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Transcorp Power slides to 52-week low in Friday rout
Transcorp Power sat at its 52-week floor of ₦219.60 on August 14 as the broader NGX selloff dragged the stock deeper into yearly-low territory.
Peace LongeAug 15, 2026
Omobolade is a finance and crypto editor specializing in DeFi, FX, and market analysis. With a sharp editorial eye and deep understanding of financial systems, she refines complex drafts into clear, credible, and high-performing content. Her work spans crypto explainers, macroeconomic insights, and trading-focused stories, ensuring accuracy, clarity, and strong SEO alignment. At the intersection of finance, blockchain, and content strategy, Omobolade helps brands and publications produce insightful narratives that engage readers and build trust.
Transcorp Power sat at its 52-week floor of ₦219.60 on August 14 as the broader NGX selloff dragged the stock deeper into yearly-low territory.
PwC Nigeria flagged critical gaps in the country’s first virtual asset tax framework that could over-tax compliant crypto investors and exchanges.
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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.
Transcorp Hotels shed ₦20.90 per share in a single session as profit-taking dragged Nigeria’s biggest hospitality stock away from record territory, but the story underneath the selloff may surprise you.
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.
Nestle Nigeria barely moved on August 13 as BUA Foods, Guinness, and NASCON each shed roughly 10% in a consumer goods rout that erased N613 billion from the NGX.
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.
Seplat Energy has locked in the naira conversion rate for its record quarterly dividend, and the number carries real weight for every NGX shareholder expecting a deposit on August 28.
Dangote Sugar closed higher on a session that wiped ₦1.76 trillion from the NGX, and the reason goes beyond one good day.
BUA Cement shares fell nearly 9% in a single session, dragged down by broad selling pressure that erased trillions in NGX market value.
Zenith Bank and GTCO closed lower on August 11 as Fidelity Bank, Sterling, and Wema Bank posted gains in a session that wiped ₦1.17 trillion from the NGX.