The Market Pulse

The Nigerian Exchange Limited (NGX) has announced a price adjustment for Unilever Nigeria Plc shares following the company’s approved dividend payment of ₦2.00 per share.
Adjustment took effect on 3 August 2026, marking the transition of the stock into its ex-dividend period

NGX
1. Access
2. Zenith
3. GTCO
4. MTN
DO ONE THING
DO IT WELL

@nazzaokonkwo Wby zenith & GTco h1 results?

Fidson delivers ₦3.6bn dividend, reaffirms path to becoming africa’s largest pharma manufacturer

Fidson Healthcare shareholders approved a dividend of ₦1.50 per 50 kobo ordinary share, totalling ₦3.6 billion, at the company’s 27th Annual General Meeting. The company also highlighted milestones achieved during the year and reaffirmed its ambition to become Africa’s largest pharmaceutical manufacturer.

Anglican bishop decries hardship, seeks action on economy, insecurity

An Anglican bishop has raised concerns about Nigeria’s worsening economic hardship and insecurity, urging urgent government action. Although the report does not discuss specific listed companies, securities, or market data, the highlighted macroeconomic and security conditions may affect business operating environments, consumer demand, investment sentiment, and performance across NGX-listed sectors.

The market is split today. Rotation in full effect.
Losers:

SOVRENINS -10%,
ETI -9.95%,
CADBURY -9.92%,
WAPIC -9.8%,
REGALINS -9.09%

REGALINS was up 10% on Friday. Down 9.09% today. Full reversal in 48 hours. Be careful chasing single-day gainers.

AVACAP holding gains from

💹 NGX Equities Snapshot – July 31, 2026

All-Share Index - 245,283.68 (-0.03%)
Value Traded - N44.84 Billion
Market Deals - 55,357
_
Advancers/Decliners - 36 to 37
Unchanged - 73
_
Volume of Shares Traded - 692.89 Million
Total Equity Market Cap - N158.33 Trillion

NGX Market Update. 03/08/26

Top movers:

AVACAP opens its first full trading week up 9.7%.
ETERNA +10%,
JAPAULGOLD +8.91%,
MCNICHOLS +8.7%,
VITAFOAM +7.9%
TIP bouncing +3.39% today.

TIP Dividend qualification date is August 10. Watch the volume closely this week.
Banking

I remember when we read about TOE moves into Seplat. People said it was beyond him and that he might not be able to meet up.

Then he was appointed Chairman, and all of you went quiet.

I really admire that man, wallahi.

Can most sustainable listed companies outperform the broader market? @ngxgrp

My White Paper on this is currently under review.
Building an Investable ESG Equity Index for the Nigerian Exchange. @ngxgrp

https://t.co/qePvncepbT

Urban renewal: How indigenous firms are redefining real estate development in Lagos

Real estate developers in Lagos are adopting new approaches to urban renewal amid rapid urbanisation and rising demand for sustainable infrastructure. The report examines how indigenous firms are contributing to property development and urban transformation, without providing specific information on listed companies, earnings, transactions, or corporate actions.

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

FirstHoldCo Plc has surpassed a market capitalisation of N6 trillion during trading on August 3, 2026, becoming the first Nigerian banking group reported to reach that level. The development is directly relevant to NGX equities investors because it concerns the valuation milestone of a tracked listed financial-services company.

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

FirstHoldCo Plc crossed the N6 trillion market capitalisation threshold during trading on August 3, 2026, becoming the first Nigerian banking group reported to reach the milestone. The development relates directly to NGX market activity and the valuation of a listed financial services company.

FULL LIST: 43 insurance, reinsurance companies that met NAICOM recapitalisation deadline

NAICOM announced that 41 insurance companies and two reinsurance firms met the insurance sector recapitalisation deadline of July 31, 2026. The update concerns regulatory compliance and industry capitalisation, with potential relevance to listed insurance and financial services companies, although no specific firms are identified in the provided text.

💰 One hour into trading, capital is staying with the heavyweights.

ARADEL (₦1.54B) leads turnover by value, followed by FIRSTHOLDCO (₦1.27B) and MTNN (₦734.2M).

📊 Interestingly, 5 of the top 10 by value traded are in the green. The remaining five are yet to record any https://t.co/UEZoncQm5h

@the_goodfemi The only change in this stock is Otes involvement. The same effort Elemulu had in Seplat.

Na pure price pumping! Nothing significantly has changed in the fundamentals of the stock!

Summarized list of NGX-listed insurance stocks that raised capital for the 2026 NAICOM recapitalization:

• Lasaco Assurance: ₦19.3bn (rights issue, oversubscribed)

• Linkage Assurance: ₦16.2bn (fully subscribed rights issue)

• Guinea Insurance: about ₦12.6bn (rights + https://t.co/CM4dzuVAv2

Nigeria spared as seven OPEC+ producers raise output by 188,000 bpd

Seven OPEC+ producers have agreed to raise output by 188,000 barrels per day. Nigeria was excluded from the meeting because it is not participating in the additional voluntary production adjustment arrangement, and the increase therefore does not affect its production plans.

Your prosperity claims, mere fiction, Atiku replies Tinubu

Atiku Abubakar has disputed President Bola Tinubu’s claims of economic prosperity, citing the reported collapse of 767 manufacturing companies and distress affecting another 335. The assertion highlights concerns about operating conditions in Nigeria’s manufacturing sector, which is represented among NGX-listed industrial and consumer goods companies.

FirstBank empowers female business owners with ₦10m grants

FirstBank has awarded ₦10 million in grants through its Spark A Gem Challenge to female business owners. The initiative focuses on supporting women-led enterprises and reflects the bank’s entrepreneurship and corporate social responsibility activities within Nigeria’s banking sector.