The Market Pulse

Banks ready, fintechs lag as Nigeria’s 2027 data localisation deadline nears

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-year

2. Total Income: N19.34 billion, up 96% year-on-year

3. Profit Before Tax: N14.76 billion, up 170% year-on-year

4. https://t.co/o3zqnLkOwy

How Chinese-Backed fintechs captured 85m customers in Africa’s biggest banking market

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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In 2008, some Nigerians went to work in Ghana and return the same day. Flight ticket was 15k from Lagos to Accra. UBA, Access Bank, GTB were establishing back then in Ghana, so majority of morning passengers were repeat in the evening flights.

We’re all waiting for GTCO and ZENITHBANK report yeah? 😁

@dammiedammie35 This once no even know the suffer for their country of origin and all the wealth he acquired is from we citizens of Nigeria like the UBA and transcop Hilton hotel we Nigeria are his customers but at the end of the day na aboard them dey spend the money and live there, God help us

Trust is cracking in Nigeria’s N1.07 quadrillion payment system

Nigeria's digital payment ecosystem continues to process massive annual transaction volumes exceeding one quadrillion naira, though maintaining public confidence and trust in electronic infrastructure remains a key challenge for financial institutions operating within the sector.

.@wemabank Declares N131.37bn PAT in H1 2026 Unaudited Results; (SP: N31.65)

Key Highlights in H1 2026
• Interest Income increased by 42.69% to N342.64bn from N240.12bn
• Profit before tax stood at N154.56bn
• Profit after tax stood at N131.37bn
• Share price currently

@channelstv @ stanbic IBTC money market fund, pay my money.SOS! !! !!!
My redemption of #500000 that was paid into the account of Olanrewaju Abiodun Michael instead of Olanrewaju Abiodun Samuel which I was told has been reverse is yet to reflect in my money market fund.

#PRESCO just printed a orca watch
🔴 Action: SELL
💰 ₦181.2M traded
📦 97.3K shares @ ₦1,863
⏰ 15:13 WAT
🔗 https://t.co/cFVHdSWDuD #NGX

Banking woke up today and chose violence !!

#NGX

Illustration 3: Long-term compounding

Imagine a company like GTCO or Zenith Bank raises capital through a rights issue to expand operations.
If that capital generates higher profits over the next decade:
Earnings grow.
Dividends increase.
Share value appreciates.

Shareholders

@MudiTheInvestor The whole premium board is red except for Accesscorp as at the time of posting this.

@Hayespappy01 Hmmmm, I see 190 for my UBA😏

Insurance Sector Sparks NGX Recovery as Investors Gain ₦481 Billion
https://t.co/kEyUfTGY1E https://t.co/6KZJTl3RHP

Patience beats "smart" trading for most Nigerian retail investors. Not a motivational quote, an actual fact about how this plays out.

Someone who bought GTCO 3 years ago and never touched it has likely done better than someone actively trading in and out of 10 different stocks

HBM Nigeria Plc (formerly Lafarge Africa Plc) has announced an interim dividend for the half-year ended 30 June 2026.

Key details:

Interim dividend: ₦16.00 per ordinary share
Qualification date (record date): Wednesday, 12 August 2026
Register closure: Thursday, 13 August –

Presco’s pre-tax profit hits N122.2 billion in H1 2026

Presco Plc released its unaudited financial statement for the first half of 2026, reporting a profit before tax of N122.2 billion for the period ended June 30, 2026.