Nigerian market news and social signals.
Market Snack archive11004 stories
I'm fighting with myself over one decision:GTCO or Zenith Bank for the long term? 🇳🇬I want to hold just ONE Nigerian bank stock.Not because the other is a bad business, but because I want to be deliberate about where my capital goes.Here's what I'm weighing:
📊 Earnings
@EmmansonJr @adeyanjudeji The Dangote Refinery IPO (Africa’s biggest, ~₦2.15tn / $1.6bn at ₦525/share) was due to close today but got extended to 27 Oct. Official reason: very strong demand (Dangote says 3-4x the target already) so more Africans can join via extra channels and depository receipts.
STATART INSIGHTS & ANALYTICS
Nigeria Financial Markets | Daily Snapshot
Tuesday, 13 October 2026
Market session: Monday, 12 October 2026NGX Market Close
All-Share Index: 247,736.24 | −0.25%
Equity market capitalization: ₦160.85 trillion
The IMF projects Nigeria’s economy to grow by 4.2% in 2026, up from 4% in 2025. The projection places Nigeria 23rd among sub-Saharan African economies, with growth in the middle of the pack compared with regional peers.
Dangote Petroleum Refinery and Petrochemicals reported N6.29 trillion in profit over nine months as it operated at full capacity. Revenue more than doubled to N29.96 trillion, according to the report.
eTranzact International Plc notified Nigerian Exchange Limited and the investing public of changes to its Board of Directors following completion of a shareholding transaction that changed the company’s majority ownership structure.
Headlines+
Daily Shot, 12/10/2026We have waived N3.3tr fuel taxes, duties, says Tinubu150 days after abduction: Borno parents shelve Abuja protest over logistics25 women for governor, 94 for running mateNigeria’s economy to grow at 4.3 % in 2026 — World BankNigeria
Sunbeth Global Concepts plans to issue up to ₦150 billion in commercial paper under its ₦500 billion programme to fund working capital and cocoa purchases for the 2026/27 season. The proceeds are intended to support procurement at origin and the company’s international trading commitments.
NIBSS has adopted Transactility’s jPOS technology to develop the National Payment Stack, a next-generation instant payments platform intended to support Nigeria’s payments ecosystem.
The brief reports that 12 of 17 major African currencies weakened against the US dollar in September and highlights contrasting financial trends, including larger bank bets. The provided text does not identify specific Nigerian listed companies or quantify effects on the Nigerian market.
NGX, DANGOTE IPO, IMF & WALL STREET: WHAT SHOULD INVESTORS BE WATCHING?Are investors confusing rising share prices with rising business value?Here are the market developments investors should understand on October 13, 2026. 🧵🇳🇬 1. NGX: A ₦407.3bn setbackThe Nigerian
NGX, DANGOTE IPO, IMF & WALL STREET: WHAT SHOULD INVESTORS BE WATCHING?Are investors confusing rising share prices with rising business value?Here are the market developments investors should understand on October 13, 2026. 🧵🇳🇬 1. NGX: A ₦407.3bn setbackThe Nigerian
🚨 NGX: THE BULLS ARE RUNNING, BUT SOME STOCKS ARE SLIDING!🟢 UPTREND: LIVESTOCK (+9.69%) leads with a fresh 52-week high and 7× average volume. CUTIX is also on a 3-day uptrend.🔴 DOWNTRENDS: ACCESSCORP (-0.18%) and JAIZBANK (-0.65%) are on 3-day losing streaks.🔄 https://t.co/LnstWraqQt
eTranzact International Plc reshaped its board following Trademarks Global Concepts Limited’s acquisition of a controlling 56.18% stake in the company.
LIVE UPDATE - 13 Oct 12:37 pm1. FIRSTHOLDCO
Open ₦140 → Now *₦145* (+3.57%) BULLISH
2. GTCO - SMALL DIP
₦129.00 -0.77% (-₦100)
3. ZENITHBANK
₦128.50 -0.39% (-₦58.50)
4. STANBIC - 💚
₦168.00 *+3.07%* (+₦
#WitstelStock #NGX #LiveUpdate #NigeriaStock https://t.co/TyLO0eZhY6
@blackshagamu @abulesowolagos @lostinlagoss @Officially_Kriz Nairametrics/NBS: Oil refining +43.94% YoY Q2 2026 on Dangote (700k bpd), petrol imports -96% to N87bn Q1. Agric +4.39% Q2. FDI $4.01bn 2025 (+148%, BusinessDay/UNCTAD), Africa top 5. States infra N6.17tn 2025, capital exp +151% real. GDP 4.43% Q2, NESG business activity record
In H1 2026 UACN revenue rose 231% to ₦364.97 billion, driven by the Packaged Food & Beverages segment (84% of total revenue) following the C.H.I. Limited acquisition.Gross profit jumped 270% to ₦104.5 billion, with gross margin expanding to 28.65%.Operating (EBIT) margin https://t.co/Wb3BYXmCuw
The Central Bank of Nigeria reduced the Monetary Policy Rate by 350 basis points, from 26.5% to 23%, on September 22, 2026. The article discusses the rate cut and the need for discipline in monetary easing.
The Nigerian market is up 59.6% this year. Wall Street is hitting records. So why is "just buy everything" the worst advice right now?
Two markets. Two different risks. Let's look before we leap.
🇳🇬 Nigeria (NGX)
The All-Share Index closed last week at 248,363.55, with market cap
The Nigerian market is up 59.6% this year. Wall Street is hitting records. So why is "just buy everything" the worst advice right now?
Two markets. Two different risks. Let's look before we leap.
🇳🇬 Nigeria (NGX)
The All-Share Index closed last week at 248,363.55, with market cap
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