The Market Pulse

@FEhiagwina Interesting breakdown.

If ₦410bn in ex-Otedola investor spend went into NGX over that window, that's real organic demand, not just one large buyer moving the tape.

Worth watching whether that pace holds once the Dangote Refinery listing actually happens and pulls attention

Dangote refinery IPO enters final stretch ahead of October offer

Dangote Refinery’s proposed initial public offering is reported to be entering its final preparation phase ahead of an October offer, following more than two years of delays and speculation. The article focuses on how Nigerian investors should prepare before considering subscription to the offer.

Starting October, Nigeria’s certified cloud register will decide which providers can handle banks’ sensitive data

Nigeria is preparing an official certified cloud register that banks, fintechs and government agencies will use to identify technology providers authorised to host sensitive data. The measure introduces a regulatory framework for cloud service providers and may affect technology, data-management and compliance arrangements across the banking sector.

NMDPRA proposes ban on fuel price fixing in new anti-competitive regulations

NMDPRA is proposing anti-competitive regulations that would prohibit petroleum companies from coordinating fuel prices, restricting supply or sharing markets. The proposed rules target competition practices across Nigeria’s midstream and downstream oil and gas sector and could affect the regulatory environment for industry participants.

NCC Directs Telecom Operators to Provide for Cybersecurity Funds

The Nigerian Communications Commission has directed telecommunications operators to make dedicated budgetary provisions for cybersecurity under its Cyber Resilience Framework for the Nigerian Communications Sector. The measure introduces governance and resilience requirements aimed at strengthening communications infrastructure against increasing cyber threats.

Seplat Energy.

Seplat Energy is one of the few Nigerian energy companies listed on both the NGX and the London Stock Exchange.

What makes Seplat interesting is not just the stock itself, but the story behind the business.

For many years, Nigeria’s oil and gas sector was mainly https://t.co/XIlFw1LBrS

Firm Invests $20m in Power, Seeks Lower Gas Prices for Manufacturers

Coleman Wires and Cables has invested more than $20 million in gas-powered electricity to sustain operations amid high energy costs, according to its managing director. Manufacturers are reportedly diverting capital from expansion and job creation to self-generation while seeking lower gas prices and improved energy affordability.

Iran, Oman Agree On Shipping Route Through Strait Of Hormuz

Iran and Oman have agreed on a shipping route for vessels using the Strait of Hormuz and are finalising joint-management arrangements. The development concerns a strategically important energy corridor whose operating conditions can affect international crude logistics and market dynamics relevant to Nigeria’s listed oil and gas sector.

📈 NGX Update

All-Share Index closed at 244,912.24 (+0.04%)

Market Cap: ₦158.33 trillion
Investors gained N71bn
Top gainers: LINKASSURE, AVACAP, FTGINSURE

Hope you’re part of the gainers https://t.co/qPquXn62Xj

Umahi: Tinubu’s govt initiated only two new highways, others were inherited

Works Minister David Umahi said the Tinubu administration is constructing only two entirely new federal highways while focusing on completing inherited and abandoned projects. The disclosure followed an inspection of sections of the Lagos-Calabar Coastal Highway and has relevance for infrastructure-related activity and listed construction-linked sectors.

Aviation funding row deepens as NCAA engineers oppose TSC review

NCAA engineers have opposed a proposed review of the Ticket Sales Charge, warning that lower funding for the aviation regulator could weaken safety oversight. The dispute concerns regulatory financing and operational risks within Nigeria’s aviation sector, which may be relevant to investors tracking listed aviation and transport service companies.

@TheMirrorMsv Thank you Stanbic for supporting National Development 🙏

@idowumartins5 @ZenithBank Same here

@Monicanigeria I need urgent help from @Monica.

I made a transfer of ₦825,000 from my Monica account to an FCMB account several days ago, but the beneficiary has still not received the funds.

Nigerian stocks closed higher midweek, with gains in Nestlé Nigeria and other key equities lifting market capitalization by ₦71 billion as the All-Share Index edged up 0.04%. #Nigeria https://t.co/HDL7RrQhBu

The slash in dividend to 1.64 is meant to preserve capital for faster loan growth and not a change in dividend policy.
The Bank will maintain its 60% of earnings to dividends

Joshua Oigara- Stanbic Holdings CEO

Zenith Bank confirms customer data breach, says financial information remains secure

LAGOS (9News Nigeria) — Zenith Bank Plc has confirmed that it is investigating an incident involving unauthorized access to certain customers' static data, while assuring customers that the https://t.co/PR46KFkYZH

📈 WEMABANK trades at ₦29.85 (+6.23%), climbing above ₦29 for the first time since June 22.

After spending more than six weeks below this level, today's move is its strongest reclaim in weeks.

The next test is whether buyers can defend these gains into the close. https://t.co/rCk14nUa7s

@ZenithBank Auth is down https://t.co/JFdiNYhjqI

Good afternoon. Our midday coverage of the NGX will be live on youtube by 12.30pm WAT and audio platforms by 12.45pm WAT.

The daily market summary for today will go up by 9.3pm WAT across all greenticker platforms.