The Market Pulse

The Nigerian equities market closed lower on Monday, Oct 12, 2026, as profit-taking in banking and oil and gas stocks dragged the NGX All-Share Index (ASI) down 0.25% to 247,736.24 points. Market cap fell by N407.30 billion to N160.85 T, while the YTD return eased to 59.20%.

World Bank targets $5.79bn in private capital for Nigeria in 2026

The World Bank Group is helping mobilise up to $5.79 billion in private financing for Nigeria in fiscal year 2026. The report does not identify specific listed companies or sectors expected to receive the financing.

Dangote Refinery heads to Appeal Court over ‘continual fuel import licences’ judgement

Dangote Petroleum Refinery Petrochemicals FZE has asked the Abuja Court of Appeal for permission to challenge a Federal High Court judgment requiring the NMDPRA to continue issuing petroleum product import licences to Matrix Energy, AA Rano and AYM Shafa.

🇳🇬 NGX INVESTORS: THE HEADLINES MATTER. BUT WHAT DO THEY MEAN FOR YOUR STOCKS?

The Nigerian stock market is more than daily price movements. Corporate announcements, price adjustments, board appointments and market breadth can all influence investment decisions.

📊 3

🇳🇬 NGX INVESTORS: THE HEADLINES MATTER. BUT WHAT DO THEY MEAN FOR YOUR STOCKS?

The Nigerian stock market is more than daily price movements. Corporate announcements, price adjustments, board appointments and market breadth can all influence investment decisions.

📊 3

🇳🇬 NGX MARKET UPDATE | MONDAY, OCTOBER 12, 2026

₦791.67 BILLION WIPED OFF THE NGX. WHAT SHOULD INVESTORS WATCH NEXT?

The Nigerian stock market opened the week in the red as selling pressure hit banking stocks and other mid-cap and blue-chip equities.

📉 TODAY’S MARKET

🇳🇬 NGX MARKET UPDATE | MONDAY, OCTOBER 12, 2026

₦791.67 BILLION WIPED OFF THE NGX. WHAT SHOULD INVESTORS WATCH NEXT?

The Nigerian stock market opened the week in the red as selling pressure hit banking stocks and other mid-cap and blue-chip equities.

📉 TODAY’S MARKET

Honestly, they three tend to move in the same direction

Based of PE, Dangcem is around 15x, HBMNG around 16x, BUACEM around 18x (based off the fact that you can get orders filled at N275 rn)

So they are pretty similar

You may favour HBMNG if you think the Chinese will be more https://t.co/BKscTx6WaV

Banks I use…

1. First Bank
2. GT Bank
3. UBA
4.Opay
5. Stanbic
6. Palmpay https://t.co/EmUn3dpawn

Dangote Refinery IPO update

The Dangote Petroleum Refinery IPO is not officially closed today. The published timetable shows 13 October 2026 as the closing date.

Reuters also reported today that the offer may be extended by another 10 days to give more investors across Africa https://t.co/iwirEgE3mN

First, you turn the idea into income. Next, you build an empire that lasts!

Richmond Aboagye, Manager of Ecosystem and Sustainability, Business and Commercial Banking at Stanbic Bank, took the stage at the Stanbic Business Incubator to drop major gems on sustainable growth.

He https://t.co/QCZmyj8mza

𝗭𝗘𝗡𝗜𝗧𝗛 𝗕𝗔𝗡𝗞 𝗥𝗘𝗣𝗢𝗥𝗧𝗦 ₦𝟰𝟯𝟬.𝟴𝗕𝗡 𝗣𝗥𝗢𝗙𝗜𝗧 𝗔𝗙𝗧𝗘𝗥 𝗧𝗔𝗫 𝗜𝗡 𝗛𝟭 𝟮𝟬𝟮𝟲

Zenith Bank Plc reported ₦430.76bn in profit after tax (PAT) for the half-year ended June 30, 2026, down 19.1% from the same period last year.

But there is more to this

@ThatJuDaH From the replies and quotes, GTCO and Aradel were the most common picks for number 2 (roughly tied with several mentions each). Dangote Cement came up a couple times as another option. Tip was suggested once.

𝗔𝗫𝗔 𝗠𝗔𝗡𝗦𝗔𝗥𝗗 𝗦𝗛𝗔𝗥𝗘𝗛𝗢𝗟𝗗𝗘𝗥𝗦 𝗔𝗣𝗣𝗥𝗢𝗩𝗘 ₦𝟭𝟴.𝟯𝗕𝗡 𝗥𝗜𝗚𝗛𝗧𝗦 𝗜𝗦𝗦𝗨𝗘

AXA Mansard Insurance Plc shareholders have approved a proposed rights issue of up to ₦18.3 billion at the company's 34th Annual General Meeting held on Friday, October 9, 2026.

“As they list abroad, they should also list in our country.”

NGX Group CEO Temi Popoola advocates for supportive environment to encourage local listings of fintechs like OPay and PalmPay.

August 2026. https://t.co/i9QTHgWGpC https://t.co/OBj2Nanxrk

@FinePopo First bank
Fcmb
Opay

BREAKING: Dangote Refinery extends IPO subscription deadline to October 27

Dangote Petroleum Refinery and Petrochemicals FZE has extended its IPO subscription period by two weeks, to October 27, 2026, after receiving SEC approval. The offer opened on September 14 and was originally scheduled to close on October 13.

Investment Insights: Stocks Outperforming the ASI at Comparable Risk
These stocks have outperformed the NGX All-Share Index (ASI) year to date while carrying risk levels broadly comparable to the market. Risk is measured by beta, which indicates how sensitive a stock’s price https://t.co/MpccP6W2nL

NGX: BEAR Signal - Price crossed below 15 Day MA

This signal suggests that these stocks are under selling pressure and may continue to decline, so their performance should be monitored closely. Further analysis should consider the broader market and relevant sectors to determine https://t.co/4WiwbvcyDs

NGX: Bull Signal - Price crossed above 15 Day MA

This signal suggests that the stocks are facing buying pressure and may continue to rise, so their performance should be monitored closely. Further analysis should consider the broader market and relevant sectors to determine https://t.co/JITCqeDHPd