Nigerian market news and social signals.
Market Snack archive11750 stories
Nigeria has assumed the chairmanship of the African Telecommunications Union following the conclusion of its conference in Abuja. The event brought together delegates to discuss regional connectivity and elect new leadership, marking a significant development for the telecommunications sector in Africa.
Nigeria's Minister of Solid Minerals Development has urged African nations to take greater control of mineral resources through local value addition and regional cooperation. Speaking at a ministerial forum, the official emphasized the need for homegrown resource assessment systems to unlock broader economic benefits across the continent.
SERAP has initiated legal action against the Nigerian National Petroleum Company over alleged discrepancies and failure to account for N211 trillion in its 2023 audited financial statements. The lawsuit challenges the transparency of entries recorded as sundry receivables and accrued expenses within the state-owned oil firm's accounts.
The Dangote Group explained the rationale behind selecting the London Stock Exchange over Dubai for its cement business listing, citing faster share sales and less tedious regulatory rules as key factors in the decision.
Nigeria and the African Development Bank have renewed calls for African nations to gain greater control over mineral resources through local value addition initiatives. The push aims to enhance domestic economic benefits and industrialization across the continent.
Former Vice President Atiku Abubakar has criticized the federal administration regarding an alleged N7.98 trillion oil windfall. The discourse centers on government revenues and fiscal transparency, which hold broader implications for the Nigerian macroeconomy and resource-dependent sectors.
Key economic leaders including the Central Bank Governor and World Trade Organisation Director General are scheduled to discuss macroeconomic stability, reforms, and growth acceleration, providing critical insights relevant to market participants and Nigerian equities investors.
Oando Energy Resources held discussions with the Minister of Power regarding the performance and impact of its Okpai power facility. The meeting highlighted the plant's contribution to national electricity supply and reaffirmed the company's commitment to supporting gas-led economic growth within the energy sector.
Industry experts express differing views regarding the federal government's tax credit policy for Shell's Bonga project. One analyst defends the concession as a necessary catalyst for major investments, while another criticizes it as overly favorable to operators, sparking debate on the economic implications for Nigeria's energy sector.
Nigerian Exchange Group Plc announced its financial results for the first half of the year, reporting significant increases in revenue and profit before tax alongside an interim dividend declaration of ₦1.30 per ordinary share.
CNIF topped the gainers Friday
+10% to ₦127.60
CILEASING +9.48% CORNERST +9.09%
PRESCO led the losers, -10% to ₦2,070
Breadth still positive: 35 up, 28 down.ACCESSCORP moved the most volume 128 million shares
Total market volume: 614.5 million shares Value traded: https://t.co/zQdohhp122
NGX closed Friday at 247,357.40 Down 0.19% for the day but still up almost 59% year to date.
Market cap sitting at ₦159.6 trillion. Domestic investors still dominating the volume.
Just the numbers.
NGX group made 7.553 billion from transaction fees in Q2 2026 compared to 2.957 billion in 2025(+155.43%)1.647 billion from listing fees in Q2 2026 compared to 829 million in 2025 (+98.67)That of Q3 will be better owing to more participation as a result of Dangote refinery
@ThatJuDaH @Super_Powers_AI Hey Super, build a high-utility financial tool and interactive comparative explorer called the NASD OTC vs NGX Securities Map & Valuation Analyzer.This application resolves a common market gap in African frontier equities: identifying major commercial
@ThatJuDaH Ngx group holds highest percentage in my portfolio.
Very bullish on this stock
NGXGROUP H1 2026 impressive result.Revenue nearly doubled in H1 2026 against H1 2025 which was driven by transaction fees moving from #4.9billion to #13.3billion in 2026.Operating profit more than double in H1 2026 and the finance cost disappeared completely from income https://t.co/KpqAGh0t5t
Top 10 Banking Stocks by Market Cap📊FIRSTHOLDCO
Share Price: ₦120.5
Market Cap: ₦5.48 TrillionZENITHBANK
Share Price: ₦126.5
Market Cap: ₦5.20 TrillionGTCO
Share Price: ₦132.0
Market Cap: ₦4.82 TrillionSTANBIC
Share Price: ₦163.0
Market Cap: ₦2.59 TrillionUBA https://t.co/wAnBUOhiBR
Nigeria is not expected to face a major economic downturn from the United States implementation of a 12.5 percent tariff. Key exports including crude oil and liquefied natural gas remain exempt from these trade measures, cushioning potential macro shocks.
The Central Bank of Nigeria announced plans to conduct a primary market auction targeting N700 billion in Nigerian Treasury Bills for the final auction of July.
Market reforms by the Central Bank of Nigeria have driven investor interest in banking equities, raising the combined market capitalisation of twelve listed deposit money banks, including GTCO and Zenith Bank, to 25.6 trillion Naira.
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