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Airtel Africa smashes past ₦6,000 to new 52-week high
Airtel Africa hit a new 52-week high at ₦6,009, but the forces behind the rally go deeper than one session.
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Peace Longe
Peace is a personal finance writer and journalist who explains money, markets, and everyday financial decisions in clear, practical language. He focuses on helping readers understand what actually matters, without noise or unnecessary complexity.
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Articles by Peace Longe
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Airtel Africa sits at 52-week high as NGX peers tumble
Airtel Africa’s market value topped ₦21 trillion after the telecom giant hit the NGX’s 10% daily price ceiling, but the rally left several blue chips behind.
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BUA Foods drops to ₦845 as food giants hit the floor
BUA Foods led a broad consumer goods selloff on the Nigerian Exchange as food stocks shed up to 10% in a single session on July 7, 2026.
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Airtel Africa snaps up 1.7m of its own shares in a week
Airtel Africa’s buyback program has now crossed 11 million shares since late May, with every repurchased share headed straight for cancellation.
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Oil and gas stocks skid 4.3% despite 82% yearly surge
The NGX Oil and Gas Index posted its steepest weekly decline of the year, even as investors who bought in January still hold massive gains.
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MTN moves just 7 shares on a day NGX won’t forget
MTN Nigeria barely registered a pulse on the exchange during one of July’s sharpest trading rebounds despite holding the country’s highest corporate credit rating.
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Conoil sheds 10% as oil stocks slide across the NGX
Conoil hit its daily price limit on the Nigerian Exchange as the broader energy sector extended a punishing correction into July.
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Zenith Bank tops ₦2.14bn in trades as NGX sheds ₦2.39tn
Zenith Bank led the NGX value chart as heavy profit-taking in blue-chip stocks erased ₦2.39 trillion from the market on the first trading day of July.
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NGX blue chips stumble as H1 2026 ends in red
The Nigerian Exchange (NGX) closed the first half of 2026 with a broad sell-off in heavyweight stocks, even as the market held onto a 45.95% year-to-date gain that masks June’s bruising correction.
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GTCO leads banking rally with 10% gain on a rough week
GTCO posted a 10% weekly gain as banking stocks defied a broad NGX selloff that hammered oil and industrial shares.
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Aradel holds flat at ₦1,575 while oil peers slide
Aradel Holdings barely moved on June 25, but three of its closest oil sector rivals dropped close to the daily limit.
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Seplat sheds ₦1,136 in one session as oil stocks sink
Seplat Energy hit the daily circuit-limit floor as profit-taking wiped ₦3.64 trillion from the Nigerian Exchange in a single session.
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United Capital insider snaps up 17,000 shares
A United Capital research analyst just put personal money behind the stock, raising questions about what she might be seeing inside the firm.
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Guinness Nigeria drops 10% in consumer goods rout
The brewer’s shares tumbled alongside BUA Foods, Nestle, and Unilever as a broad selloff hit the NGX consumer goods sector on June 22, 2026.
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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.
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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.
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Transcorp Hotels soars past its 52-week high on NGX
Something shifted for Transcorp Hotels on the Nigerian Exchange this week, and the numbers suggest the move was anything but subtle.
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Ecobank trades ex-dividend as NGX stocks face rout
Ecobank Transnational Incorporated opened the trading week carrying an “X” marker on the Nigerian Exchange, confirming it was trading without its dividend for the first time since 2022.
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FAAC allocation surges 10% despite oil tax slump
The Federation Account Allocation Committee distributed ₦2.257 trillion for April, a jump of roughly ₦217 billion from the previous month.
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TotalEnergies slips 10% on thin Lagos volume
A stock that sat frozen near ₦640 for months suddenly cracked open on June 11, 2026, and what spilled out may trouble shareholders.
News
Seplat Energy slides 6.7% to ₦10,604 in a single session
Seplat Energy, the first stock in the 65-year history of the Nigerian Exchange to break the ₦10,000 barrier, gave back a significant chunk of its year-to-date gains on June 10, 2026.