Nigerian market news and social signals.
Market Snack archive11621 stories
The House of Representatives Committee on Public Assets has urged the Niger Delta Power Holding Company to complete the Ikot Ekpene-Ikot Abasi transmission line project. The committee highlighted the project as critical for improving electricity supply and supporting broader economic development.
Dangote Cement reported a 34 percent increase in profit for the first half of 2026, driven by strong operational performance in the domestic market, effective cost management, and a reduced debt profile.
The federal government has initiated efforts to attract foreign investment from Japanese partners to support a nationwide social housing programme aimed at delivering affordable homes across the country's local government areas.
Nigeria's cocoa value chain requires significant improvements in farm renewals, credit access, processor supplies, and supply chain compliance to enhance agricultural productivity and stakeholder returns.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is advocating for the establishment of a regional fuel pricing and trading hub. This initiative emphasizes increased investment in infrastructure, logistics, and market transparency to enhance regional competitiveness and pricing benchmarks for petroleum products.
NGX MARKET UPDATE (29 July 2026)Insurance Sector Leads Recovery Phase!Despite widespread profit-taking pulling the All-Share Index down by 0.41% (to 246,980.17 pts), the market saw interesting movements across sectors:The Star Player: Insurance Sector surged +2.69%, led
Honeywell Flour Mills Plc reported a significant increase in its financial performance for the first quarter of 2026. The company posted higher revenue and profitability compared to the figures recorded during the same period in the previous year, according to its unaudited financial statements.
Government fiscal savings generated from foreign exchange and petrol subsidy reforms were offset by higher financial obligations, including increased public sector wages and debt servicing costs, according to the finance ministry.
BUA Foods Plc recorded its highest half-year profit in five years, driven by effective cost discipline. The company maintained its position as Nigeria's largest food and fast-moving consumer goods firm by market capitalization during the period.
Eterna Plc announced its financial results for the half-year ending June 30, 2026, reporting a profit of N5.88 billion alongside a 37.8 percent increase in revenue to reach N217.31 billion, driven by improved margins and operating performance.
Market close 🔔ASI: 245,386.0 (-0.65%)
Market cap: 159.3T
YTD: +56.57%
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The Federal Competition and Consumer Protection Commission and the Nigerian Electricity Regulatory Commission are collaborating to establish a unified consumer protection framework in the power sector. This initiative aims to safeguard consumers and enhance investment appeal within the electricity industry.
The Federal Government has invited foreign investment and partnership to support a newly unveiled social housing programme spanning all local government areas across the country.
The Nigerian Senate has initiated a twenty-three-day probe into the national oil sector audit, issuing summons to key entities including the Nigerian National Petroleum Company Limited and the Central Bank of Nigeria. Chief accounting officers and technical personnel are expected to appear before the committee to address matters arising from the audit reports.
@instablog9ja @okonmahfaith I’ve come to understand that this Daddy Freeze of a man is actually unintelligent. DSTV is now owned by a French company, Canal+, also MTN Nigeria is a separate Nigerian-incorporated company, listed on the NGX and MTN SA as its parent company
Vitafoam Nigeria reported a 7.5 percent increase in group revenue to N91.21 billion for the nine months ended June 30, 2026, driven by improved operating efficiency and lower finance costs.
MeCure Plc has ended its co-CEO leadership structure with the appointment of a new chief executive officer and an executive director. The company stated that these leadership changes are intended to strengthen its competitive position, support sustainable growth, and enhance long-term value for shareholders.
Trying to time the exact bottom of the NGX market is a fast way to lose sleep and miss out on long-term wealthThe smartest investors are not market timers, they are system buildersIf you want to build a serious stock portfolio over the next 3 to 5 years, here is the
Government officials emphasize that the objective to achieve a one trillion dollar economy by 2030 is a firm economic target rather than a mere slogan. Stabilization efforts are shifting towards driving investment, boosting productivity, and enhancing overall economic standards across the country.
Seplat Energy recorded a substantial surge in its half-year profit and announced special dividends. Following the earnings release, the company shares experienced positive trading movement on the Nigerian Exchange.
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