The Market Pulse

‘Nigeria’s fiscal deficit exceeds legal limit’

A report by BudgIT indicates that Nigeria's projected fiscal deficit for 2026 will exceed the statutory limit of three percent. This development raises concerns regarding the sustainability of the nation's public finances and its rising debt burden.

Nigerians yet to benefit from higher crude prices — Olatide

An industry analyst discusses how global geopolitical conflicts and shipping disruptions affect international crude oil prices, explaining the subsequent implications for Nigeria's petroleum sector and why the domestic population has yet to see tangible benefits.

61% of Nigerians demand interest rate cut ahead MPC

A new report indicates that sixty-one percent of Nigerians are calling on the Central Bank of Nigeria to reduce interest rates ahead of the upcoming Monetary Policy Committee meeting, with businesses particularly keen on easing borrowing costs.

Petrol imports jump 207% as domestic supply weakens

Nigeria's petrol imports increased by 207 percent in June 2026 amid a decline in domestic supply. The surge in imports highlights the challenges in local refining and distribution, with potential implications for the country's foreign exchange reserves and energy sector performance.

MPC Meeting: CIBN expects CBN to hold benchmark interest rate at 26.5%

The Chartered Institute of Bankers of Nigeria projects that the Central Bank of Nigeria will maintain its monetary policy rate at 26.5 percent during its upcoming Monetary Policy Committee meeting.

NEPL/Seplat Energy Deepens Inclusiveness, Empowers Over 110 Youths, Upgrades Visually Impaired Centre in Edo Communities

Seplat Energy Plc, in partnership with NNPC Exploration and Production Limited, has graduated 110 youths from its Youth Entrepreneurship Programme in Benin City. The initiative equipped participants with renewable energy skills, while the joint venture also upgraded facilities for the visually impaired at Ihogbe College.

Tiger beer relaunched with lighter taste to appeal to young consumers

Nigerian Breweries has relaunched Tiger Beer in the Nigerian market, featuring a lighter taste and updated packaging. The rebranding strategy targets younger consumers as the brewer aims to expand its market share within the competitive domestic beverage sector.

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Most Nigerians investing in stocks right now don't actually know what they own.
They know the price. Not the business.
That's not investing. That's gambling with extra steps.
We fix that. NGX, NYSE, NASDAQ — fundamentals first.
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Transcorp Power’s H1 pre-tax profit dips 6.37% to N54.99 billion, declares N1.50 dividend

Transcorp Power Plc has released its H1 2026 financial results, reporting a 6.37% decline in pre-tax profit to N54.99 billion for the period ended June 30, 2026. The utility company also declared an interim dividend of N1.50 per share.

To invest in the NGX, you will need a licensed stockbroker.

You need a Bank Verification Number (BVN), valid government-issued ID (NIN, passport, driver’s license, or voter’s card), proof of address (utility bill or bank statement), and a recent passport photo

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Jigawa Digitises Revenue Collection, Targets Leakage

The Jigawa State Government has commenced the digitisation of its revenue collection across various sectors, including markets and haulage, utilizing the payment platform of listed technology firm eTranzact to curb leakages.

In partnership with Shell and Seplat

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Transcorp Power reports resilient H1 2026 performance amid power sector challenges

Transcorp Power Plc has released its unaudited financial results for the six months ended June 30, 2026. The results indicate a resilient performance despite ongoing operational challenges stemming from recurring transmission infrastructure vandalism.