The Market Pulse

Relief for Nigeria, others as US senate extends duty-free AGOA trade pact till 2028

The United States Senate has approved a two-year extension of the African Growth and Opportunity Act, allowing eligible sub-Saharan African countries, including Nigeria, to retain duty-free access to the US market until December 2028. The measure may support Nigeria’s export prospects and related economic activity.

CBN reverses OMO restriction, opens market to local investors

The Central Bank of Nigeria has reversed restrictions introduced in 2019 on local investors’ access to Open Market Operations instruments. The policy change reopens the OMO market to domestic participants, following earlier efforts to ease naira pressure, increase real-sector lending and reduce interest rates.

CBN lifts FX, bond restrictions on banks accessing discount window

The Central Bank of Nigeria has removed restrictions that previously limited banks from accessing its Standing Lending Facility because of foreign exchange and bond positions. The change concerns banks’ use of the CBN discount window and has implications for regulated banking activity in Nigeria.

Business leaders see Nigeria attracting more UAE investment as reforms strengthen

Business leaders expect Nigeria’s ongoing financial and structural reforms to improve its prospects for attracting investment from the United Arab Emirates. The discussion focuses on deepening bilateral economic ties and increased capital inflows, without identifying specific listed companies or sectors.

FRSC calls for stronger safety standards as Nigeria embraces EVs, CNG vehicles

The Federal Road Safety Corps is seeking stronger safety standards, regulation and emergency-response capacity as Nigeria expands the use of electric and compressed natural gas vehicles. The initiative concerns the development of supporting frameworks for vehicle safety and emerging mobility technologies, with potential relevance to regulated energy and industrial activity.

This is how I divide 6 great banks in 🇳🇬NGX market into two groups based on corporate governance, dividend consistency, and structural scale, the top three choices for a 20-year hold are GTCO, Zenith Bank, and Access Holdings.

Looking on a 20-year holding period in the Nigerian

The NGX just did something worth sitting with.

Index hit a high in May.

Then June arrived and wiped out roughly ₦13 trillion in a matter of weeks, the sharpest single-day drop of the year happened mid-month.

By July, it had rebounded hard again, but not evenly.

Banking

2249001967
Samuel okechukwu ofor
Uba bank

Thank you sir 🙏
#VoteOyebamiji
@kwesike_Ilo

2249001967
Samuel okechukwu ofor
Uba bank

Thank you sir 🙏
#VoteOyebamiji
@yhemolee_

2249001967
Samuel okechukwu ofor
Uba bank

Thank you sir 🙏
@yhemolee_

What if your dream car is closer than you think?

UBA has partnered with Mikano Motors to make new vehicle ownership more accessible to eligible Nigerians through the “Drive Your Dream Today” auto financing scheme.

Customers can make an initial payment of 30%, while UBA https://t.co/eIB8QNNBeW

Deals of the day for the 12th of August 2026 @ngxgrp

236.7k units of BUAFOODS crossed at 760.6
85m units of FTGINSURE crossed at 3.02
756m units of FTGINSURE crossed at 3.03
588.2k units of HBMNG crossed at 350.0
174.9k units of NESTLE crossed 2800.0
98.8k units of OKOMUOIL

Market Wrap For Wednesday, Aug 12 2026:

🔵 The top gainers are: INTENEGINS, ETI, TRANSEXPR, CWG, CORNERST
🔵 The bottom losers are: BUAFOODS, UNILEVER, JOHNHOLT, AVACAP, AUSTINLAZ

More info on Assessworth's Market Movers Page

https://t.co/x5xpA1Wmai https://t.co/u5F0Q6zIeP

Equities Market Extends Bearish Run as NGX ASI Falls 1.12%; BDC Rate Closed Flat at N1,425/US$1

The Nigerian equities market closed mid-week trading bearish on Wednesday, August 12, 2026, extending the losses recorded in the previous session as profit-taking in large-cap stocks https://t.co/n5KSBrfB4t

Nigerian Exchange Group Board and Management met President Bola Ahmed Tinubu at Aso Villa, highlighting efforts to strengthen Nigeria’s economic framework.
https://t.co/ToZSLQW9ql

CBN relaxes discount window restrictions for FX, government securities

The Central Bank of Nigeria has removed restrictions that barred financial institutions participating in the Nigerian Foreign Exchange Market and primary government securities auctions from accessing its Discount Window. The change affects liquidity access and operating conditions for banks and other eligible financial institutions.

Nigeria’s oil production dropped 4% in July – NUPRC

Nigeria’s crude oil production declined by 4% in July, according to the Nigerian Upstream Petroleum Regulatory Commission. Despite the decrease, national output remained within the country’s OPEC quota for the third consecutive month. The update provides market-relevant information on Nigeria’s upstream oil production performance.

Q2 2026 Industry Review: Mortgage Bank Stocks Crash After Q1 Boom

Nigeria's mortgage bank sector shed N97.64bn in Q2, with combined market cap falling from N283bn to N185.35bn.

Infinity Trust lost 40.79%, Abbey Bank 26.77% and LivingTrust 25.42% as profit-takers reversed Q1

Investors on the NGX went through an involuntary frog jump between May and August, sweating out roughly ₦13 trillion in June alone.

In our August newsletter, we detail the playful market behavior that made this correction necessary.

Cover art by @sashdsgns.

Link in 🧵 https://t.co/QM2MbssXuH

Daily oil production declines 4% to 1.67mbpd in July — NUPRC

Nigeria’s daily oil production fell 4% to 1.67 million barrels per day in July 2026 from 1.74 million barrels per day in June, according to NUPRC data. Production remained above 1.5 million barrels per day during the period.