Nigerian market news and social signals.
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PZ Cussons reported a 298 percent increase in annual net profit to N49.1 billion, heavily driven by a profit of N38.7 billion from the disposal of fixed assets compared to N6.5 million in the previous year.
Nigerian Aviation Handling Company Plc announced the retirement of Akinwumi Godson Fanimokun as its Vice Chairman and Independent Non-Executive Director. He has been succeeded by Tajudeen Shobayo, following eight years of service on the board.
The European Bank for Reconstruction and Development plans to invest 1.5 billion dollars in Nigeria over the next three years. This investment aims to facilitate trade by providing crucial pre-import and post-export financing for Nigerian businesses.
STOCK WORTH OVER ONE TRILLION NAIRA (SWOOT ) shed N11.97 trillion as profit-taking, FX pressures trigger sell-off 👇👇👇 Nigeria's biggest stocks just lost ₦11.97 trillion in one month. June 2026 was brutal. Here's who took the biggest hits: Dangote Cement > lost ₦3.66 https://t.co/GUQMw8jd6x
The European Bank for Reconstruction and Development has announced plans to invest at least $1.5 billion in Nigeria over the next three years, establishing its first Sub-Saharan African office in Lagos following Nigeria's admission as a shareholder.
Access Holdings Plc and Coronation Group hosted a private reception at London's Tate Modern to celebrate the global impact of the Nigerian Modernism exhibition. The event highlighted Nigeria's rich cultural heritage and amplified its soft power by showcasing decades of artistic achievements to international audiences.
Electricity distribution companies in Nigeria installed 357,495 meters in the first quarter of 2026, representing the highest quarterly deployment in five quarters. According to the Nigerian Electricity Regulatory Commission, the increase indicates a continuing recovery in metering activity across the country.
The Nigerian equities market recorded a loss of N1.802 trillion over five trading days, marking its third consecutive weekly decline due to profit-taking in blue-chip stocks. Despite the decline, the All-Share Index and market capitalisation closed the week higher at 250,330.92 points and N160.444 trillion respectively.
The Supreme Court of Nigeria has ordered the immediate release of crude oil aboard the FPSO Tamara Tokoni to General Hydrocarbons Limited, resolving a legal dispute between the oil firm and First Bank of Nigeria.
this week purchase bought only Fidson
The Nigerian stock market concluded the week with a gain of N3.2 trillion for investors. This positive performance was primarily driven by renewed buying interest in banking, telecommunications, and oil and gas sector equities.
The market capitalization of the largest listed companies on the Nigerian Exchange, classified under the Stocks Worth Over One Trillion Naira category, declined by N11.97 trillion in June 2026. The sharp drop was driven by profit-taking activities and foreign exchange pressures.
Nigeria's leading listed palm oil producers are investing billions of naira to expand their plantations in response to the country's growing edible oil supply deficit. This capital expenditure aims to address the supply shortfall and boost domestic production capacity.
Nigeria’s Power Export Paradox: $12.66 Million Still Unpaid as West African Buyers Fall Behind on Electricity Bills (Q1 2026) Nigeria’s electricity export sector is once again under scrutiny after the latest Q1 2026 report from the Nigerian Electricity Regulatory Commission https://t.co/2G970cEexc
The Supreme Court has overturned a Court of Appeal judgment that ordered the seizure of an oil vessel and cargo belonging to General Hydrocarbons Limited. The initial seizure order was linked to a contract breach dispute involving First Bank of Nigeria.
The Presidential Enabling Business Environment Council plans to establish a unified digital platform for government agencies to securely share information. The initiative aims to streamline operations by eliminating the need for businesses in Nigeria to repeatedly submit identical registration documents to multiple agencies.
The NGX All-Share Index and Market Capitalization depreciated by 1.21% to close the week at 229,240.34 and ₦147.103 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Main Board which appreciated by 2.27%. See a summary of index https://t.co/27WYBQNeAp
The Supreme Court of Nigeria has ordered First Bank of Nigeria to hand over a Floating Production Storage and Offloading vessel to an oil company. The court voided a previous appeal court judgment, ruling that the bank failed to meet its memorandum of understanding obligations.
The European Bank for Reconstruction and Development has announced plans to invest a minimum of $1.5 billion in Nigeria, prioritizing the power sector. The development finance institution expects to commit $280 million during its first year of operations to support infrastructure and economic development.
The Nigerian National Petroleum Company Limited and its partners have commenced the evaluation stage for the Port Harcourt and Warri refineries. Additionally, Nigeria recorded an increase in crude oil production in June, aligned with a broader rise in OPEC output.
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