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Market Update For 17 July, 2026 The Nigerian Exchange (NGX) closed the week on a positive note, rebounding from two consecutive sessions of losses as renewed buying interest in banking and other blue-chip stocks restored market momentum. The recovery reflected sustained institutional demand for fundamentally strong equities, with investors taking advantage of recent price corrections to build positions ahead of the second-quarter earnings season.

Akintunde Oyedokun Research Analyst Oil prices remained near one-month highs on Thursday despite a slight pullback, as escalating U.S.-Iran tensions heightened concerns over supply disruptions. Brent crude slipped 0.2% to $84.76 a barrel, while WTI fell 0.2% to $79.43. Markets were supported by fears that disruptions to key Middle East oil routes could tighten global supplies and drive prices higher.

Caption: Ayo Sotinrin, MD/CEO, Bank of Agriculture; Massimo De-Luca, Head of Cooperation, European Union Delegation to Nigeria and ECOWAS; Olasupo Olusi, MD/CEO, Bank of Industry (BoI); Abubakar Kyari, Minister of Agriculture and Food Security; John Owan Enoh, Minister of state for Industry and Investment; and Dennis Idahosa, Deputy Governor, Edo State, during the Africa Cocoa Value Addition Summit, with the theme “From Bean to Brand” held in Abuja on Tuesday, July14.

Market Update For July 16, 2026 The Nigerian Exchange (NGX) extended its bearish run on Thursday, July 16, 2026, as renewed profit-taking in major blue-chip and mid-cap stocks overshadowed widespread bargain hunting, leaving the benchmark index slightly lower for the second straight trading session.

The pound’s rebound on Shabana Mahmood, the Treasury to Home Secretary, as Chancellor rumours is a warning to British Prime Minister Andy Burnham, not a green light, affirms the CEO of one of the world’s largest independent financial advisory organisations.

Akintunde Oyedokun Research Analyst Oil prices rose on Wednesday after fresh U.S. strikes on Iranian military targets increased concerns over supply disruptions in the Strait of Hormuz. Brent crude gained 0.2% to $84.91 per barrel, while WTI added 0.3% to $79.60. Analysts said prolonged disruptions to Gulf oil exports could push prices higher, although investors remain cautious as the conflict continues to evolve.

Investors should watch for pivotal points in this recovering market. At the end of this article, investors should know which sectors to watch and how to approach their investment strategy The NGX ASI lost 0.21% and closed at 242,366.75 basis points. The index remains within the 0.382 and 0.5 Fibonacci levels, which are strong resistance zones. Therefore, surpassing these zones would signal that a potential full market recovery is on the horizon.

Market Update For July 15, 2026 The Nigerian Exchange (NGX) halted its recent rally on Wednesday, July 15, as investors locked in profits across consumer goods, industrial goods and selected banking stocks, dragging the benchmark index slightly lower despite sustained buying interest in several fundamentally strong equities.

As part of a strategic transition driven by its expansion into AI and financial services and its ambition to build a broader technology platform serving businesses and workers across Africa, a leading African HR technology company, SeamlessHR has evolved into Seamless Technologies.

Trading on the Nigerian Exchange (NGX) closed relatively strong on Tuesday, with a few key sectors dominating the gainers’ chart. This article should enlighten investors on which sector to focus on based on the expected performance from each index. The NGX All-Share Index gained a marginal 0.01%, after closing at 241,761.23 basis points. During the intraday trade, the market didn’t make any significant change in basis points.