Nigerian market news and social signals.
Market Snack archive10869 stories
E-Tranzact International gained 42.98% on the Nigerian Exchange during the week ended October 16, 2026, rising from N12.10 to N17.30 per share. The stock added N5.20 per share and was the exchange’s second-biggest percentage gainer for the week.
Bank credit to Nigeria’s manufacturing sector declined 26.8% year-on-year to N5.19 trillion in June 2026, according to Central Bank of Nigeria data. The figures indicate reduced lending to manufacturers amid ongoing operating challenges.
The NGX Banking Index fell 3.15% in the week ended October 16, 2026, closing at 2,532.47 points, compared with 2,614.79 points the previous week. Zenith Bank and Guaranty Trust Holding Company were among the market’s biggest losers.
Oil and gas stocks on the Nigerian Exchange rebounded last week, lifting the NGX Oil and Gas Index by 3.13% to 6,194.00 points for the week ended October 16, 2026. Aradel shares rose 8.9%.
The NGX All-Share Index declined 0.33% to 247,539.73 points in the week ended October 16, 2026, from 248,363.55 points a week earlier. The market closed lower even as 50 stocks recorded gains.
Sterling Bank has joined a $4.1 billion and N435 billion financing scheme involving 13 financial institutions to improve access to financing for Renaissance oil contractors.
The power minister announced five interconnected mini-grid projects in Oyo with a combined capacity of 17.7MW and ruled out an electricity tariff increase. The developments concern power-sector infrastructure and tariff policy, areas relevant to Nigeria’s listed utilities sector.
The article examines the gap between government support for farmers and the affordability of food for Nigerians, raising questions about how agricultural subsidies translate into food supply and prices.
10 NGX-listed high dividend payers1. GTCO 10.22%
A financial holding company with banking, payments, asset management and other financial services businesses.2. Zenith Bank 8.13%
A commercial bank serving individuals, businesses and public institutions with lending, deposits,
Nigeria is targeting 7% economic growth in 2027, but high costs and weak productivity pose challenges. The government has also ruled out a return to fuel subsidies, according to the report.
Amid Tax Reforms, 20 Blue-chip Firms Remit N3.04trn to NRS, OthersKayode Tokede The major overhaul of Nigeria’s tax system by the federal government has started to yield fruits as just 20 firms listed on the Nigerian Exchange Limited (NGX) paid a https://t.co/nz6qPibd93
Can You Become Wealthy by Investing in Dangote-Linked Companies?Aliko Dangote is one of Africa’s most successful businessmen, and some of his businesses are listed on the Nigerian Exchange (NGX).Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries are three https://t.co/aLzjn8NYif
Valuation comparison of top companies on the NGX with DPRP.
P/S (price to sales) = market cap ÷ revenue, or price ÷ revenue per share.
- It shows what investors pay for each naira of sales.
- It suits loss-making, early-stage or cyclical firms with distorted earnings.
- It https://t.co/hULAGkn2EI
@SeeYouInGlory Hello @SeeYouInGlory. OPay is okay. 💚
Thank you for your interest in OPay. Kindly note that we do not have an official announcement regarding a listing on the Nigerian Exchange (NGX) at this time. Please follow our official communication channels for any verified updates. Thank
Transcorp Hotels Q3 2026 PerformanceThe company generated positive cash flow in Q3, after negative operating cash flows in Q2 and Q1. They have effectively been running on debt in that period.Q4 activities are generally strong, so hopefully they make a little bit more during https://t.co/7LlGuH419H
Energy sector stakeholders called for greater investment to improve reliable energy security, describing it as a foundation for digital inclusion. The discussion took place at an engineering conference in Port Harcourt, where Oilserv Group chairman Emeka Okwuosa was conferred as a Fellow.
The Nigeria Customs Service and customs administrations in Benin and Cameroon are partnering with Afreximbank on a regional border modernisation programme. The initiative aims to improve cross-border trade, customs procedures and infrastructure, and advance the African Continental Free Trade Area.
Nigeria’s imported food price index rose 9.19% year on year in September 2026 to 135.5, based on calculations using the latest National Bureau of Statistics data. The annual growth rate was its slowest since March, down from the index level of 124.1 in September 2025.
The Federal Government ruled out restoring fuel subsidies and multiple exchange rates, reaffirming its commitment to economic reforms. Finance Minister Taiwo Oyedele said the government aims to turn stabilisation gains into investment, economic growth and job creation.
Seplat listed on the NGX in April 2014 at ₦576 a share. ₦1m got you 1,736 shares.Then oil prices crashed. Six years later, in 2020, that ₦1m was worth about ₦672,000. Most people would've given up.Last month, Seplat hit ₦16,000 a share. That same ₦1m is now about https://t.co/nHt6nH1JiP
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