental don’t lie.

First holdco plc reported a profit after tax of N526.1 billion leading to 816% year on year profit after tax for the first half of 2026 and approved a new policy to pay out at least 60% of annual profits as dividends.

Rose to become one of the most

BIG NEWS FOR VFD GROUP SHAREHOLDERS

VFD Group Delivers 100.8% Growth in H1 Profit After Tax, Approves 24 Kobo Interim Dividend

This is the first interim dividend in VFD Group's history. The first time they are rewarding shareholders mid-year.

At ₦0.24 per share, this maiden https://t.co/w38RtoJQo3 https://t.co/7FLLy4Akae

CBN offers N700 billion in first Treasury Bills auction for August 2026

The Central Bank of Nigeria, acting for the Debt Management Office, is offering N700 billion in Treasury Bills across 91-day, 182-day and 364-day tenors at its first auction scheduled for August 2026.

EXCLUSIVE: Otedola targets over 51% stake in First HoldCo

First HoldCo Plc Chairman Femi Otedola has stated his intention to increase his ownership in the company beyond 51%. He said majority ownership would support the implementation of reforms and restructuring aimed at creating long-term value for the listed financial services group.