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Fidelity Bank drops 2.44% as NGX sell-off drags on
Fidelity Bank slid to ₦20.00 a share as the Nigerian Exchange extended a brutal losing streak that has now erased nearly ₦6 trillion in market value.
Peace LongeAug 22, 2026
Fidelity Bank slid to ₦20.00 a share as the Nigerian Exchange extended a brutal losing streak that has now erased nearly ₦6 trillion in market value.
The NESG projects external reserves will reach $53 billion by December 2026, but 15.5% inflation and a shrinking factory sector could test the momentum.
Conoil fell to ₦189 per share as the Nigerian Exchange posted its eighth straight session of losses, erasing trillions in market value.
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.
TotalEnergies Marketing Nigeria hit the NGX daily price floor as the broader market logged its longest losing streak of 2026.
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.
UBA approved its H1 2026 audited financials on August 13, but the numbers remain sealed until the Central Bank of Nigeria clears them for release.
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
Nigeria’s government is calling on banks and fintechs to redesign lending models and capture an unclaimed women’s finance gap worth billions annually.
Tijani’s new cloud policy puts the federal government’s buying power on the table to attract private investors to build local digital infrastructure.
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