Nigerian market news and social signals.
Market Snack archive11564 stories
*INSIDE BUA’S PORT DEAL: Power, Privilege and the Quiet Capture of Nigeria’s Maritime Space*
https://t.co/QFwxRG1riM @BUAgroup @BUACement @BuaFoods
Aradel Holdings shareholders approved a final dividend of N23 per ordinary share for the 2025 financial year at the company’s 31st Annual General Meeting. The resolution was passed during the virtual meeting held on July 30, 2026, alongside other shareholder-approved resolutions.
Nigerian stocks are up 58% YTD and everyone's calling it a bull market. It's really a bank trade. The rally runs on net interest margins fattened by a 26.5% policy rate. That's not growth — it's a rate bet. The day CBN cuts, the same engine runs in reverse.
Streamline News BriefMonday, 03 August 2026, 09:00 AM WAT1. NCDMB, BOI inaugurate c'ttee for $100m Nigerian Content Equity FundThe Fund size is $100million, while the obligor limit is $5million. The Fund is provided by the NCDMB, while the Bank of Industry serves as the https://t.co/Stsr4knEvc
AXA Mansard Insurance Plc increased its half-year profit by 14 percent to N7.8 billion, according to BusinessDay. The result highlights the insurer’s reported financial performance and is relevant to investors tracking the company and Nigeria’s listed financial services sector.
₦1.148 trillion worth of First HoldCo shares are hitting the NGX floor today.RC Investment is offering 10.43 billion shares, about 22.94% of the company, at an indicative ₦110 per share. The stock closed July at ₦129.55, so that’s roughly a 15% discount.These are the same
Aradel Holdings reported first-half 2026 revenue of N2.49 trillion, representing a 577% increase, while profit after tax reached N191.04 billion. The company attributed the performance to higher crude oil and gas production, stronger realised energy prices and increased operating activity during the six months ended June 30, 2026.
AIICO, MTNN and ZENITHBANK is merritrade's recommended stocks for the weekTotally agree with the last two 🚀✅ https://t.co/QGwdEXJtyt
The Presidency urged former Vice President Atiku Abubakar not to judge the Tinubu administration solely by Nigeria’s 2024 economic conditions. It said the government’s reform programme has passed its most difficult phase and is delivering measurable results, without providing specific market data or company-level implications.
Nigerian crude oil and major global oil contracts fell after the United States and Iran reportedly moved toward fresh talks under President Donald Trump. Expectations that an agreement could reopen the Strait of Hormuz raised the prospect of lower oil prices and cheaper petrol in Nigeria.
The Nigerian parallel foreign-exchange market reportedly traded at about ₦1,410 per dollar for buying and ₦1,425 for selling on Monday, August 3, 2026. The report attributes the levels to firm dollar demand across major foreign-exchange trading locations.
June was brutal on the NGX. Over ₦13 trillion gone. Everybody who bought the top was posting regret.July added ₦11.11 trillion back.Same market. Same stocks. Thirty days apart.Now August may dip too, as institutions raise cash ahead of the Dangote Refinery listing.Red
GMMTNN rewards shareholders again with an interim dividend of ₦26.00 per share.Qualification: 20 Aug 2026 Payment: 7 Sept 2026With an EPS of ₦33.00, that's a 78.8% payout ratio,a sign of strong earnings and healthy cash flow.
Brent crude prices fell sharply after signs of easing tensions between the United States and Iran, following a delay in military action and renewed efforts toward a nuclear agreement. Brent is a key benchmark for Nigeria’s oil sector and can influence sentiment toward listed energy companies.
The Federal Ministry of Environment has placed 944 communities across 21 states on critical flood alert from August 2 to August 15, 2026. Hundreds of additional communities face varying levels of risk, according to the government warning.
SEPLAT ENERGY H1 2026 PERFORMANCE UPDATESeplat Energy Plc has delivered an outstanding first-half performance for 2026, reporting nearly 500% profit growth and rewarding shareholders with strong dividend guidance!
Key Highlights:Revenue: Up 68% to $1.82 billion
Profit
FirstHoldCo shares reached N129.90 in July 2026 amid reported purchases of nearly N300 billion by Olufemi Otedola. The transactions reportedly raised his beneficial ownership to an estimated 25.85 percent and contributed to sustained demand for the financial services stock.
Femi Otedola has bought a further 1,779,094,976 shares in First HoldCo at ₦124.9 each, spending ₦222.21 billion, about $160 million, in the largest single purchase he has made in the bank. His enlarged holding of 11.96 billion shares is worth about $1.07 billion, taking his https://t.co/LXAAwvbmAv
Seplat Energy drives discourse on Africa’s education future at ASIS 2026 https://t.co/7zm9zHUCkL
A communication expert has praised the Nigerian Upstream Petroleum Regulatory Commission for the transparency and credibility of its 2025 Oil and Gas Licensing Round. The review highlighted the Commission’s adherence to established guidelines and described the exercise as having passed a critical transparency test.
Turn market signals into contest trades with your game's starting cash.
Claim your handleWe use essential cookies for sign-in, security, and saving your competition session. Read our Privacy Policy.