Nigerian market news and social signals.
Market Snack archive11764 stories
Stanbic IBTC Holdings Plc has announced plans to publish its audited financial statements for the half year ending June 30, 2026, on or before August 29, 2026. This timeline follows regulatory approval from the Central Bank of Nigeria.
Dangote Industries Limited has announced a forty-six billion dollar investment plan spanning its cement, fertilizer, and refining businesses between 2026 and 2028. The strategic expansion aims to boost industrial production, increase manufacturing output, and raise the group's refining capacity.
Nigeria's introduction of a mandatory e-invoicing system through the Nigeria Revenue Service Merchant Buyer Solution platform marks a significant structural tax reform. The initiative introduces new compliance requirements and technical operational changes for finance and tax professionals across various corporate sectors.
First HoldCo Plc has declared a closed period starting ahead of the consideration and release of its unaudited financial statements for the half-year ended June 30, 2026. The company's board of directors is scheduled to meet to consider the financial results.
An outlook on the Nigerian economy for the second half of 2026 highlights emerging signs of macroeconomic stability. It examines key factors expected to shape the fiscal and monetary landscape, influencing investment conditions and overall market operations during the period.
The Central Bank of Nigeria has sustained efforts to enhance liquidity and transparency in the foreign exchange market, contributing to continued stability in the official naira to dollar exchange rate.
Access Holdings Plc has disclosed an insider share acquisition by its Non-Executive Director, Olusegun Ogbonnewo. The director purchased 6.7 million ordinary shares of the financial services group for a total value of 154.1 million Naira in transactions executed on the Nigerian Exchange.
Fidelity Bank Plc has notified the Nigerian Exchange Limited of the vesting of 29,787,745 ordinary shares to selected senior executives and employees. The transaction was executed under the financial institution's employee share scheme, in line with regulatory disclosure requirements.
Dangote plans to increase its total refining capacity to 2.1 million barrels per day. This target includes expanding the Nigerian refinery capacity to 1.4 million barrels per day and establishing a 700,000 barrels per day refining facility in Kenya.
Nigeria's slow next-generation mobile network rollout continues to delay key digital growth opportunities despite investments totaling 820.8 million dollars since the initial 5G spectrum auctions. The sluggish expansion remains a major bottleneck for leading telecommunications operators and the broader technology ecosystem.
Taiwo Oyedele has proposed the establishment of a special commercial tribunal to fast-track business disputes in Nigeria. This initiative aims to address judicial delays of up to fifteen years, which currently hinder commercial investments and business operations.
The Nigerian stock market experienced its steepest correction and worst performance of the year in June, following a prolonged bull run. The downturn has reportedly created potential bargain opportunities for investors looking to acquire equities at lower valuations.
Domestic stockbrokers under the Association of Securities Dealing Houses of Nigeria have criticized FTSE Russell for halting the country's upgrade back to the Frontier Market index. The pause is reportedly linked to issues surrounding the shift to a T+1 settlement cycle.
United Bank for Africa Plc has distributed over 400 million Naira in anniversary bonuses to thousands of its customers holding the UBA Bumper Account. The initiative is aimed at rewarding customer loyalty and promoting savings.
The Nigerian electricity sector recorded collections of ₦203.6 billion, but nationwide billing efficiency stagnated as approximately 17% of received electricity remained unbilled and nearly 19% of billed revenue went uncollected.
Nigeria's financial system is experiencing increased liquidity driven by stronger foreign exchange inflows and an expanding money supply. However, this growth in banking system liquidity is not translating into increased credit access or financial support for local businesses.
Ecobank Nigeria has concluded the fifth edition of the Ecobank Adire Lagos Experience, an exhibition aimed at boosting market access for small and medium enterprises. The four-day event attracted over 30,000 visitors and hundreds of local exhibitors showcasing indigenous fabrics and crafts at the Ecobank Pan African Centre in Lagos.
The World Bank has approved a $1.25 billion Development Policy Financing loan for Nigeria to support private sector-led growth and job creation. The funding comes alongside a new six-year partnership strategy despite public concerns regarding the country's rising debt profile.
The World Bank has approved a new 1.25 billion dollar loan for Nigeria to support economic development initiatives. The approval comes amid growing public concerns regarding the nation's escalating debt burden and its long-term impact on fiscal sustainability.
Nigeria has proposed the establishment of a special commercial tribunal to accelerate the resolution of business disputes. The initiative aims to enhance investor confidence, support the domestic capital market, and attract sustainable long-term investments.
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