Latest from MTWI Wealth

We read the filings so you can understand the market. Practical breakdowns of the Nigerian stock market, written for investors at home and abroad with verified numbers, clear context and what to watch next.

Dangote Petroleum Refinery IPO offer in Lagos Nigeria

Featured · News

Dangote IPO opens Sept 14: window and offer terms

The Dangote Refinery IPO runs September 14 to October 13, 2026. A 10-point thread lists the offer terms, from 10-share lots to loyalty free shares. Key details.

mtwi wealth research · 10 September 2026

News

FTSE Russell confirms Nigeria Frontier Market

FTSE Russell confirmed Nigeria will return to Frontier Market from September 21, 2026 after clearing T plus 1 concerns. What the upgrade means for NGX.

mtwi wealth research · 31 August 2026

News

Naira firms to N1,337 as reserves cross $53 billion

The naira closed at N1,337 per dollar on August 28 as FX turnover fell 49 per cent, while foreign reserves rose to $53.11 billion. What the two signals mean.

mtwi wealth research · 31 August 2026

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Stock Update · SEPLAT

SEPLAT hits N16,000 all-time high as Oil and Gas Index closes at 6,252

Seplat Energy closed at N16,000 on September 24, up 7.33 per cent, with year to date gains of 175.44 per cent. How the move lifted the Oil and Gas Index to 6,252.

mtwi wealth research · 25 September 2026

News

T-bill yields fall to 2026 lows after rate cut as bids reach N4.23 trillion

CBN Treasury bill stop rates fell to 15.50, 15.80 and 15.89 per cent on September 23 as demand rose to 4.23 trillion naira after the MPR cut. How the auction priced the reset.

mtwi wealth research · 24 September 2026

News

CBN cuts MPR to 23 per cent in September after 350 basis point reset

The CBN cut its policy rate to 23 per cent on September 22 as inflation eased to 15.39 per cent and reserves reached 55.25 billion dollars. What the reset means for rates, the naira and stocks.

mtwi wealth research · 23 September 2026

Dangote Sugar refinery and sugar production line

Stock Update · DANGSUGAR

Dangote Sugar at N69 trades at 493 times earnings

Dangote Sugar closed at N69, 28 per cent below its N95.80 high, on a 493 times trailing P/E after H1 profit of N41.5 billion. Why the past and the next half.

mtwi wealth research · 31 August 2026

Person using a banking app on a phone with Central Bank of Nigeria building in background

Tutorial

How fintechs become banks in Nigeria

Many Nigerian fintechs now seek bank licences. How the CBN licence ladder works, why owning the stack matters, and what it changes for costs, deposits and.

Naren · 31 August 2026

Offshore oil platform and energy production at sea

Stock Update · SEPLAT

SEPLAT up 10% to N12,320 as Oil and Gas leads rally

SEPLAT Energy rose 10 per cent to N12,320.60 in the week ended August 28 and lifted the Oil and Gas Index 4.54 per cent. Why heavy caps set the tone after.

mtwi wealth research · 31 August 2026

Stock Update · AVACAP

AVA Capital: 59.3 per cent in a week since its

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

Dangote Petroleum Refinery in Lagos, Nigeria

News

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

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

Tutorial

Dangote Refinery IPO: what to check before the

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

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. Learn what it mea...

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. Learn what it means, w...

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. Learn what it means, ...

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

Stock Update · NGXASI

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

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. Learn what it means...

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

Tutorial

3 secrets to going from income earning to wealth

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.

mtwi wealth research · 29 July 2026

Tutorial

Rise Vest guide for Nigerians: USD managed

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.

mtwi wealth research · 16 July 2026

Dangote Cement factory and dividend payout announcement

Stock Update · DANGCEM

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

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.

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.

mtwi wealth research · 6 July 2026

Aradel Holdings oil and gas production facility

Stock Update · ARADEL

ARADEL: N835bn pre-tax profit, N23 dividend

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.