Nigerian market news and social signals.
Market Snack archive11755 stories
Galaxy Backbone is targeting Nigerian banks and fintech companies to adopt its digital infrastructure services. This marketing push follows a directive from the Central Bank of Nigeria mandating financial institutions to localise their data hosting within the country.
MTN Nigeria has officially restored its XtraTime airtime and data lending service for prepaid subscribers. https://t.co/dXWXZXeXqL
2 Filled - UHOMREIT & NAHCO6 Expired - NASCON, NEIMETH, NGXGROUP, TRANSCORP, UPDC & UPDCREIT.4 Rejected.
MTN Nigeria has officially restored its XtraTime airtime and data lending service for prepaid subscribers.Following an initial suspension in April 2026 due to regulatory compliance changes by the FCCPC, MTN reinstated the service after the commission paused the enforcement of https://t.co/UWSvrjqDbO
MTN Nigeria has officially restored its XtraTime airtime and data lending service for prepaid subscribers.Following an initial suspension in April 2026 due to regulatory compliance changes by the FCCPC, MTN reinstated the service after the commission paused the enforcement of https://t.co/7eSLQ2FTq8
⚖️ Esan: 20+ yrs in commercial law, top-tier rankings (Chambers, IFLR1000, Legal 500), major infra & concession deals.💼 Omodayo‑Owotuga: CFA, ex‑Deputy CEO Geregu Power, ex‑GED Forte Oil, governance & finance specialist; now ED at FirstBank.#NAHCO #NGX #CorporateAction ✈️📈
HBM Nigeria Plc, formerly Lafarge Africa, has appointed Dr. Fatima Akilu and Nella Andem-Ewa as Independent Non-Executive Directors to its board, with the appointments taking effect from July 1, 2026.
Institutional activity showed clear clustering across key names. ZENITHBANK accounted for 20.17% of total institutional trade value, and despite the negative price movement alongside elevated volumes, there are indications of quiet accumulation by “smart money.” This suggests the
Market breadth remained firmly bullish at 3.65x, with 62 advancers against 17 decliners, as more than four out of every five tickers closed higher. Trading activity reflected strong participation, with volumes increasing in 101 stocks compared to declines in just 47, underscoring
Unusual data points emerged across select counters. NAHCO declined by 10% on significantly elevated volume (112% of its average), with its RSI dropping to 22.1—indicating deeply oversold conditions, although negative momentum remains in play.On the upside, WEMABANK and NGXGROUP
The Securities and Exchange Commission of Nigeria has lifted the suspension on BGL Securities and BGL Asset Management. The capital markets regulator confirmed the restoration of the registration status for both market operators.
Oando Plc has reported its strongest annual profit on record, driven by the first full year of production from its newly acquired Agip Oil assets. The performance resulted in a 32 percent jump in profit and a significant increase in the company's cash reserves.
Shareholders of R.T. Briscoe (Nigeria) Plc have authorized a capital raise of up to N10 billion through a fresh equity issuance. The new capital will be used to enhance the company's capital structure and fund its strategic expansion initiatives.
@peteradewale02 Fidson 👌
NGX Market Update: Weekly Technical Analysis (Week Ended July 3, 2026)Hello Investors,
Catch up on the latest market movements as analyzed by Investdata Consulting Ltd. Despite a sharp recovery last Friday, the NGX All-Share Index recorded a 1.21% decline—marking its third
The Federal Government has urged host communities in Ogun and Ondo states to support the proposed Dangote Industrial City and Deep Seaport project. The Ministry of Environment highlighted the initiative as a transformative driver for economic growth, job creation, and community development within the region.
ICYMI:
-IKEJAHOTEL was marked down today for its NGN0.30 dividend, from a last close of NGN43.25 to an ex-dividend reference of NGN42.95.
-NGX has lifted the suspension on THOMASWY shares, following the company's filing of its outstanding financial statements.
NGX reclassifies
The Federal Government of Nigeria incurred an electricity tariff subsidy of 358.32 billion Naira in the first quarter of 2026, according to the Nigerian Electricity Regulatory Commission, to cover the gap between cost-reflective tariffs and consumer rates.
Today, let’s talk about the Stanbic IBTC Nigerian Equity Fund.This fund gives you diversified exposure to carefully selected companies listed on the NGX, helping you spread risk instead of betting on a few individual stocks.The fund aims for long-term capital appreciation by
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