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Aradel Holdings slides 8% days after ₦23 dividend
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.
Damilola EsebameJul 24, 2026
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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.
MTN Nigeria barely moved on July 23 while premium banking stocks rallied and several large-caps crashed into the daily limit.
Nigeria’s first Tax Ombud rolls out a digital complaint system and international partnerships to repair citizens’ fractured confidence in the country’s revenue agencies.
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.
Airtel posted a blockbuster Nigerian quarter, but a closer look at the numbers reveals a tug-of-war between organic growth and a currency windfall.
Vitafoam Nigeria shed ₦18.80 per share on July 22, falling far harder than the broader NGX in a session that points to targeted profit-taking after months of steep appreciation.
Calvados Global Services, the Otedola-linked investment vehicle, purchased over 706 million First HoldCo shares at a premium, lifting the chairman’s stake past 21%.
Nigeria’s reserves now cover 11 months of imports after the Central Bank confirmed a $52.52 billion stockpile, blowing past its own full-year forecast with five months still left in 2026.
Okomu Oil and Presco, Nigeria’s two largest listed palm oil producers, lost a combined ₦371 billion in market value during the July 21 session, even as the broader NGX index edged higher.
Airtel Africa has purchased over 841,000 ordinary shares across five trading sessions, pushing its total buyback past 13.7 million shares since the program launched in May 2026.
Skyway Aviation shares slid to ₦154.10 on the same session they touched a record high, raising questions about whether the stock’s rally has run out of altitude.
Cadbury Nigeria jumped to its highest close in weeks as a Mondelez subsidiary outpaced every consumer goods peer on the board.
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