Nigerian stocks dip 0.1% week-on-week as profit-taking hits industrials; NSE up 56.5% YTD
Nigerian stocks declined 0.1% last week due to profit-taking in industrial goods stocks, while the benchmark index remains up 56.5% year-to-date as of July 20, 2026. With earnings season underway, half-year financial results will drive price movements this week, especially for big-cap stocks. Premium Times highlights five fundamentally strong stocks as an investment guide (not a recommendation): UBA (NPR 11.6%, PE 5.7x, RSI 65.4), Fidson (NPR 7.7%, PE 21.3x, RSI 15.7), Wema Bank (NPR 43.8%, PE 1.2x, RSI 56.1), Cornerstone Insurance (NPR 9.6%, PE 8.4, RSI 47.9), and Aradel Holdings (NPR 68.7%, PE 8.8x, RSI 41.2). Investors should conduct independent research or consult financial advisors before making decisions, as the guide does not constitute advice.