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Zenith Bank stalls 20% below its 52-week peak at ₦110

Nigeria’s most valuable banking stock has gone flat after its record April rally, and the gap between price and fundamentals raises questions about what comes n…

Hillary RemyJun 22, 20261 min read
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Zenith Bank stalls 20% below its 52-week peak at ₦110

Nigeria’s most valuable banking stock has gone flat after its record April rally, and the gap between price and fundamentals raises questions about what comes next.

Hillary RemyJun 22, 2026
First HoldCo crashes 20% in NGX weekly bloodbath
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First HoldCo crashes 20% in NGX weekly bloodbath

The parent company of First Bank of Nigeria dropped by a fifth in five trading sessions as the broader Nigerian market shed ₦5.64 trillion in investor wealth.

Peace LongeJun 22, 2026
NGX building
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NGX Banking Index sheds 10% in brutal weekly selloff

Banking stocks bore the brunt of a five-day rout that wiped trillions from the NGX, with tier-one names like GTCO and First HoldCo leading the losses.

Damilola EsebameJun 22, 2026
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Personal Finance

Nigerian banks split sharply on loan pricing in June

Lending rates at six major lenders range from 16% to 46%, and the gap reveals a deeper story about Nigeria’s credit market.

Damilola EsebameJun 20, 2026
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BUA Cement drops 10% as building stocks face pressure

Nigeria’s second largest cement maker closed at its daily price floor, and it was not the only building stock that buckled on June 18.

Hillary RemyJun 20, 2026
Nascon Allied Industry
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Dangote insider offloads ₦34m in Nascon shares

A senior Dangote group staffer disposed of 173,400 Nascon shares in a single transaction, raising fresh questions about insider sentiment at one of Nigeria’s strongest consumer goods performers.

Damilola EsebameJun 20, 2026
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Nigerian Breweries churns 80,000 shares but barely moves

Nigeria’s largest brewer traded 80,000 shares on June 18, a thin volume for a stock that averages millions per session, yet the price barely budged while the broader market shed ₦2.18 trillion in value.

Peace LongeJun 20, 2026
Flutterwave building
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Flutterwave puts Nigeria at the centre of a $3.2B bet

Ripple’s equity investment positions Nigeria’s largest fintech at the center of a stablecoin-powered cross-border payment corridor across Africa.

Tobi Opeyemi AmureJun 19, 2026
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Elon Musk’s $60B Cursor deal puts Nigerian devs on notice

The SpaceX-Cursor merger raises hard questions about AI tool access for the hundreds of Nigerian developers who built workflows around the code editor.

Tobi Opeyemi AmureJun 19, 2026
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