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Aradel surges 5.7% as NGX selloff claims another ₦443bn
Aradel Holdings snapped a brutal two-day losing streak on August 21, but the broader Nigerian equities market kept sliding for a ninth straight session.
Damilola EsebameAug 22, 2026
Damilola Esebame is an NFEC Certified Financial Education Instructor℠ (CFEI®) and professional finance journalist whose work has appeared in leading outlets such as Investing.com and FinanceFeeds. Since 2018, he has authored articles and insights that simplify complex financial topics, ranging from credit and budgeting to crypto, macroeconomics, and global markets, for audiences around the world.
Aradel Holdings snapped a brutal two-day losing streak on August 21, but the broader Nigerian equities market kept sliding for a ninth straight session.
Dangote is carving out a $1.5 billion slice of his planned Kenyan mega refinery for regional governments eager to buy in.
Dangote Petroleum Refinery hiked its wholesale petrol price for the first time in weeks. Rival depots across Lagos are still charging more per liter despite the ₦20 increase.
Sterling Financial Holdings drew over 185,000 shares on August 19 without budging from ₦7.75, while the Nigerian Exchange shed ₦556 billion in its seventh straight session of losses.
Oyedele’s reform scorecard shows the Federal Government kept only ₦5.43tn of the ₦15.8tn in subsidy savings while spending pressures ballooned to ₦30.64tn
Africa’s largest lender is in discussions to buy into OPay before the Nigerian fintech lists its shares in New York later this year.
First HoldCo shares dropped to their lowest level in two weeks while GTCO, Zenith, and UBA barely moved, as the NGX shed ₦544 billion in a single session.
Airtel Africa expanded its Barclays buyback agreement just three months into a program that has already consumed over 18 million shares, and the company is not slowing down.
Otedola’s Calvados Global Services just dropped another ₦20.68 billion on First HoldCo stock, pushing his ownership past 26% as the billionaire chairman inches closer to a regulatory tripwire.
NGX’s revised pricing framework could reshape how much capital it takes to move premium stock prices on the Nigerian exchange.
PwC Nigeria flagged critical gaps in the country’s first virtual asset tax framework that could over-tax compliant crypto investors and exchanges.
Dangote Sugar pulled off one of Nigeria’s largest equity raises with investors piling in, even as the refiner carried a staggering ₦628 billion debt load on its books.
Dangote Refinery is preparing what could become Africa’s largest IPO, but the company’s CEO just slammed the brakes on a key part of the global expansion plan.
The VAT increase rumor in Nigeria refuses to die, but the final law tells a different story from the one most people heard first.
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.
BUA Cement shares fell nearly 9% in a single session, dragged down by broad selling pressure that erased trillions in NGX market value.
An NGX Group employee offloaded 85,000 shares in one transaction, raising fresh questions about insider confidence at the exchange operator.
Aradel Holdings shed ₦152.60 per share in a single trading session, and the reasons behind the sell-off may not be what you expect.
MTN Nigeria slipped below ₦810 on 10 August 2026 while Airtel Africa punched through its 52-week ceiling on the same NGX premium board.
A soft loan without interest in Nigeria sounds ideal, but only a handful of government-backed and cooperative-based programs genuinely deliver on that promise for ordinary borrowers.
The FG student loan NELFUND login portal at nelf.gov.ng is where Nigerian students in public institutions apply for interest-free tuition and upkeep funding, but the process involves verification steps most applicants miss.
Nigeria’s $1trn economy ambition just got a bold endorsement from the NGX Group chairman, but the growth math behind the claim tells a harder story.
BUA Cement led a broad retreat in building materials stocks on the NGX on August 7, despite posting 79% profit growth just weeks earlier.
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.
Nigerian families are walking away from homes, cars, and investments as food costs swallow household budgets, new CBN data shows.
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.
Guinness Nigeria dropped nearly 10% on August 5 as official closing prices fell across multiple sectors of the Nigerian Exchange amid thin trading volumes and ongoing profit-taking.
The Nigeria Tax Act 2025 has reshaped stamp duty rules in Nigeria 2026 by eliminating a long-standing contractor deduction and redefining which instruments are actually chargeable under the law.
The laws repealed by the Nigeria Tax Act 2025 include ten standalone statutes, from company income to stamp duties, replaced by one unified code.
Dangote Cement closed at exactly ₦1,000 on August 4 after opening the session at ₦1,034, landing on a round-number support level that could shape how investors approach Africa’s largest cement stock in the sessions ahead.
MTN Nigeria shed 6.5% to close at ₦790 on August 4, but the official list’s record of just 10 board-traded units raises more questions than the price drop itself.
Skyway Aviation shed nearly 10% on August 3 after opening at its 52-week peak, raising questions about whether the stock’s 93% year-to-date rally has finally run out of fuel.
Airtel Africa purchased nearly 800,000 shares in just two trading sessions, pushing its ongoing buyback past 15.9 million shares since May.
Transcorp Power closed at ₦197.70 on August 3, falling below a floor that had held for a full year, as transmission vandalism and shrinking revenue weigh on investor confidence in the utility stock.
Vitafoam Nigeria posted a 45% jump in nine-month net profit, fueled by a dramatic reduction in borrowing costs that unlocked billions in earnings capacity.
BUA Foods delivered wider margins and a bigger bottom line in H1 2026, even as topline revenue fell by more than ₦147 billion.
Dangote Cement erased its entire net debt position and entered cash surplus territory within a single half-year reporting period.
The Nigeria Tax Act reshaped self-employed tax obligations for sole proprietors, and the real cost depends on which structure you choose.
Nigeria’s TIN registration online now runs through a single NRS portal, and millions of old TINs issued under the defunct JTB system need fresh verification before they work again.
Airtel Africa’s buyback machine keeps grinding, with over 15 million shares now pulled from the open market since May
Ecobank posted a healthy profit for the first half of 2026, but a 40% spike in impairment charges tells a different story beneath the surface.
Nigeria has no statutory loan app interest rate cap, but FCCPC disclosure rules and CBN interest rate guidance shape what digital lenders can legally charge borrowers.
Most apps advertise weekly or daily rates that mask steep annual costs, so finding the lowest interest rate loan app in Nigeria demands a closer look at the math behind the numbers.
NGX Group’s transaction fees surged 169% in the first half of 2026, lifting the exchange operator’s earnings to levels that took all of 2025 to reach.
TotalEnergies Nigeria’s stock crashed 10% on just 30 traded shares, exposing what a tight float and vanishing liquidity can do to a loss-making giant.
Aradel Holdings, one of Nigeria’s largest indigenous oil stocks, has shed over 30% from its 52-week peak, and the stock continues to bleed value.
Nigeria lands in the 12.5% tariff tier as Washington rolls out new trade duties on 60 economies, and the fallout could reshape a $15 billion commercial relationship.
Loan app scams in Nigeria now range from upfront fee traps to phishing clones of trusted platforms, and the FCCPC has blacklisted dozens of offenders this year alone.
Knowing how to report a loan app to FCCPC can stop harassment, protect your data, and hold predatory lenders accountable under Nigeria’s digital lending regulations.
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