Nigerian market news and social signals.
Market Snack archive11650 stories
Market close 🔔ASI:246,980.2 (-0.41%)
Market cap: 159.3T
YTD: +57.58%
Date: 29 July, 2026.The banking sector dragged down the NGX-ASI wetin no good today 🤦🏻♂️Check out this NGX Fair value report this evening- Will you? A detailed report this one 🤓👇
@iamwalebanks It’s hard to pick between Gtco and Zenith
How best do I make that decision as they’re both quality
🔥 NGX Most Traded — Wed, Jul 29, 2026 4:32 PMFIRSTHOLDCO ₦5.59B (-3.94%)
ZENITHBANK ₦3.41B (-2.21%)
HBMNG ₦3.21B (-3.80%)
GTCO ₦2.48B (-2.36%)
TRANSCORP ₦1.08B (+2.82%)#NGX #NigeriaStockshttps://t.co/qvcViJnH0Y
📉 NGX Top Losers — Wed, Jul 29, 2026 4:31 PMLEGENDINT -10.00%
CORNERST -10.00%
TIP -9.91%
GUINEAINS -9.78%
ABCTRANS -9.45%#NGX #NigeriaStockshttps://t.co/qvcViJnH0Y
NGX Takes a Breather 🇳🇬The local bourse paused its upward run:
• ASI: 🔻 -0.23% to 247,402.46 bps
• Market Cap: ₦159.62T (-₦375.5B)
• Volume: 242.6M shares traded worth ₦7.32B
📈 NGX Top Gainers — Wed, Jul 29, 2026 4:30 PMLASACO +10.00%
CNIF +9.98%
NEM +9.97%
SUNUASSUR +9.83%
VFDGROUP +7.86%#NGX #NigeriaStockshttps://t.co/qvcViJnH0Y
Sentiments took a hit following reports from NGX Regulation Limited (NGX RegCo) hitting 12 listed firms with heavy financial sanctions totaling over ₦287 million due to delayed audited and interim financial filings.
Firms like Cornerstone Insurance, Mutual Benefits Assurance https://t.co/6NCIU9QmGa
Sterling Financial Holdings Company Plc reported a twenty percent increase in half-year profit after tax, reaching fifty point three billion naira despite rising loan losses during the period.
Presco Plc released its financial results for the half-year ended June, reporting pre-tax profit growth to N122.2 billion and announcing an interim dividend of N11.6 billion.
Central Bank of Nigeria data indicates that currency in circulation reached 5.73 trillion naira alongside aggregate foreign exchange inflows of 109.86 billion dollars for the year 2025.
If you owned NGX Group shares before April 10, you just got richer without investing another naira 💃🏻💃🏻NGX Group has allotted 1 bonus share for every 3 shares held as of April 10, 2026.This is one of the many benefits of owning quality companies for the long term. Beyond
𝟐 𝐃𝐚𝐲𝐬 𝐓𝐨 𝐆𝐨!We’re two days away from listing on the Nigerian Exchange, a milestone that reflects our commitment to creating long-term value.#AVACapitalPlcOnNGX #BuildingEnduringValue #2DaysToGo #NGX #CapitalMarket https://t.co/Ak9bA7cCFA
Nigeria's economic target emphasizes the commercial opportunity presented by the rising incomes of a large population rather than a concentrated group of wealthy consumers, highlighting potential long-term implications for business growth and market demand.
AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited by way of Listing by Introduction on Friday.https://t.co/V4jc98G4kr https://t.co/gfX0JTv2sa
So far, most of the results released by NGX-listed companies have been underwhelming
Escalating geopolitical tensions between the United States and Iran are projected to drive global crude oil prices higher following threats of military retaliation.
Nigerian banks have advanced significantly in localising their payment transaction data ahead of the central bank's upcoming regulatory deadline. This progress highlights the readiness of traditional financial institutions compared to other sectors operating within the domestic financial services ecosystem.
‼️FINANCIAL INSIGHT:
The Nigerian Exchange Group (NGX) H1 2026 Financials: Key highlights: (H1 2026 vs. H1 2025)1. Revenue: N17.60 billion, up 118% year-on-year2. Total Income: N19.34 billion, up 96% year-on-year3. Profit Before Tax: N14.76 billion, up 170% year-on-year4. https://t.co/o3zqnLkOwy
Chinese-backed fintech companies OPay and PalmPay have collectively amassed approximately 85 million users in Nigeria, significantly transforming the retail banking landscape and intensifying competition within Africa's largest banking market.
@allystepph @wemabank What's going on with them? Have they responded yet?
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