Latest from MTWI Wealth

We read the filings so you can understand the market — practical breakdowns of the Nigerian market for investors at home and abroad.

Dangote Petroleum Refinery in Lagos, Nigeria

Featured · News

Dangote Refinery files with SEC: up to $5bn IPO in sight

Dangote Refinery has formally filed its IPO application with the SEC, targeting about $5 billion, a scale Africa has not seen. Here is what happens next.

mtwi wealth research · 10 August 2026

Stock Update · NGXASI

NGX breadth check: 26 gainers, 63 losers, ASI at 245,573

The All-Share Index closed at 245,573.60 after a week in which losers outnumbered gainers almost three to one. What narrow breadth means.

mtwi wealth research · 10 August 2026

Tutorial

A guide to trading US and Nigerian stocks on Bamboo

A complete 2026 guide to downloading the Bamboo app, passing KYC, funding your wallet with Naira, and buying your first US or NGX stock.

mtwi wealth research · 15 June 2026

What's new

Browse by topic

Stock Update · AVACAP

AVA Capital: 59.3 per cent in a week since its NGX listing

AVA Capital listed by introduction on July 31 at N7.50 and closed the week 59.3 per cent higher. The moves, the volume, and the small-cap risk.

mtwi wealth research · 10 August 2026

Central Bank of Nigeria headquarters in Abuja

News

CBN holds MPR at 26.5 per cent as inflation cools

The CBN held its policy rate at 26.5 per cent on July 21 as June inflation eased to 15.91 per cent. What the hold means for savings, loans and the naira.

mtwi wealth research · 10 August 2026

Tutorial

Dangote Refinery IPO: what to check before the offer opens

The $40 billion valuation, the $5 billion raise, currency exposure and offer mechanics. A due diligence checklist for the Dangote Refinery IPO.

Naren · 10 August 2026

Stock Update · FCMB

FCMB: the 13.1 per cent weekly rally and the volume story

FCMB closed the first week of August up 13.1 per cent, among the NGX's best banking performers. The session data and what drove the demand.

mtwi wealth research · 10 August 2026

Stock Update · FIRSTHOLDCO

FIRSTHOLDCO: to N145.40 and a fresh 52-week high

First HoldCo led the FUGAZ rebound, closing Friday at N145.40 after touching N150, above its 52-week high. What is driving the demand.

mtwi wealth research · 10 August 2026

IPO prospectus and application documents

Tutorial

How to participate in an NGX IPO: the full process

What an IPO is, how the offer period works, how to submit an application through a broker or issuing house, and what happens on allotment and listing day.

Naren · 10 August 2026

Stock Update · NGXINS

Insurance index selloff: CHI, SUNU and the retreat

The NGX insurance index fell 3.31 per cent in the first week of August, the worst sector show, as CHI and SUNU saw heavy profit-taking.

mtwi wealth research · 10 August 2026

Tutorial

What the CBN's MPR and CRR mean for your money

The monetary policy rate and cash reserve requirement shape saving, lending and market rates. What they are, and where they stood after July 2026.

Naren · 10 August 2026

News

Naira FX gap falls below 2 per cent: the numbers

The CBN says the spread between official and Bureau de Change naira rates is now below 2 per cent as reserves top $52.5 billion. The data behind the claim.

mtwi wealth research · 10 August 2026

NNPC Limited headquarters in Abuja, Nigeria

Tutorial

Your pre-IPO checklist for the NNPC listing

The NNPC Limited listing is coming, on a 2028 roadmap. How to prepare: official channels, disclosures, accounts, and comparable listings to study.

Naren · 10 August 2026

3 secrets to going from income earning to wealth building, free masterclass

Tutorial

3 secrets to going from income earning to wealth building in 2026

We are past the halfway mark of 2026. If your income is still your only source of money, this post is for you. Join our free masterclass this Friday 6pm to 7pm WAT to learn the three secrets to real wealth building.

mtwi wealth research · 29 July 2026

Tutorial

Rise Vest guide for Nigerians: USD managed portfolios explained (2026)

What Rise Vest is, how its three managed plans work, the sign-up process, fee structure, and how to fund and withdraw from this SEC-licensed digital wealth manager.

mtwi wealth research · 16 July 2026

Stock Update · DANGCEM

DANGCEM pays ₦753.8bn dividend — 50% year-on-year increase

Dangote Cement paid ₦45 per share on July 2, 2026, delivering a record ₦753.8 billion total payout and rewarding shareholders with a 50% increase over the prior-year dividend.

mtwi wealth research · 6 July 2026

News

H1 2026 dividend roundup: who paid what on NGX

Over 25 NGX-listed companies distributed dividends in the first half of 2026. We break down the notable payers by sector — from Dangote Cement's record ₦753.8bn payout to the banking sector's GTCO and Zenith distributions.

mtwi wealth research · 6 July 2026

Stock Update · ARADEL

ARADEL: N835bn pre-tax profit, N23 dividend — tracking the Oil & Gas leader

Aradel Holdings delivered N835bn in pre-tax profit with 1,200% revenue growth over 5 years. At ₦1,417.50, the stock leads the Oil & Gas sector at +111% YTD.