Nigerian market news and social signals.
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McNichols Consolidated Plc: Proposed Rights Issue Shareholders are hereby notified that McNichols Consolidated Plc (the Company) has through its Stockbroker, Cordros Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a
📅 July 8, 2026📈 NGX closes stronger!✅ ASI: 242,459.98
✅ Market Cap: ₦155.59T
✅ YTD Return: +55.81%
✅ Value Traded: ₦16.23BNigeria's stock market continues its impressive rally.#NGX #Stocks #Investing #Nigeria #9JAFX https://t.co/uZlohAJgiV
The Central Bank of Nigeria allotted 1.06 trillion Naira at its Treasury bills primary market auction on July 8, 2026. The central bank raised the stop rate on the one-year bill to 17.70 percent from 17.34 percent at the previous auction, while maintaining the mid-tenor rate.
The Federal Government of Nigeria is implementing a ten-year Comprehensive Africa Agriculture Development Programme plan to eliminate fragmentation in agricultural spending. This policy aims to align national and sub-national agricultural initiatives to improve funding efficiency across the sector.
@realpillnuke @kiruti Dangote himself said in a recent interview: “First quarter, we did about $10 billion.” This aligns with the refinery’s strong ramp-up and group performance (Dangote Cement alone posted ~₦1.2T revenue in Q1 2026).Listed entities’ filings (profits, margins) are public on the
Aviation unions in Nigeria have threatened to go on strike over unpaid ticket sales charges. The unions stated that these levies are resources intended to support safe air transportation, raising concerns of potential operational disruptions within the aviation and services sector.
S&P Dow Jones Indices has placed Nigeria on its 2027 watchlist for potential reclassification to a frontier market. The decision is driven by ongoing regulatory reforms in the country aimed at boosting market integrity, transparency, and accessibility for investors.
The Nigerian Upstream Petroleum Regulatory Commission has officially issued nineteen Petroleum Prospecting Licences to twelve successful bidding companies from the 2024 licensing round. This initiative aims to stimulate fresh investments and boost activities within Nigeria's upstream petroleum sector.
NGX hit an all-time high of 252,508 points in May 2026. Since then it's declined more than 23,200 points, with cumulative market cap losses from peak levels approaching N13 trillion. Yet year-to-date return still sits at 47.31% and today the market is up 1.50% at 240,635, with
NGX just logged its fourth straight bullish session.The All-Share Index advanced 2.27% to close at 242,459.98 points on Wednesday, up from 237,083.28 on Tuesday. Investors gained N3.45trn in a single day, pushing the year-to-date return to 55.81%.
Several major listed companies on the Nigerian Exchange, led by MTN Nigeria and Zenith Bank, are scheduled to hold board meetings and release their half-year and second-quarter unaudited financial results throughout July 2026.
The Nigerian Communications Commission and industry stakeholders are developing a cost-based pricing framework for sharing underground telecom ducts under the Dig Once policy. This initiative aims to reduce repeated road excavations and accelerate fiber infrastructure deployment across the country.
@ngxgrp Thanks @ngxgrp for the daily snapshot. Fixed income steady at +0.01%, overall bullish vibes for investors watching NGX.
The Nigerian Upstream Petroleum Regulatory Commission has formally executed concession contracts for nineteen Petroleum Prospecting Licences awarded to twelve companies under the 2024 licensing round, marking a key development for the upstream energy sector.
The Nigerian Naira experienced a depreciation at the official foreign exchange market, losing 3.32 Naira against the US Dollar. This decline follows a volatile beginning to the trading week, where an initial gain on Monday was offset by a larger loss on Tuesday.
The International Monetary Fund has warned that rising prices for essential commodities could exacerbate poverty and food insecurity in Nigeria. Despite recent indicators of economic stability, the persistent high cost of living remains a significant challenge for the country's macroeconomic outlook.
The Nigerian Communications Commission is proposing a fair, transparent, and sustainable cost-based pricing framework for fibre infrastructure sharing. This initiative aims to unlock investments in Nigeria's telecommunications infrastructure by providing a clearer pricing model for industry operators.
Nigeria’s pension funds increased their investment in Nigerian stocks by ₦1.50 trillion in just three months https://t.co/qOXSzr1obL https://t.co/8KeTaqdPck
Major deals of the day for the 8th of July 2026 @ngxgrp223.8k units of AIRTELAFRI crossed at 5801.4
83.5k units of ARADEL crossed at 1460.0
100k units of ARADEL crossed at 1470.0
259.3k units of ARADEL crossed at 1549.8
270.3k units of ARADEL crossed at 1550.0
100k units of
Market Wrap For Wednesday, Jul 8 2026:🔵 The top gainers are: AIRTELAFRI, TRANSEXPR, FIDELITYBK, THOMASWY, ZICHIS
🔵 The bottom losers are: HMCALL, MCNICHOLS, TRANSCORP, CWG, VFDGROUPMore info on Assessworth's Market Movers Pagehttps://t.co/x5xpA1Wmai https://t.co/0xkCe0ICbx
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