Nigerian market news and social signals.
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🇳🇬 NGX Weekly Market Update | Week Ended Friday, 10 July 2026The Nigerian stock market continued its strong momentum last week as investors maintained buying interest across key sectors, pushing major indices higher and creating fresh opportunities for long-term investors.The
🇳🇬 NGX Weekly Market Update | Week Ended Friday, 10 July 2026The Nigerian stock market continued its strong momentum last week as investors maintained buying interest across key sectors, pushing major indices higher and creating fresh opportunities for long-term investors.The
📊 Jaiz Bank Stock Update: Strong Momentum, But Valuation MattersJaiz Bank shares have been gaining attention after a strong rally, rising about 16% in the past week and delivering significant returns over the last few years.The stock is currently trading around ₦9.20, with
Nigeria's crude oil production rose to 1.56 million barrels per day, allowing the country to meet 104 percent of its OPEC quota. The data was disclosed by the Nigerian Upstream Petroleum Regulatory Commission in its latest statistics report.
📊 Jaiz Bank Stock Update: Strong Momentum, But Valuation MattersJaiz Bank shares have been gaining attention after a strong rally, rising about 16% in the past week and delivering significant returns over the last few years.The stock is currently trading around ₦9.20, with
🩹 Where we got it wrong🟢 BETAGLAS +0.0%
🟢 SEPLAT +0.0%
🟢 PRESCO +0.0%We share the misses too.https://t.co/MxCmG9DOQl · Not financial advice
🏆 Our best picks this week🟢 PRESCO +0.0%
🟢 SEPLAT +0.0%
🟢 BETAGLAS +0.0%(All rated Buy at the start of the week)
@barralpha1 @anthonyuzum How many IOCs are on the NGX?
Are there any foreign company listed on the NGX?
How did you come about this your take?
Global oil prices, including the Nigerian benchmark Brent crude, climbed above $79 per barrel following renewed hostilities between the United States and Iran. The escalation has heightened fears of supply disruptions in the Middle East, reigniting global inflation concerns and impacting financial markets.
Stockbrokers have praised the Nigerian Exchange Group for its engagement with FTSE Russell and global institutional investors in London. The delegation addressed concerns regarding Nigeria's transition to a T+1 settlement cycle and the temporary pause on its Frontier Market status ahead of an upcoming update.
Dangote Industries Limited has launched a whistleblowing initiative offering a cash reward of five hundred thousand Naira for information leading to the arrest of individuals using its trucks for illegal haulage. The initiative aims to curb the unauthorized transportation of goods and people using the group's logistics assets.
Stanbic IBTC Holdings Plc has proposed the use of capital market instruments and internally generated revenue strategies to support the economic recovery of Abia State. The bank group's management delegation discussed these development solutions during a visit to Governor Alex Otti.
The Nigerian Exchange experienced a downturn in June, with the banking sector index dropping by 11.56 percent to close at 2,070.11 points. The decline was driven by profit-taking and regulatory concerns, which impacted major sectoral indices across the market.
The Federal Government of Nigeria borrowed five trillion Naira from the domestic debt market in the first half of 2026, marking a seventy-seven point eight percent year-on-year increase. The surge in borrowing occurred despite a decrease in borrowing costs during the period.
Nigeria's crude oil production rose to a 74-month high in June 2026, surpassing its OPEC quota for the fourth consecutive month. This increase represents a sustained improvement in national oil output, supporting foreign exchange inflows and fiscal stability.
FMDQ Exchange reported a sharp decline of nearly 50 percent in Nigeria's foreign exchange market turnover, which fell to $1.63 billion for the week ended July 10, 2026. The drop reflects weakened trading activity across both the spot and derivatives segments.
@SirJarus It's not just money.
It's also the amount of effort you'd expend to earn such an amount in the industry.
3m is a good salary. A GT at seplat can earn such amount without an experience learning on the job. While you'd need 10 years banking experience with promotions
The Nigerian Upstream Petroleum Regulatory Commission reports that Nigeria has met 104 percent of its OPEC production quota as crude oil output reached a 74-month high. This growth was driven by stable asset operations and the absence of major pipeline outages.
Nigerian investors are shifting capital to short-term debt instruments to prioritize liquidity and flexibility amid elevated bond yields and persistent inflation. Market analysts expect the current high interest rate environment to persist for several months, shaping the country's fixed-income dynamics.
Nigeria's crude oil production surpassed its OPEC quota for the fourth consecutive month in June 2026. Data from the Nigerian Upstream Petroleum Regulatory Commission indicates a sustained recovery in the country's average crude oil output.
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