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Nestle holds at ₦2,800 while peers crumble around it

Nestle Nigeria barely moved on August 13 as BUA Foods, Guinness, and NASCON each shed roughly 10% in a consumer goods rout that erased N613 billion from the NGX…

Peace LongeAug 14, 20261 min read
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Nestle Nigeria building
News

Nestle holds at ₦2,800 while peers crumble around it

Nestle Nigeria barely moved on August 13 as BUA Foods, Guinness, and NASCON each shed roughly 10% in a consumer goods rout that erased N613 billion from the NGX.

Peace LongeAug 14, 2026
Taxes

Did VAT actually increase in Nigeria in 2026? Here’s what really happened

The VAT increase rumor in Nigeria refuses to die, but the final law tells a different story from the one most people heard first.

Damilola EsebameAug 14, 2026
Top-up tax nigeria
Taxes

Top-up tax for Nigerian multinationals — global minimum tax explained

The Nigeria Tax Act forces parent companies of large multinational groups to pay a top-up tax in Nigeria, closing gaps that once let profits sit untaxed in low-rate jurisdictions abroad.

Damilola EsebameAug 13, 2026
Seplat energy
News

Seplat sets ₦1,360 rate for Q2 dividend payout

Seplat Energy has locked in the naira conversion rate for its record quarterly dividend, and the number carries real weight for every NGX shareholder expecting a deposit on August 28.

Tobi Opeyemi AmureAug 13, 2026
Dangote Sugar Refinery
News

Dangote Sugar draws 73,000 shares and still edges up

Dangote Sugar closed higher on a session that wiped ₦1.76 trillion from the NGX, and the reason goes beyond one good day.

Peace LongeAug 13, 2026
BUA Cement factory
News

BUA Cement buckles below ₦300 in broad market retreat

BUA Cement shares fell nearly 9% in a single session, dragged down by broad selling pressure that erased trillions in NGX market value.

Damilola EsebameAug 13, 2026
Zenith bank & GTCO buildings
News

Zenith Bank and GTCO slip as mid-tier lenders surge

Zenith Bank and GTCO closed lower on August 11 as Fidelity Bank, Sterling, and Wema Bank posted gains in a session that wiped ₦1.17 trillion from the NGX.

Hillary RemyAug 12, 2026
Guinness Nigeria
News

Guinness Nigeria drops 9% in broad NGX selloff

Guinness Nigeria shed nearly 9% on August 11 as a sweeping selloff erased N1.17 trillion from the Nigerian Exchange in one session.

Peace LongeAug 12, 2026
NGX building
News

NGX Group insider sells ₦11.6m stake in single trade

An NGX Group employee offloaded 85,000 shares in one transaction, raising fresh questions about insider confidence at the exchange operator.

Damilola EsebameAug 12, 2026
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