Nigerian market news and social signals.
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At N5.78trn, First Holdco Becomes Most Capitalised Banking Stock on NGX. Kayode Tokede The market capitalisation of First Holdco Plc closed for trading at N5.78 trillion yesterday to emerge as the most capitalised listed banking stock on the floor of the https://t.co/GeJ6RygPTF https://t.co/APPialO2tX
The Society of Petroleum Engineers Nigeria Council has called on the federal government and new oil and gas block awardees to effectively translate the newly awarded blocks into tangible economic opportunities for the country.
The Nigerian Navy is seeking judicial reforms to accelerate legal proceedings regarding crude oil theft, following recent interceptions and arrests involving stolen petroleum resources. This development has direct implications for security and operational conditions within the oil and gas sector.
Aliko Dangote plans to donate one-third of his wealth to charity under a succession arrangement, while the Dangote refinery has listed a bond on the Vienna market.
The federal government launched the state-level Liquefied Petroleum Gas cylinder distribution programme in Yenagoa, Bayelsa State, which included the free distribution of 3kg cylinders to households to promote cleaner energy use.
First Holdco Plc reached a market capitalisation of N5.78 trillion to emerge as the most capitalised listed banking stock on the floor of the Nigerian Exchange.
The National Assembly has commended the Securities and Exchange Commission for improving its fiscal sustainability through cost-cutting measures and enhanced revenue generation, according to a report by THISDAY.
Financial sector leaders indicate that the future evolution of financial inclusion will depend primarily on establishing trust within the financial ecosystem rather than merely extending service access.
Credit to the government declined marginally in June 2026, while lending to the private sector extended its recovery for a second consecutive month, reflecting a gradual rebalancing of financial sector lending activity.
The National Sugar Development Council has urged the government to implement reforms aimed at lowering production costs by providing cheaper power and single-digit loans. This policy push seeks to alleviate operational hurdles faced by manufacturers within the agricultural and consumer goods sectors.
Mutual Benefits Assurance Plc has partnered with Hallmark Health Services Limited, a subsidiary of Consolidated Hallmark Holdings Plc, to promote employee wellbeing through a retail initiative.
Nigeria has established a Value Added Tax modification committee tasked with balancing revenue generation targets with broader economic growth objectives. The committee must navigate several complex policy tests to reform the current tax structure while supporting macroeconomic stability.
Global crude oil prices fell below 84 dollars as renewed diplomatic efforts between the United States and Iran helped ease potential supply disruption fears. The development could influence market sentiment for energy equities and broader macroeconomic conditions on the Nigerian Exchange.
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EFInA has stated that the ongoing bank recapitalisation exercise in Nigeria must result in the delivery of cheaper, safer, and more accessible financial services to consumers across the country.
The National Agency for Food and Drug Administration and Control has reported ongoing unauthorized production of sachet alcohol and small PET bottles despite the nationwide prohibition. Regulatory enforcement in this sector affects consumer goods manufacturers operating within the Nigerian market.
MTN Nigeria has announced the commencement of the eighth edition of its annual mPulse Spelling Bee competition for primary and secondary school students across the country.
Nigeria's Federal Government exceeded its borrowing limit for 2024 with total new debt reaching N12.62tn. The increase was driven by persistent revenue shortfalls, raising concerns about fiscal stability, debt servicing obligations, and broader macroeconomic conditions influencing the domestic capital market.
The Nigerian Breweries Felix Ohiwerei Education Trust Fund has granted a secondary school scholarship to a student who served as a keynote speaker at an event. This initiative reflects the company's ongoing commitment to corporate social responsibility and community development within the education sector.
Industry stakeholders recently convened in Lagos to address critical energy and security challenges affecting urban development across African cities, highlighting structured funding and power improvements as vital growth accelerators.
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