Nigerian market news and social signals.
Market Snack archive11046 stories
So I checked profit after tax too...Zenith 4.5xGTCO 4.3xUBA 3.6xAccess 7.0xProfit beat EPS in every one.So something sits between profit and EPS…
2020 - 2025 (x = how many times bigger)Zenith - revenue 6.0x, EPS 3.4xGTCO - revenue 4.7x, EPS 3.6xUBA - revenue 5.0x, EPS 3.0xAccess - revenue 7.2x, EPS 4.5xRevenue = gross earnings. EPS as reported. https://t.co/ZkY6wdhSDP
Access bank: revenue up 7.2x since 2020. EPS up 4.5xI ran the same check on 4 NGX banks - GTCO, Zenith, UBA, Access.2020 vs 2025. Their own results.All four: revenue grew faster than EPS.Here’s what that means 🧵
Foreign investors accounted for 4.89% of equity transactions on the Nigerian Exchange in August 2026, the lowest monthly share reported this year. Their trading declined to N62.03 billion.
Zenith Bank’s non-banking subsidiaries, Zenith Pensions Custodian Limited and Zenith Nominees Limited, reported combined profit before tax of N9.11 billion in H1 2026. This was equivalent to 60.85% of their full-year 2025 earnings.
@virtuousii Top club spenders = ₦23,965,000,000,000
NGX (Nigerian Stock Market) market cap = ₦161,260,133,063,211The top 10 spenders add up to ~15% of the entire Nigerian stock market. We must take action on this madness @LagosLifeApp @officialEFCC 💀💀 #LagosLife https://t.co/L5x0vcQm2d
SUMMARY OF PRICE CHANGESNGX MARKET BREADTH
Market breadth weakened this week as 24 equities appreciated, down from 44 gainers last week.
54 equities declined in price, higher than the previous week’s 37, while 68 stocks closed unchanged, compared with 65 last week.
The wider
Nigerian equities declined for a second consecutive week in the week ended 9 October 2026, as the NGX All-Share Index fell 0.97% to 248,363.55 points after a 0.52% loss in the preceding week. The benchmark has declined 1.13% since the start of the fourth quarter, and its
The article focuses on United Capital’s efforts to take the Dangote Refinery IPO opportunity beyond Nigeria’s borders, linking the offering to Nigerian capital markets and the listed investment firm.
The Securities and Exchange Commission has disowned online investment platform WayvePay and warned Nigerians against investing through it, citing concerns about suspected fraudulent activities.
Nigeria’s balanced mutual fund segment recorded net asset value of N191.02 billion as of September 2026, up 23.94% from N154.13 billion at the end of August. The segment’s growth coincided with investment activity across equities and fixed-income securities.
MTN Nigeria's analyst price target just rose 10%. Before anyone rushes to buy, here's how to read it properly.
An upgrade lands in your inbox, the headline sounds bullish, and the urge to act kicks in. That's exactly when to slow down.
The numbers (Source: Simply Wall St, 10 Oct
MTN Nigeria's analyst price target just rose 10%. Before anyone rushes to buy, here's how to read it properly.
An upgrade lands in your inbox, the headline sounds bullish, and the urge to act kicks in. That's exactly when to slow down.
The numbers (Source: Simply Wall St, 10 Oct
How to Read Analyst Price Targets: A Case Study on MTN Nigeria
An analyst upgrade lands in your inbox. The target is higher, the headline sounds bullish, and the urge to buy kicks in. Let's slow down and read it properly.
The numbers
According to a Simply Wall St update dated 10
How to Read Analyst Price Targets: A Case Study on MTN Nigeria
An analyst upgrade lands in your inbox. The target is higher, the headline sounds bullish, and the urge to buy kicks in. Let's slow down and read it properly.
The numbers
According to a Simply Wall St update dated 10
SEC Director-General Emomotimi Agama proposed establishing investment funds to finance student hostel construction at Nigerian universities, where accommodation is inadequate. The proposal links investment-fund financing with university housing development.
SEC Director-General Dr Emomotimi Agama warned that a shortage of credible issuers in Nigeria’s capital market could push up prices of existing assets, rather than contribute to genuine market development.
Fitch Ratings revised Nigeria’s credit outlook to Positive from Stable and affirmed the country’s long-term issuer default ratings at ‘B’. The change concerns Nigeria’s sovereign credit assessment and is relevant to the broader investment environment for Nigerian equities.
The naira is projected to trade stable to bullish, with a six-month target range of N1,250/$ to N1,350/$. The outlook is attributed to high foreign-exchange supply, Central Bank of Nigeria interventions, and market confidence.
🚨 THE NGX HAD WINNERS, LOSERS AND SOME SERIOUS REVERSALS ON FRIDAY.🔴 BEARISH REVERSALS OUTNUMBERED BULLISH ONES
5 bearish vs 4 bullish. Some rallies couldn't hold.
📉 THE BIGGEST HITS
REDSTAREX -9.76%
FIDELITYBK -8.7%
DAARCOMM -8%🟢 BUYERS FOUGHT BACK
REGALINS +10% https://t.co/tJc5e8zQhY
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