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Skyway Aviation hits 52-week high then crashes 10%
Skyway Aviation shares touched a record peak before reversing sharply, raising questions about the stock’s valuation after a 152% rally.
Tobi Opeyemi AmureJun 30, 2026
Page 16 of 23
Skyway Aviation shares touched a record peak before reversing sharply, raising questions about the stock’s valuation after a 152% rally.
More than 1.2 million Wema Bank shares changed hands on June 29 without moving the price, a striking signal in a session where the broader NGX lost 1.57%.
Africa’s largest refinery just made its first Middle East crude purchase, and the timing says everything about where Dangote is headed next.
First HoldCo’s stock rallied as investors digested a massive private placement and Femi Otedola’s growing grip on Nigeria’s oldest lender.
GTCO posted a 10% weekly gain as banking stocks defied a broad NGX selloff that hammered oil and industrial shares.
Nigeria pulled $1.5 billion from a $5 billion derivatives deal with the UAE’s largest lender, ignoring warnings from the IMF, Fitch, and Moody’s about the risks involved.
Aradel Holdings hit the daily price floor for a second straight session as bears tightened their grip on the NGX, dragging 37 stocks lower and wiping nearly ₦1 trillion off market capitalization.
Aradel Holdings barely moved on June 25, but three of its closest oil sector rivals dropped close to the daily limit.
S&P Globals hiked its 2026 projection by nearly two percentage points and trimmed Nigeria’s economic growth forecast in the same report.
Cadbury Nigeria dropped 8% as a broad wave of profit-taking swept through consumer goods stocks on the Nigerian Exchange, in a session that erased trillions in market value.
Seplat Energy hit the daily circuit-limit floor as profit-taking wiped ₦3.64 trillion from the Nigerian Exchange in a single session.
Private sector credit crossed ₦81 trillion in May, but with lending rates as high as 46% and just 9.4% of GDP reaching businesses, the real question is who that growth is actually serving.
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