The Market Pulse

@grok what’s happening with BUACEMENT on NGX?

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🔵 SEPLAT — Quarterly dividend expected Q3 and Q4

Analysts are also projecting the NGX will deliver another 24.9% return in the H2 2026, with banks, telecoms and energy stocks leading.

So you are looking at potential capital gains AND dividend income in the same window.

Here is what history tells us is coming in Q4 based on previous years:

🔵 ZENITH BANK — Interim dividend expected Oct/Nov
🔵 GTCO — same Oct/Nov
🔵 UBA — same Oct/Nov
🔵 STANBIC IBTC — same Oct/Nov
🔵 ARADEL — Second interim dividend expected Oct/Nov

Dangote Cement alone is paying ₦45 per share.

Own 10,000 shares? That is ₦450,000 landing in your account.

Own 100,000 shares? ₦4.5 million.

Straight to your account.

This is not speculation. These are already confirmed and filed with the NGX.

But July is just one month.

.@BuaFoods paid ₦28 per share in dividends today.

That is not a typo.

₦28. Per share.

And July is just getting started. Here is every company paying Nigerian investors this month and what is still coming in H2. 🇳🇬💰🧵 https://t.co/4321icnw9g

NCC moves to cut data costs for digital learning, engages telcos, schools

The Nigerian Communications Commission is collaborating with telecommunications operators, educators, and key stakeholders to develop a regulatory framework aimed at reducing data costs for digital learning across Nigeria.

M.I Abaga, Femi Aluko Join UBA Conversation on Africa’s Startup Ecosystem

United Bank for Africa Plc is hosting a panel discussion focused on building technology businesses in Africa. The event features music entrepreneur M.I Abaga, Chowdeck co-founder Femi Aluko, and venture capitalist Ashim Egunjobi discussing practical consumer needs in the startup ecosystem.

The possible Dangote Refinery IPO could be one of Africa’s biggest public listings, attracting local and foreign investors while boosting activity on the NGX.

It’s still awaiting regulatory approval, so watch for official announcements.

Could this be the biggest investment https://t.co/L4cgI2th7i

FG advocates local cocoa processing to end raw bean export

The Nigerian government plans to expand domestic cocoa processing and manufacturing to boost export earnings and retain economic value. President Tinubu emphasized that stopping raw cocoa bean exports will help generate local employment and maximize the country's revenue from this key agricultural commodity.

Nigeria Grants Shell $11.50-a-Barrel Tax Credit to Unlock $20 Billion Bonga Investment

The Nigerian government has offered Shell and its partners an $11.50 per barrel tax credit for the Bonga Southwest Aparo deepwater project. This fiscal concession aims to unlock a $20 billion investment by making the undeveloped offshore asset commercially viable.

Air Peace blames NAHCO for aircraft damage, warns of flight disruptions

Air Peace has blamed Nigerian Aviation Handling Company (NAHCO) for damaging one of its Airbus A320 aircraft. The incident, involving a ground handling vehicle, has rendered the aircraft unserviceable and is expected to cause operational adjustments and flight disruptions.

NERC Proposes Policy Meetings To Deepen Regulatory Harmonisation In Power Sector

The Nigerian Electricity Regulatory Commission has proposed policy meetings to enhance regulatory harmonization and strengthen technical expertise across subnational regulators in the power sector, highlighting the need for adequately staffed institutions.

Expert urges FG to strengthen crude-for-naira policy

An energy expert has called on the Federal Government of Nigeria to strengthen its crude-for-naira policy to support the local currency. The expert also expressed concerns regarding the pricing of Dangote petrol in United States dollars rather than the local currency.

UAC reshuffles board, appoints investment director to UPDC

UAC of Nigeria Plc has reshuffled its board of directors and appointed an investment director to UPDC Plc. The board restructuring aims to strengthen corporate governance across the group's operating companies and support its long-term growth plans.

Airtel Money Targets $10 Billion Valuation in Planned London IPO

Airtel Africa is expanding its team of investment banks ahead of the proposed London initial public offering of its mobile money business, Airtel Money. Planned for the second half of 2026, the listing could value the unit at approximately $10 billion and raise up to $1.5 billion.

Five crops, fifty industries: The blueprint for Nigeria’s next industrial economy

The Nigerian government is implementing an industrial blueprint focused on leveraging five agricultural crops to power fifty domestic industries. This strategic plan aims to drive economic diversification, boost local manufacturing, stimulate rural economies, and attract significant investments into the nation's agricultural and industrial sectors.

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Q2 2026 investment returns: Where investors should position for H2

A review of Q2 2026 investment returns shows strong gains in the equity market during the first half of the quarter, followed by a major sell-off in June. The analysis provides strategic insights for investors positioning themselves for the second half of the year.

UAC Nigeria Appoints Adebolanle Badejo to UPDC Board

UAC of Nigeria Plc has appointed its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc. The appointment, effective July 13, 2026, is part of a corporate restructuring aimed at strengthening portfolio governance.