Nigerian market news and social signals.
Market Snack archive11752 stories
GTCO Tops Proshare's FY2025 PBSI Ranking Ahead of Access Holdings and Zenith Bank; Wema Bank Debuts in Tier 1Nigeria's banks have completed the largest recapitalisation in the sector's modern history, N4.65trn raised across 33 institutions. But in Proshare's fifth edition Tier https://t.co/B4SKlpHStU
@NecheXTech Where's ABC Orjiako of Seplat energy?
Stanbic IBTC Bank has partnered with the Abia State government to support the growth of Micro, Small and Medium Enterprises. The collaboration was emphasized during the bank's regional business summit in Aba, aiming to foster an enabling environment for local businesses.
The Federal Government has inaugurated a sixteen-member ministerial advisory panel to deepen economic reforms. Led by the Minister of Finance and Coordinating Minister of the Economy, the committee is charged with providing strategic advice to support national fiscal and macroeconomic policy objectives.
Nigeria and three other African nations have agreed to deepen cooperation to enhance cocoa processing, improve farmer incomes, and retain more value within the continent. The agreement was reached during the Cocoa Value Addition Summit in Abuja to boost the domestic chocolate and cocoa value chain.
Seplat, Aradel, Oando, others to Bring Upstream Know-How to AEW in Cape Town - https://t.co/8bpxgxE9bl https://t.co/y3nmee3Nt6
@Mansaah_Musa Fear God NaaYou even added Seplat on this list😂
Nigeria lost about 3,100 gigawatt-hours of electricity generation potential in May 2026 due to persistent gas flaring by oil companies. This loss highlights challenges facing the Federal Government's target of achieving a gas-driven economy by 2030, amid conflicting volume figures from regulatory agencies.
Global oil prices surged 14 percent to nearly $85 per barrel following the collapse of a ceasefire between the United States and Iran. Brent crude climbed to $84.37 per barrel amid concerns over prolonged disruptions to global crude supplies.
🤡The other side of Equity Funds 🤡There’s a way to win and loose.An investment of 500,000 in stanbic Equity fund since 2006 is now worth 2.6 million naira, 18.8 years LATER.
STANBIC EQUITY FUND 2.6million
GTCO 15 million
VOO 52million
Okomu 60million
MMF 8million https://t.co/8rJujOV0bF
Nigeria's digital tax administration reform is accelerating as medium-sized and large corporate taxpayers integrate with the electronic invoicing framework. This compliance expansion, which took effect for medium companies on July 1, aims to reshape business transactions and tax compliance across major sectors including manufacturing and telecommunications.
👀 WATCHLIST into Thu-Fri: GEREGU (power reform beneficiary, H1 earnings pending) and SEPLAT (direct Brent $78.86/bbl leverage, record NUPRC output). Watch the ₦1,420 parallel naira level — a break higher pressures import-heavy consumer names.
🧵🇳🇬 NGX mid-week pulse: ASI eases to 241,749 pts (-0.85% WTD) as last week's +6.35% rally cools on profit-taking. Biggest story: bank recapitalization winners (Access, Zenith, GTCO) now leading a sector re-rating. Thread on NGX, naira & FTSE below 👇
The Nigerian Naira appreciated to N1,412 per US dollar in the parallel market, rising from N1,420 recorded on the preceding Monday. The change reflects current trends in the informal foreign exchange market.
@ProfitableMan1 The real story here isn't Seplat. It's that the account he forgot about probably outperformed every account he was actively checking and fiddling with. Doing nothing is underrated as an investment strategy.
Dangote Petroleum Refinery has replaced its naira-denominated pricing model for fuel sales with a dollar-based framework. This decision is expected to increase foreign exchange pressure within Nigeria's downstream petroleum sector by linking local fuel prices directly to exchange rate movements.
MTN Nigeria has expanded its investment in its nationwide youth engagement initiative, The Gathering 100, to Kano State. The program aims to support and bring together young innovators and entrepreneurs within the regional ecosystem.
Airtel Africa Plc has accelerated its share buyback program, purchasing nearly two million of its own shares over a brief period amid a rally in its stock price on the exchange.
BusinessDay’s Inflation Nowcast projects Nigeria’s headline inflation to remain stable near 15.9 percent in June, supported by a stable naira. This forecast reinforces expectations that the Central Bank of Nigeria’s Monetary Policy Committee will hold key interest rates steady during its upcoming meeting.
The Federal Government has pledged support for the Dangote Refinery while granting Shell an enhanced tax credit for the twenty-billion-dollar Aparo deepwater project. The initiative includes awarding five hundred and eighteen million dollars in contracts to indigenous companies to boost local content.
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