Nigerian market news and social signals.
Market Snack archive11750 stories
Daily Market Update – July 16th, 2026The Nigerian Exchange (NGX) experienced a slight pullback for the second consecutive session yesterday as profit-taking pushed the All-Share Index down by 0.09% to 242.61 points.Despite the dip, market activity remains robust:✅
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination to harmonise virtual asset regulations in Nigeria. The directive aims to foster collaboration among financial and capital market agencies, curb fraudulent activities, and secure the financial ecosystem while supporting responsible digital innovation.
Proposed banking reforms by the Central Bank of Nigeria are driving Zenith Bank, United Bank for Africa, and Fidelity Bank to restructure into holding companies. This shift aligns them with other major lenders already operating under holding company structures to comply with regulatory demands.
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026. This directive establishes a CBN-led council to coordinate the regulation of virtual assets across Nigerian government agencies, aiming to curb fraud and foster digital economy innovation.
@BuaFoods 5th AGM@asr_rabiu @BUAgroup to the world.I love @asr_rabiu ❤️❤️❤️ https://t.co/Quopu4KV4h
@BuaFoods @BUAgroup to the world @asr_rabiu ♥️♥️♥️
@IamEkene_ Airtel and MTNN have been coming through for most part really. I can count the number of times l had to go somewhere else for internet. Solar, hell yeah!
@bigmooreX Reasons clear to you may not be clear to meBesides is its balance sheet cleaner than GTCO or ZENITH?
Coronation Infrastructure Fund has declared a semi-annual dividend distribution of N8.985 per unit for the half-year ended June 30, 2026. The total payout amounts to approximately N789.78 million for the 87.9 million outstanding units of the fund.
Nigeria's pension assets increased by 51 percent over two years to reach ₦31.48 trillion, driven by a growing contributor base of 11.32 million. This expansion strengthens the pension industry's capacity as a primary source of long-term capital for the domestic financial markets.
Dangote Petroleum Refinery is reportedly close to completing a $2.5 billion private placement, which values the firm at approximately $40 billion. The transaction, involving a six percent stake acquisition by investors, precedes the company's anticipated public listing.
Dangote Petroleum Refinery has secured $2.5 billion through a private share placement, valuing the company at about $40 billion ahead of its planned public listing on the Nigerian Exchange.The refinery, which currently processes 650,000 barrels of crude per day, plans to expand https://t.co/ogl3879SLz
Access Holdings recorded the largest increase in Tier 1 capital across Africa, leading a strong performance by Nigerian lenders in the latest ranking by The Banker. The growth highlights the impact of the financial institution's pan-African expansion strategy.
Aradel Holdings Plc has received dual honours at the 2026 NOG Energy Awards, winning the Energy Excellence Award. Additionally, the company's Managing Director and Chief Executive Officer, Adegbite Falade, was honoured with the H E Dr Alirio Parra Lifetime Achievement Award.
The Dangote Petroleum Refinery has maintained its domestic petrol prices despite rising international product prices and shipping costs. This decision strengthens the refinery's competitive position in the Nigerian market, presenting tighter margins for local fuel importers who rely on external shipments.
Abdulsamad Rabiu's BUA Foods approved a record $363 million dividend and unveiled an expansion plan the billionaire says will make it Nigeria's largest food manufacturer by next year.https://t.co/s5yeTIDan4#AbdulSamadRabiu #BUAFoods #Nigeria https://t.co/u4hWKQ3YSM
The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker, a digital portal designed to monitor Bureau De Change transactions in real time. This initiative aims to prevent foreign currency sourced from official channels from being diverted into unauthorized markets.
@Owelle_Ikemba @MaduagwuNzubec1 The project is an NNPC/Seplat JV ooo not directly from FG, we will take it shaa 🤣🤣But learn to demand for more as a proud Imolite, state affairs should always come first above any other thing.
@ZenithBank What’s wrong with you guys, can’t access my app since morning
@mumaijay But it has been working for long, i have never hard any issues with my zenith and uba master cards on it
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