The Market Pulse

@trigottista And stanbic bank

@Drwhales_ Gtco don't play

$MAYBAKER at 42.85 NGN. $TRIPPLEG at 2.88 NGN. Same exchange, different lunch money. One pharmacy is up 9.9%, one service name fell 10.0%. Nigeria said diversification, then picked chaos. #NGX #AfricanMarkets

Seplat Energy Plc has reported a strong financial performance for the six months ended June 30, 2026, posting a 498% surge in profit after tax (PAT) to $164 million and declaring a total interim dividend of 12.0 U.S. cents per share for shareholders.

Get ready for a 3-horse race on dividends.

Zenith v. GTCo v. FirstHoldco

🤞 https://t.co/vaRJxuTSDk

FG to end electricity subsidy from 2027

The Federal Government has announced plans to phase out electricity subsidy payments by 2027 as part of efforts to address mounting debts in the power sector. This policy shift is expected to impact sector operations, debt recovery, and overall market performance for utility companies.

Unlike Edition 17’s two-week recap, Edition 18 returns to our weekly rhythm and the market did not disappoint.

Why has First HoldCo dominated NGX activity for three straight weeks? Is Dangote Refinery moving closer to Africa’s largest IPO? And as petrol, oil and electricity

MTNN -2.35%

Good Q2 seems not impress the who is who in the NGX.

Mtnn sell 😂

#SEPLAT just printed a whale watch
🔴 Action: SELL
💰 ₦257.9M traded
📦 22.8K shares @ ₦11,300
⏰ 11:45 WAT
🔗 https://t.co/cFVHdSWDuD #NGX

Stockbrokers Back Linking of African Exchanges Amid Capital Market’s 33% GDP Contribution

The Association of Securities Dealing Houses of Nigeria supports the African Exchanges Linkage Project to enhance cross-border trading and market integration. This development coincides with the capital market contributing thirty-three percent to the national Gross Domestic Product, highlighting the sector's expanding economic influence.

Interim dividend season is here. MTN, Guinness and TIP have all announced payouts.

Don’t rush in just because of the dividend. A good dividend doesn’t automatically make a stock a good buy. Check the valuation, earnings outlook and ex-dividend price impact before investing.

Seplat Energy to sell 10% stake in joint venture to NNPC for $281m https://t.co/LOZUyaDwcb

MTNN has declared an interim dividend of ₦26 per share for 2026, payable on September 7, 2026, to shareholders registered as of August 20, 2026.

If you’re an MTNN subscriber but not a shareholder, know that every airtime or data you buy funds my lifestyle. Thank you very much😁

What dividend yield % would be impressive for you guys in the ngx? 10%? 😅

Nigeria has no plans to raise electricity tariffs, power minister says

The Nigerian government has stated that there are currently no plans to implement an increase in electricity tariffs. This decision affects the operational outlook for utility companies operating within the power sector and listed on the Nigerian Exchange.

@Iam_Misola First of all, you didn’t talk about the amount of times she was warned. Now that she is fired, she will have enough time for content creating.

Zenith bank has the right to their choice because fcmb allows it doesn’t make it right for zenith to do them same.

FG extends 2026 textbook ranking deadline to August 7

The Federal Government has extended the 2026 textbook ranking deadline to August 7, providing publishers with additional time to submit educational materials for formal assessment.

NNPC profit surges 16% in June, as crude sales hit 12-month high

The Nigerian National Petroleum Company Limited reported a 16 percent profit surge in June alongside a statutory remittance of N6.28 trillion over a six-month period, driven by higher crude sales reaching a twelve-month high.

AVA Capital Limited will officially join the Nigerian Exchange (NGX) Main Board through a Listing by Introduction, marking another addition to Nigeria’s growing financial services sector.

https://t.co/3PGQ9GxDAU

#AVAcapital