The Market Pulse

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.

Last Week's Biggest Movers on the NGX-
CRITICALM: Up by 22.78%
ABCTRANS: Down by 18.44%

CRITICALM strong rally shows renewed buying interest and positive market sentiment.
ABCTRANS sharp decline suggests heavy selling pressure, likely driven by profit-taking or weak sentiments.

Nigeria nears 190m mobile lines as data demand surges

Nigeria’s active mobile subscriptions approached 190 million in May 2026 as demand for data services increased. The development provides market context for listed telecommunications companies operating in Nigeria, including MTNN and Airtel Africa, whose businesses are exposed to subscriber growth and data usage trends.

AXA Mansard, Lagos DSVA intensify campaign against domestic, sexual violence

AXA Mansard has partnered with the Lagos State Domestic and Sexual Violence Agency to increase awareness and prevention efforts concerning domestic and sexual violence. The reported initiative is a social and corporate responsibility activity involving the listed insurance company, without disclosed earnings, market data, or corporate action details.

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Dangote Cement Distributes Education Materials in Kogi

Dangote Cement Plc’s Obajana Plant distributed educational materials in Lokoja, Kogi State, as part of the company’s corporate social responsibility activities. The report highlights the cement manufacturer’s community engagement but provides no earnings, dividend, operational, or market-performance information.

SEC DG: Why Nigeria’s stock rally differs from South Korea’s surge

SEC Director-General Emomotimi Agama explains how Nigeria’s stock-market rally differs from South Korea’s surge, while cautioning that the capital market is not a casino. He also notes that recent gains have remained concentrated among large-capitalisation equities.

@StanbicIBTC Stanbic bank is a shame

FirstHoldco hits N6 trillion market cap in historic first for Nigerian banks

FirstHoldCo Plc has crossed the N6 trillion market capitalisation mark during the ongoing trading session today, August 3, 2026.

https://t.co/VSBRgqmZzY

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@FirstBankngr are doing wonders on ngx like wtf just today 136/share bro that ain't normal that dictation that I will always be the first 😂

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@Lautechnelfund FCMB fah 😢💔

Anyway, reached my end with Stanbic. What USD bank options would you recommend that have a private/ affluent banking section that actually works? Can’t keep paying Stanbic affluent banking monthly fees for this level of nonsense…

@greyfinance Hey grey.. why is my Naija account changing from Wema bank account to FCMB account. What's going on.

Fcmb is now dropping
Go check your bank https://t.co/7lax7FmOSb

@usouph Hello @usouph, your twitter mention caught our attention. We would like to see how we may help you. Please be informed that a response has been provided via DM. Kindly check to confirm same. Thank you.
https://t.co/aI8dhyejna
UBA CARES

@SuttonSign8ure @the_goodfemi Dividend payout isn't company fundamentals.

It may be a value trap. What is FirstHoldco PE ratio relative to GTCO and Zenith?

Is their earning growth commensurate with the price growth?

Kashflex
Kuda
Fair money
Tioan
Kkloan
Palmcredit
Alend
Easemonie
Carbon
FCMB (fast cash)
Dem plenty shaa incase person life wan spoil Dey go https://t.co/3jNPlPyNdS

FCMB already dropping ✅

@Abdool85 This kind of infrastructural development comes once in a while , go again UBA Sani