Stanbic IBTC, Guinness Drag NGX Index, Investors Lose N102bn

Market Bulletin Fortis Global Insurance Plc's Debt to Equity Conversion

Nigerian Exchange — May & Baker Jumps 9.9% to 42.85 NGN as NGX ASI Falls 0.82%

May & Baker Nigeria rose 9.9% to 42.85 NGN on Thursday, July 30, 2026, defying a 0.82% drop in the NGX ASI. The move highlights pharmaceuticals as a defensive pocket in a session where 40 of 66 stocks declined.

Nigerian Exchange — Transcorp Rises 2.8% as 43 Stocks Fall, Insurers Cushion Weak Tape

The NGX ASI added just 0.06% on July 29, 2026, even as 43 of 66 tracked stocks declined. Transcorp rose 2.8% to NGN 42.00, while insurers held up better as Brent jumped to $90.93 and the naira stayed broadly steady at 1,363.11 per dollar.