The Market Pulse

@Mansaah_Musa That’s my way too oo but I’m not just stable about it. Gtco rally felt like it would later crash to me then

@NaijaFlyingDr and his new baby SEPLAT

Nigeria’s consumer credit falls to N3.8 trillion, first decline in six years

Central Bank of Nigeria data reveals consumer credit outstanding fell by 19.89% to N3.78 trillion in 2025 from N4.72 trillion in the previous period. This marks the first annual decline recorded since December 2019, reflecting shifting monetary conditions and credit availability in the domestic economy.

💹 NGX Equities Snapshot – July 28, 2026

All-Share Index - 247,984.55 (+0.30%)
Value Traded - N36.40 Billion
Market Deals - 55,348
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Advancers/Decliners - 36 to 27
Unchanged - 83
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Volume of Shares Traded - 676,884,378
Total Equity Market Cap - N159.99 Trillion

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AVA Capital to List on NGX on Friday. AVA Capital Plc, an integrated financial services group spanning investment banking, asset management, securities trading and trusteeship, will be admitted to the Nigerian Exchange (NGX) by way of listing by https://t.co/GLKXFJoS00 https://t.co/kXaHgD7rid

Brent Oil Climbs Above $87 on Escalating Geopolitical Risks

Global oil prices increased significantly, with Brent crude moving above $87 per barrel driven by geopolitical tensions in the Middle East and a larger-than-expected decline in United States crude inventories.

AVA Capital to List on NGX on Friday

AVA Capital Plc, an integrated financial services group, is scheduled to be admitted to the Nigerian Exchange via a listing by introduction. The firm operates across investment banking, asset management, securities trading, and trusteeship.

FG approves ₦46 billion for Kano airport runway rehabilitation

The Federal Government has approved forty-six billion naira for the rehabilitation of the Kano airport runway and terminal upgrades to enhance operational efficiency and passenger safety.

@_aaadedapo Why aren't the likes of them listing and what can the NGX do to attract these kinds of companies? We're currently considering issuing some commercial papers as well and feel like the next natural step over time would be to list. But if nobody is doing it, it must mean something

CAP Grows H1 Profit by 16% as Revenue Climbs to N22.41 Billion

Chemical and Allied Products Plc reported revenue of N22.41 billion and a 16 percent increase in first half profit, driven by higher sales, cost management, and retail expansion.

Board meetings today on the Nigerian Stock Market 📋

https://t.co/x6m0QdQLRX

Companies considering/approving Q2 & H1 2026 unaudited financials:
MTNN • DANGCEM • ZENITHBANK (interim dividend) • NESTLE • SEPLAT • BUAFOODS • NAHCO • CUSTODIAN + others

#nigeria https://t.co/oOiWwBjQ5d

AMCON assets decline 29.8% to N1.29 trillion as wind-down efforts continue

Asset Management Corporation of Nigeria reported a decline in total assets to N1.29 trillion as ongoing wind-down operations and banking sector bailout obligations continue.

“Court Voids Reps’ ₦72.624bn Compensation Order Against Seplat” — Holds National Assembly Cannot Award Damages https://t.co/96e6YgW4Ua via @Nigerialawyers

Atiku slams Tinubu over borrowing

Political debate surrounds the federal administration exceeding borrowing limits by nearly five trillion naira, with critics citing fiscal concerns. Macroeconomic policy and debt management directly influence sovereign risk profiles, interest rate environments, and broad market sentiment across listed equities on the Nigerian Exchange.

Federal High Court Lagos Voids N72.6bn Compensation Order Against Seplat, Declares House of Reps Directive Unconstitutional https://t.co/n5eVPMNwUu

Africa’s Top Policymakers Meet In Abuja To Tackle Global Economic Uncertainty

Top African policymakers and finance experts gathered in Abuja to discuss strategies for building resilience amidst ongoing geoeconomic uncertainties and volatilities affecting global and domestic markets.

Before buying any NGX 🇳🇬 stock, ask yourself five questions:

✓ Is revenue growing?
✓ Are profits growing?
✓ Is debt under control?
✓ Does it generate strong cash flow?
✓ Does management allocate capital wisely?

The companies that repeatedly tick these boxes such as GTCO

Atiku Slams Tinubu Over ₦12.62trn Debt, Says Government Has Lost Financial Control

Reports indicate that the federal government exceeded its approved 2024 borrowing limit by significant margins, sparking concerns over fiscal management and government financial control among political figures.

Some NGX 🇳🇬 companies have quietly created enormous shareholder value by doing the basics exceptionally well.

Think businesses with:
• Growing earnings
• Healthy balance sheets
• Strong cash generation
• Consistent dividends
• Competitive advantages

Names worth studying

Investment income boosts Regency Alliance Q1 profit to N617.5m

Regency Alliance Insurance Plc reported a year-on-year increase in its first-quarter profit, driven largely by higher investment income. This financial update highlights the company's recent earnings performance within the insurance sector on the local bourse.