The Market Pulse

@Mrlanterntips With faith. I will be selected

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FMDQ Exchange lists N4.46bn LAPO MFB SPV bond for microfinance sector expansion

FMDQ Securities Exchange has approved the listing of LAPO MFB SPV Plc series bond valued at N4.46 billion. The five-year fixed-rate debt instrument is intended to support expansion within the microfinance sector.

Source: BusinessDay Nigeria, 31 July 2026

AVA Capital joins the NGX Main Board via Listing by Introduction.

https://t.co/wWAiS7WcA5

To really drive this home, you have to understand how dividends and wealth creation actually work on the NGX

​When companies like GTCO, Zenith, or MTNN pay dividends, they do not care about your entry price. They pay a fixed amount per share

​If a company declares a ₦3.50 https://t.co/9gy6XCN9p8

N26 interim dividend CREDIT ALERTS coming ooooo from MTN Nigeria to shareholders.

2; good news is that MTN Nigeria profit don hit N1.09 trillion, and bad news to @PeterObi

3: PO is active NGX shareholder ooo, enjoying dividends.

-(a): He has never encouraged his followers

Appeal Court limits employers’ power to restrict former workers from new job

The Court of Appeal in Lagos has delivered a ruling regarding employers' restrictions on former employees and upheld a financial award involving MTN Nigeria.

Electricity: No tariff increase for now – FG

The Federal Government has announced that there will be no immediate increase in electricity tariffs. Minister of Power Joseph Tegbe confirmed the decision during a stakeholders engagement session in Lagos, emphasizing ongoing reforms and strategic investments aimed at improving power supply across the country.

How Nigeria’s Tax Act could unlock billions in non-oil exports

Nigeria's Tax Act 2025 is expected to impact the non-oil export sector by removing barriers, potentially affecting the financial performance and operational environment of export-oriented companies listed on the Nigerian Exchange.

Nigeria’s daily gas supply hits 2.05bcf, but falls 35% short — NUPRC

Nigeria recorded a daily gas supply of 2.05 billion cubic feet in the first half of 2026, falling short of targets by thirty-five percent. In response, the Nigerian Upstream Petroleum Regulatory Commission introduced a Gas Swap Framework to improve domestic supply and boost infrastructural productivity.

Nigeria bets on ‘super grid’ to fix Africa’s biggest power market

The federal government is pursuing a new super grid transmission framework to address infrastructure challenges in the country's power market and improve electricity output stability.

The Nigerian Exchange Group posted a record ₦14.76 billion pre-tax profit for the first half of 2026 and declared its first-ever interim dividend of ₦1.30 per share

The strong performance was driven by higher trading activity and stronger contributions from investee companies https://t.co/jZ9TMi3dUa

The National Assembly and the imperative of reforming the funding of NRS, NCS and NUPRC

Legislative deliberations regarding the funding structures of key federal revenue and regulatory bodies highlight ongoing fiscal challenges in Nigeria. These policy discussions hold implications for government revenue generation, broader macroeconomic stability, and sectors connected to national resource management and public finance.

Federal Government Plans Power Sector Infrastructure Audit To Address Tariff Shortfall

The federal government is planning a power sector infrastructure audit to address tariff shortfalls and curb rising legacy debts. The initiative aims to resolve technical issues stemming from aging infrastructure and governance challenges within the power sector.

👀 One of today's quieter stories: AVACAP made its NGX debut.

📊 Price: ₦8.25
🚀 Volume: 91.12M shares

The newly listed stock recorded ₦751.71M in traded value on its first day of trading, immediately placing itself among today's more actively traded names.

A debut worth https://t.co/ryBSRdoAlW

👀 One of today's quieter stories: AVACAP made its NGX debut.

The newly listed stock recorded ₦751.71M in traded value on its first day of trading, immediately placing itself among today's more actively traded names.

A debut worth keeping on the radar. 📊 https://t.co/E7qAiB9PLO

AVA Capital Plc has listed its entire 5,000,000,000 ordinary shares of ₦1.00 each by Introduction at ₦7.50 per share on the Main Board of the Nigerian Exchange Limited today.

Trading symbol: AVACAP

Can't seem to understand why NGX group, HBM and now MTN dropped in prices after their fantastic results and generous dividends declared. Meanwhile, Chams that their result was disappointing closed higher. https://t.co/yOMyTpaYS9

NUPRC strategise to close gas gap as domestic supply performance hits 65%

Nigeria's average Domestic Gas Delivery Obligations performance reached 2.05 billion cubic feet per day year-to-date as the Nigerian Upstream Petroleum Regulatory Commission implements strategies to address supply gaps in the energy sector.

AXA Mansard H1 pre-tax profit rises to N8.41 billion on stronger underwriting

AXA Mansard Insurance Plc reported a pre-tax profit of N8.41 billion for the six months ended June 30, 2026, representing a 9% increase compared to the corresponding period in 2025, supported by improved underwriting results.

EKEDP cuts ATC&C losses to 19.7% as Senate backs reforms

The Senate Committee on Privatisation commended Eko Electricity Distribution Plc for improving operational performance and reducing losses. The committee also promised to address challenges regarding government debts and transmission constraints with the Minister of Power during an oversight visit.