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[Nairametrics @Nairametrics]

Are Nigerian banks outgrowing Nigeria?

In 2025, FUGAZ banks pulled in 1.95 trillion Naira from their foreign subsidiaries—accounting for nearly 55% of their total combined profits.

As local operations struggled with rising costs, international branches in the UK and across Africa stepped up to cushion the impact. Leading the charge was UBA, bringing in a whopping 92% of its profit from outside Nigeria.

The strategy is clear: The future of Nigerian banking is increasingly international. But can they maintain this momentum in 2026 amidst looming regulatory changes?

Watch the video.

[Steve Hanke @steve_hanke]

Commodity market guru Jeff Currie remains bullish on oil's long-term outlook:

“One thing that’s very clear in the oil market is you've lost most of the players… They’re not willing to play in the market anymore… I think that that’s another very bullish long-term driver here.”

[Nairametrics @Nairametrics]

“If your kids aren’t learning AI… they’re already behind.”

That’s the bold truth being discussed in this conversation with Abel Aboh.

The real takeaway:
📚 Let kids learn the fundamentals
🤖 But also let them play, build, and experiment with AI

Because the future won’t reward those who avoid AI… It will reward those who master it early.

👉 Watch the full conversation on YouTube @nairametrics.tv

https://t.co/PAgMSgBWkZ

[Rufybaba @Rufyb]

Sighs...

We will geh there someday...

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Turkey's budget deficit CONTINUES TO SOAR. In the January-May period, gov't spending was up 37.4%, but revenues were up 33.9%.

NO AUSTERITY = LOTS OF INFLATION.

[Rufybaba @Rufyb]

UCAP acquires 5% stake in NGX. A really interesting one.

I know there was a time VFD and CardinalStone owned significant stakes in the NGX, before reducing their stakes.

A 5% stake is enough to get UCAP a seat on NGX’s board.

Why would a UCAP acquire 5% stake in NGX?🤔🤔🤔🤔

[BusinessDayNG @BusinessDayNg]

United Capital Group has completed the acquisition of a 5 percent equity stake in the Nigerian Exchange Group (NGX Plc), securing a significant ownership in one of the most important institutions at the heart of Nigeria’s financial system…

https://t.co/ycWG66IvRD

[Asalu Adegboyega Yinka @yinkarianstocks]

Is Conoil Financially Strong? Full-Year Results Analysis #Nigeriastockmarket #stocks #dividends #shares #ngx

[Rufybaba @Rufyb]

Opinion on SpaceX IPO

[Nigerian Stocks on Bamboo @ngnstx]

International Energy Insurance's stock closed in the red for the first time since May 15, ending a rally that had lifted the price by 183.15%.

Here's how the rest of the stock market fared today.

[BusinessDayNG @BusinessDayNg]

Tony Elumelu is set to become chairman of Seplat Energy Plc from January 2027, while the company has appointed veteran oil and gas executive Effiong Okon as its new chief executive officer, effective August 1, 2026.

The appointments, announced in a notice filed with the Nigerian Exchange Limited (NGX), mark a significant leadership transition at one of Nigeria's largest indigenous energy companies following the recent acquisition of a strategic stake by Elumelu's Heirs Energies.

https://t.co/e4WelsHCyL

[Wealth Coach Omiete @wealthcoachomi]

N1 billion spent on TIP today alone on 32 million shares and it goes on full bid at N32.15!
A year ago, only N198.4 million was required to buy this quantity of TIP at N6.20/share!
This stock will keep making many rich.

[Rufybaba @Rufyb]

You won’t find the answer if you are analysing the income statement. It’s a pure balance sheet play and it’s a tactical type of valuation you do.

There are other things happening with that stock’s price but there is also a balance sheet normalisation happening.

I wish I had the time to explain and further break it down. But my personal advice for you is to move on from the stock and focus elsewhere.

https://t.co/aCthvJVcuZ

[Steve Hanke @steve_hanke]

After adding 5 tons of gold to its war chest in March, the People’s Bank of China purchased another 8.1 tons in April.

This marks the 18th consecutive month that China has increased its gold reserves.

BUY GOLD, WEAR DIAMONDS.

[Compounding Naira @compoundinnaira]

There will always be a hot stock out there.

At one point it was Presco, then GTCO, then Insurance stocks, then Aradel and then Zenith.

What is the hot stock now? It is hard to keep up with all market activities.

[Compounding Naira @compoundinnaira]

This week, as I was selling, I was also buying!

Aradel, Dangote Cement, Okomu, Zenith, Africa Prudential are some of the usual suspects I loaded.

[Wealth Coach Omiete @wealthcoachomi]

Many do not realize that the 23% drop in the price of NAHCO yesterday from N258 to N198.65 was a result of the price adjustment due to the bonus and dividends declared by the company.
That action is technically referred to as “mark down”.
So a buying opportunity was presented, but lack of knowledge might have scared some out of it.

[Compounding Naira @compoundinnaira]

This was the order that started it all, if it wasn’t for investing, I would have spent every kobo I have put into the portfolio over the years.

If it wasn’t for investing, I would have changed cars, upgraded phones multiple times. This would have resulted in millions being wasted. Those millions sit comfortably in my portfolio today, working nonstop.

Consistently investing will change your life in many ways, some very noticeable, some not so noticeable.

[Steve Hanke @steve_hanke]

My view on why the UAE will leave OPEC on @FortuneMagazine:

"The war suddenly made job one for the UAE: ‘Pump oil today. Take the money and run,’”
https://t.co/VBoanreTKK

[Rufybaba @Rufyb]

If you want to really, really stay at the top and flawlessly eat in the financial services industry, you need to have a very solid knowledge and understanding across these four cardinals:

✑ Understanding macroeconomics
✑ Knowledge of finance
✑ Understanding how businesses work and the various types of business models
✑ Knowledge of accounting

It is like combining economics, finance, business admin, and accounting into one.