Nigerian market news and social signals.
Market Snack archive11761 stories
Over diversification is the killer of joy My top stocks will always come down to MTN SEPLAT ARADEL ZENITH OR GTCO Okumo oil / Presco Bua foods Dangote cement/bua cement Fidson https://t.co/7dDdXtTxnU
Love mecure personally, won’t advise anyone to enter if they can’t be patient because it’s illiquid. https://t.co/4k2v7IF9fE https://t.co/piHjRzIk6J
The Nigerian naira rebounded in the official foreign exchange market, recovering from its previous losses as the country's external reserves climbed to fifty-one point four five billion dollars.
Access Bank is set to host an artistic showcase during the 15th edition of its UK Polo Day in Windsor. The event aims to merge cultural influence with corporate impact, following the bank's sponsorship of the Nigerian Modernism exhibition at Tate Modern.
The National Pension Commission has approved a 24-month regulatory forbearance enabling Pension Fund Administrators to invest in securities issued by the parent companies of their Pension Fund Custodians, expanding investment options in the local financial markets.
A federal government agency has proposed amendments to the law regulating public interest entities to ease the regulatory burden. The proposal aims to curb the Financial Reporting Council's extensive authority over registered companies in Nigeria, potentially streamlining compliance for listed firms.
A member of the Central Bank of Nigeria Monetary Policy Committee has urged the regulatory body to implement additional measures to encourage commercial banks to reduce lending rates for households and businesses following the banking sector recapitalization exercise.
Nigerian Aviation Handling Company PLC has appointed Julius Omodayo-Owotuga, an Executive Director at First Bank of Nigeria, and Wolemi Esan to its board of directors. The appointments are expected to strengthen the governance and leadership of the aviation handling company.
The Association of Corporate Communication and Marketing Professionals in Banks has called on Nigerian banks to expand the adoption of digital payment systems. During a visit to the Nigeria Inter-Bank Settlement System, the association advocated for wider QR code implementation to improve payment efficiency.
United Bank for Africa Plc has rewarded its customers with over 400 million Naira in anniversary bonuses. The campaign is part of the financial institution's initiative to encourage consistent savings and promote customer loyalty across its operations.
What has this bearish sentiment in the NGX taught you?
Imagine if every Nigerian worker invested just ₦5,000 monthly in NGX stocks. The market cap go explode. 😳 Retail participation is still embarrassingly low in this country. We have work to do.
Dangote Petroleum Refinery and Petrochemicals has disclosed that its average landed cost of processed crude oil was approximately 124.80 dollars per barrel in May and 95.25 dollars per barrel in June. The company shared these details to explain its pricing strategy for refined products in the domestic market.
PZ Cussons Nigeria Plc has reported an unaudited full-year revenue of N260.46 billion and a net profit of N49.1 billion. The performance was driven by improved sales across its core consumer brands and strategic cost management.
The Nigerian Exchange half-year report for 2026 highlights the top-performing and worst-performing equities, noting that Aradel Holdings Plc yielded significant returns for investors through share price appreciation between January and June 2026.
In December 2023, FEMI OTEDOLA made about ₦6.8 billion in just 24 hours through his First bank shares. In 2022, he also made over ₦100 billion at the time within few days through his Geregu Power PLC. He is indeed the billionaire who bounced back https://t.co/nLmqrfybue
@Exonkenz @tosinolaseinde Nigerian stocks may be on their way to a very bearish season. June 2026 was really terrible, and July is not looking much better so far. I'll advise you wait till Q4, after Dangote Refinery IPO on NGX, to buy up discounted shares whose owners sold off to buy Dangote. https://t.co/KxxwAjIgzH
NGX WEEKLY REPORT Jun 29 - July 03, 2026 The NGX All-Share Index (ASI) and Equity Capitalization depreciated by 1.21% WtD to close the week at 229,240 and ₦147.10 trillion respectively. Activity remained high with a total of 258,567 deals traded this week. Sector https://t.co/OmArBk31ZZ
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has graduated the 16th cohort of its Business Empowerment Programme for Women. The initiative underscores the company's commitment to supporting female entrepreneurship and economic empowerment.
Nigeria's business confidence index tracked by the Nigerian Economic Summit Group remained in expansionary territory at 104.6 in June 2026. However, overall growth momentum moderated compared to the previous year due to persistent operating cost pressures, infrastructural deficits, and constrained access to credit.
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