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BUA Cement drops 9% as building stocks crumble on NGX

BUA Cement led a broad retreat in building materials stocks on the NGX on August 7, despite posting 79% profit growth just weeks earlier.

Damilola EsebameAug 8, 20261 min read
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BUA Cement factory
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BUA Cement drops 9% as building stocks crumble on NGX

BUA Cement led a broad retreat in building materials stocks on the NGX on August 7, despite posting 79% profit growth just weeks earlier.

Damilola EsebameAug 8, 2026
NGX building
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NGX Group insider lets go of ₦3.5m in shares

An NGX Group employee sold 25,000 ordinary shares worth ₦3.5 million, and the timing of the transaction is drawing attention from market watchers tracking insider activity across the exchange operator’s stock.

Damilola EsebameAug 8, 2026
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Julius Berger slides 10% on just 35 shares traded

Julius Berger, one of the NGX’s best-performing infrastructure stocks in 2026, just lost nearly 10% on a trade so thin it exposes a deeper structural problem on the exchange.

Peace LongeAug 8, 2026
Zenith, GTCO, UBA buildings
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GTCO and UBA slip as Zenith edges higher on NGX

Zenith Bank gained ground on the Nigerian Exchange as GTCO and UBA finished in the red, highlighting a split in sentiment across Nigeria’s biggest banking stocks.

Hillary RemyAug 8, 2026
Nigerian families shelve cars and homes for food bills
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Nigerian families shelve cars and homes for food bills

Nigerian families are walking away from homes, cars, and investments as food costs swallow household budgets, new CBN data shows.

Damilola EsebameAug 7, 2026
Central Bank of Nigeria exterior
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CBN survey reveals who bears Nigeria’s inflation burden

Nigeria’s latest inflation expectations data shows the squeeze is not falling evenly across income groups, and the hardest-hit earners may surprise you.

Peace LongeAug 7, 2026
Mtn exterior building
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MTN Nigeria slides below ₦800 while its rivals climb

MTN Nigeria dropped to ₦799 on the NGX as Airtel Africa surged nearly 10% to a record close, splitting the telecom sector in a single session.

Tobi Opeyemi AmureAug 7, 2026
Femi Otedola's picture on a white native attire and FirstHoldCo's logo
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Otedola deepens First HoldCo stake with 138m shares

Otedola’s Calvados Global Services spent N18.1 billion on fresh First HoldCo shares as the banking group’s stock touched an all-time high on the Nigerian Exchange.

Damilola EsebameAug 7, 2026
NCR building
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NCR Nigeria discloses ₦80m total manager pay at AGM

NCR Nigeria’s 74th annual general meeting put a shrinking ₦80.3 million manager compensation figure in front of shareholders, while a string of governance changes flew under the radar.

Hillary RemyAug 7, 2026
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