The Market Pulse

Stanbic IBTC Marks 30 Years of Custody Services With NGX Closing Gong Ceremony https://t.co/miorh1CHfk

@tosinolaseinde I believe Firstholdco has trumped GTCO out of this list

The "largely empty after 11 years" claim about WTC Abuja is misleading. It's a privately developed Churchgate project, not a government project. The office tower is fully operational and has hosted major tenants, including Microsoft, Citibank, Agip, and Seplat. Luxury apartments https://t.co/dhZtxIRZEk

Nigeria’s N70,000 minimum wage and the cost-of-living reality

The article examines the N70,000 minimum wage against Nigeria’s cost-of-living conditions. It references the Finance Minister’s explanation that savings from fuel subsidy and foreign-exchange reforms helped support the wage policy, presenting the issue as a broader macroeconomic development relevant to household spending and business conditions.

Nigeria’s AI boom depends on one thing government hasn’t fixed

An IMF departmental paper assesses the potential economic value of artificial intelligence in sub-Saharan Africa, including Nigeria, and examines why current gains remain limited. The discussion focuses on unresolved government-related constraints that could affect technology adoption, productivity, investment and longer-term prospects for Nigeria’s ICT-linked economy.

@TomolaGroup What can Aradel do to reduce the tax rate (like Seplat is doing)

Military dismantles 18 illegal refineries, recovers 250,500 litres of stolen petroleum products

Nigeria’s armed forces dismantled 18 illegal refineries and recovered 250,500 litres of stolen petroleum products during intensified operations against crude oil theft in the Niger Delta. The development is relevant to the oil and gas sector because disruptions to theft and illegal refining may affect sector operations and supply security.

MTN nears 100 million subscriptions as Nigeria’s mobile database hits 189.4 million

MTN Nigeria’s active subscriptions reached 96.9 million in May, bringing the company close to 100 million subscriptions as Nigeria’s total mobile database rose to 189.4 million. The update provides operating data relevant to investors monitoring MTN Nigeria’s customer base and telecommunications performance.

BUA Group Chairman Commends NPA Leadership for Commitment To Port Excellence

BUA Group Chairman Abdul Samad Rabiu commended Nigerian Ports Authority Managing Director Abubakar Dantsoho and the agency’s management team for their commitment to port excellence. The item highlights engagement between a major Nigerian corporate group and the ports regulator, without providing details on specific investments, earnings, or corporate actions.

Aradel reports N753bn pre-tax profit after blockbuster half-year

Aradel Holdings Plc reported unaudited pre-tax profit of N752.71 billion for the six months ended, according to its half-year financial statement. The earnings update is relevant to investors tracking the company and Nigeria’s listed oil and gas sector.

Aradel posts N753 billion pre-tax profit as oil boom drives record revenue

Aradel Holdings Plc reported an unaudited pre-tax profit of N752.71 billion for the six months ended, according to its H1 financial statement. The result was accompanied by record revenue, with the company attributing the performance to favourable oil market conditions.

MAN unveils MPDCL to coordinate energy practical solutions for manufacturers

The Manufacturers Association of Nigeria’s Anambra, Enugu and Ebonyi branch has launched MAN Power Development Company Ltd to coordinate practical energy solutions for manufacturers. The initiative focuses on addressing power-related challenges affecting industrial operations, with potential relevance to Nigeria’s listed industrial goods sector.

MTNN - Half year profit before tax > 1 trillion Naira.

Half year! Let that sink in.

Nigeria / Nigerians are not poor. 😎

I have always believed manufacturing is a waste of time for an investor.. Too much motion with little to show for it.
Service is the key to mega wealth. https://t.co/VJKj906KVl

@TomolaGroup That makes sense. Breadth is the quickest reality check when a handful of companies dominate the index.

But it also raises a structural question: why has the NGX remained this concentrated? Is the bigger constraint limited liquidity in smaller stocks, too few large new listings,

@NGMarketLens Market breadth first. In a market where eight names control ~64% of the entire NGX, the All-Share Index can rally hard while most stocks go nowhere. If advances aren’t clearly outnumbering declines (and ideally across several sectors), it’s usually just the usual giants moving.

@iamtennygee This reduces SEPLAT oil output.

While I get the financial engineering (reduction in debt, dividend payout etc), this not a good idea for the company's long term prospects IMHO

Our August earnings coverage begins.

These are the expected reporting dates for the NGX-listed companies currently covered by the Apex Invest Research Desk.

Each release will be followed by our independent analysis highlighting what matters most for investors. https://t.co/bJcGIRjMJi

A ₦30 Trillion Giant Awakens: Unlocking Nigeria’s Livestock Potential

Nigeria’s livestock sector is valued at approximately ₦30 trillion but contributes less than three percent to national GDP, according to the article. It highlights the sector’s underperformance and development potential, providing broader context for investors tracking agriculture-related activity and listed companies.

IMF says governments are squeezing savers as debt piles up

The IMF says financial repression has risen to its highest levels in decades as heavily indebted governments face fewer policy options. The report highlights increasing pressure on savers, a development relevant to Nigerian investors because changes in interest rates, savings incentives and liquidity can influence equities and financial-sector conditions.

@TomolaGroup In a market this concentrated, what do you think investors should watch alongside the NGX All-Share Index to understand whether the rally is genuinely broad-based: market breadth, trading volume, sector earnings or new listings?