₦airaland Forum

Full Market Cycle Breakdown: How Liquidity Collapse and Distribution Shaped NGX in May 2026



The Nigerian stock market in May 2026 presented a textbook example of a full market cycle, transitioning from momentum-driven expansion to liquidity collapse, followed by distribution, a failed recovery attempt and eventual return to a risk-off environment.

While the Nigerian Exchange Limited All-Share Index (ASI) closed the month marginally higher at 250,385.47 points, up 0.27 percent week-on-week at the end of the final trading session, underlying data reveals a structurally weak market dominated by declining liquidity, selective gains and sustained institutional selling pressure. Continue in the link below...

https://investorsking.com/2026/06/01/full-market-cycle-breakdown-how-liquidity-collapse-and-distribution-shaped-ngx-in-may-2026/

Because Jesus lives, he lives in Jesus name.

ElevationD:
This is the first of such judgements by a state high court to my knowledge. How the judge hurriedly passed the judgement, wanting the woman to pay one billion beggars belief. It is true that if not properly handled, Bello can get an order of the court to seize her properties. However, knowing Senator Natasha, she will not pay one dime. Next is the appeal court and Supreme Court.

The appeal already threw the case out for lacking merit. She will lose everywhere. It was an Arise TV interview. It can't be defended.

shortgun:
A very anyhow reckless judge.
The amount is excessive, the court of appeal will do the needful

Una no dey read? Appeal threw the case out for lacking merit.

Kingray10:
And Us will claim there's no casualty.
The way us is hiding the death and casualty of their military needs to be studied

No body died. It was a successful operation and they likely destroyed the aircraft themself. You cann see the shadow of the person taking the picture of the destroyed aircraft, he won't be able to do that under distress.

Chivisee:
Joking aside, this thread is an evident that most Nigerians lacks awareness, what you should be discussing now is “ shettima/ wike or ribadu / wike coming 2031!

Don't mind them. You want to win Tinubu with 31 APC active governors (state).

sulaak:
It is very hard to attract investment in energy, especially in Africa, due to the high risks and unstable governments.

I am not a fan of the Tinubu government, but the fact that he has attracted nearly $50 billion in investments is a small positive.

Nigeria need to develop LNG plants in Ondo (OK), Bayelsa (Brass) and the South East. LNG and Solar/Battery will be the energy of the long-term future.

He has done some good things but the $50 billion is largely investment commitments. Actually, investments would help job creation and deepen economic productivity.

Blackdisciple:
Yet Nigeria is an oil producing country.

Imagine Iran, Venezuela etc importing crude oil...

Who do us pls ..?

We have massive crude oil reserves but low production because of weak investment in our energy sector. All the debts and contracts are not big, for instance, Afreximbank crude oil for loan is just $3.3 billion at 90,000 per day crude oil refund policy for five years. However, Dangote alone imported $3.74 billion worth of crude oil in one year.

Also, our crude oil production is very low. Saudi is doing about 11 million per day, we doing about 1.5 million per day. Even Iran in war is doing about 4 million barrel per days. It is important to note that while it cost Saudi $4 to produce a barrel, its cost Nigeria between $25 to $48. Just imagine crude oil was $55 - 68 per barrel for over 4 years before the war, our profit margin is very low and equipments are old.

We need genuine investments in that sector to up production. We have massive gas too but low to zero investment. Nobody is taking us serious and also I don't trust those foreign companies leading our exploration, how is it costing us that much to produce a barrel?

Godfullsam:
I wonder why dangote is still importing crude oil and Nigeria is still exporting crude oil at the same time.

Why can the Nigerian government sell enough crude to dangote?
It will be a win - win game since they are selling to him at the international rate and it will ease the pressure on dollar.

Nigeria has contracts and debt obligations that must be fulfilled. We have borrowed in exchange for crude oil and you can't just breach contracts because your local refinery is operating.

CodeTemplar:
You are deeply ignorant of the dynamics of money/economics.

Teach me.

CodeTemplar:
devaluation contributed in no small measure.

That is a pure lie. Devaluation hurt them, a lot of them lost money. Please, these are local companies that operates in Naira, not dollar. Devaluation devalues them for them to have bounced back and this profitable the economy is revamping...

Afrobasic:
Why not? When you devalue the currency more companies become trillion naira companies.

This is all semantics by the way. Just like saying Zimbabwean companies are septilion Zimbabwean dollar companies.

You can only fool the foolish.

When you devalue the currency. The value of businesses go down not up, they are operates in local currency, not foreign currency.

Olu1000:
His weekly pay is very low ! How can he earn 10 million Euro over four years ! Thats basically 50k euro per week.or is it 10 million euro per year?

The money is likely per year, since onefootball already said at least €7 million per year.

drignet:
A country with the highest oil and gold reserves poor?

Which oil? It is too heavy. Refiners have been avoiding it for a long time. Even refiners in USA are saying Trump does not understand that the oil cost more to refine unlike Saudi Arabia light oil, Nigerian Brent, other top global oils.

China is their largest oil importer and dropped like 35% of its lifting in the last few years to take more of Arab oil.

Meedon:
You believe those nursery tales? 🤣🤣🤣🤣
You lots are little kids when it comes to religious matters. You lots need to think deep

Mature man with sensation everywhere. You better go and treat yourself before the devil killing your mind finish you.

Meedon:
You think it is because he donates them that he became rich? What does wealth have to do with donating those books?

What about seyi Tinubu that is busy donating bible up and down.

What about Pharaoh, Nebuchadnezzar, Solomon etc. The devil also gives wealth. Choose your source.

Meedon:
He donates it to keep people docile. There is nothing new in that

No. It was to acknowledge God as the lifter of men. Didn't he get even richer the following year? Over $600 billion.

jiggyman:
Lmaoooooo! I dare you to post the link!

https://leadership.ng/elon-musk-christ-embassy-collaborate-to-spread-the-gospel/

the official video of the announcement is on Christ Embassy page. Because you are not an informed person does not mean it didn't happen.

BAILMONEY:
BIBLE IS THE MOST ILLOGICAL AND INCONSISTENT HISTORY BOOK IN THE UNIVERSE

A natural man can not receive things of the spirit because they are foolishness unto him, neither can he know it because they are spiritually discerned. 1 Corinthians 2:14

jiggyman:
The richest men in the world arent Christians.

Your logic is shii!

Salah the best player to ever play in epl is a Muslim

Elon Musk was the largest donor of Rhapsody of Reality. Dey deceive yourself.

Sensiblerealist:
Is Alhaji being petty or what! He should be borrowing a leaf from the playbook of his friend, Otedola instead. Set up a sting operation and catch him will enough evidence. This one one now dey show some kind pettiness. The guy sef don make enough before in the corporate world and government to potentially be able to afford sending his kids to such schools.
We dey here dey observe sha

And these are not evidence? He won't post the rest until court. He even said in an hausa interview that he was willing to sue the schools if they denied. He has payment report. Alhaji na small boy to you

NGX Halts Losing Streak as Market Rebounds Mildly Over Two Sessions - https://investorsking.com/2025/11/28/ngx-halts-losing-streak-as-market-rebounds-mildly-over-two-sessions/

Greif Nigeria Plc to Distribute ₦399.95m to Shareholders Following Completion of Liquidation - https://investorsking.com/2025/11/27/greif-nigeria-plc-to-distribute-₦399-95m-to-shareholders-following-completion-of-liquidation/

Kukutente23:
People going to banks to do FX transactions will not improve forex supply for BDCs. The report is about a drop in supply for BDCs not drop in demand.
You are mixing things up

You don't understand how the forex market works. The BDC operators have been accused of hoarding the greenback and subsequently using their forex allocations to speculate market.

This practice has been blamed as one of the bane of Nigeria's foreign exchange challenges. Hence, why the CBN took that power from them by cutting their supplies. They should go and source for their forex and do whatever they like with it.

People can now approach banks and access forex at the official rate. Since that has been done, is forex not now stable?

Kukutente23:
If true expect the black market and official rates to begin to diverge sharply in the coming weeks

How? It has been like this for a long time. It is the reason we have a stable exchange rate. People should go to the bank and do their FX transactions.

ChizzyBuna:
People asking God for worldly things

Instead of asking God for the gift of wisdom. Prosperity and productivity.
They are demanding laptop. Iphone 14 , car keys, latest new wigs.

Pastors are very very smart. They milk the guillabilty of the masses and turn into massive profits.

They monetize their YouTube and start challenge and millions view it
While the pastors cash out in millions of traffic and views on their video.

They made desperate evening newspapers and tell them to dress like brides

Over 700k desperate Nigerian women alone will generate you cool YouTube money


Respect pastors. The are very smart hustlers

Seun, this shouldn't have been moved to the front page. This is a very sensitive religious topic.

FreeStuffsNG:
It's true although I he kept quiet until the true owner revealed it to the media. That puts a dent on him as trying to reap from the loss of his benefactor. Classic 'anything for the gram' or to trend myopic mentality. Smh.

SaharaReporters actually reported the error while other media houses did not do proper investigation before sharing the fake news.
It's a reminder that you should not believe everything you read from the media.

I believe it is because most media organizations don't send their staff to the actual scene and those sent could be lazy so they relay too much fake news.

This is why media regulation, including social media is required.

What are you saying? Was it not his showroom that was demolished with his name on it? Rented or not, it was his showroom and certain damage was inflicted.

SmartPolician:
How does Forbes determine these things? I am 100% certain that these people didn't disclose their earnings to anyone because rich people, probably because of safety concerns, don't like discussing their wealth.

Given what the media has made us believe, there are people who are by far richer than these folks who made the list but they are silent kingmakers who don't want the world to know them. We have been told they are the biggest problems in our world

You can not be a billionaire in dollars in silence, except you are a fraud. The money is not cash, you can't even have it in cash but in companies, which are generally listed and can be accessed by everyone. You can be rich in silence but not a dollar billionaire.

GanagiBitrus:
If it was truly a clear breach of contract on the part of Atalanta, don't you think Lookman would have taken them to court straightaway, instead of waiting for Drogba to file a petition?
Or instead of declaring on the other thread that he will not play for Atalanta again.

There are reports that Inter has not met the price tag on Lookman. & also Atalanta not willing to sell him to a rival club.

And why are they not taking him to court?

GanagiBitrus:
Never easy for a player to force a transfer, when his contract has not ended.
Especially to a rival club.

I applaud Drogba for his solidarity but I think settling the matter should involve Dialogue & Negotiations rather than Petitions.

They had an agreement before he extended and they breached it. So he has the right to force exit since they have defaulted on their part.

FunkyJustice:
If you are not moving fast with them they will make you to, they will say you have pride

The truth is some people move fast because others are doing, even if they just want to buy groceries nearby

It's pathetic

That is what you think but everyone is rushing to pay BILLS.

ogaemma:
And some brainless clueless person was asking me what is the Legacy of Charlie Boy.

so to use reigning artists to promote your show is Legacy? Continue...