The Market Pulse

NEPL/Seplat Energy JV celebrates academic excellence as PEARLs Quiz impacts 57,000 students - https://t.co/YTL0VeKISw

Dangote Cement approves N45 dividend, targets 80m tonnes

Dangote Cement shareholders have approved a dividend of 45 Naira per share, totaling 753.8 billion Naira. The cement manufacturer also announced plans to expand its total production capacity to 80 million tonnes by the year 2030.

Nigeria escapes economic collapse, moves to stability — Finance minister

The Minister of Finance declared that Nigeria has successfully averted economic collapse and is transitioning toward macroeconomic stability following the implementation of critical reforms, representing a significant update on the national economy.

Reality: The official contractors have not been seen on site since 2024.
Instead of public funding at work, residents confirm that the ongoing grading keeping the road passable is actually being funded and executed as CSR by our local pharmaceutical giant, Fidson Healthcare Plc!

UBA names Nnorom chairman as Elumelu exits board

United Bank for Africa has appointed Emmanuel Nnorom as its new chairman. Nnorom succeeds Tony Elumelu, who is retiring from the board of directors after serving in the position for twelve years.

Dangote Cement Deepens Sustainability Drive, Targets 20% Emissions Cut

Dangote Cement Plc has announced a target to reduce its emissions by 20 percent as part of its commitment to integrate environmental, social, and governance principles into its core operations and transition toward sustainable business practices.

Elumelu quits as UBA chairman; Nnorom takes over

United Bank for Africa Plc has announced the retirement of its Group Chairman, Tony O. Elumelu, effective August 21, 2026, following the completion of his twelve-year tenure. Emmanuel N. Nnorom, a non-executive director on the board, has been appointed to succeed him.

NRS generates N21.6tn in six months amid tax reforms

The Nigeria Revenue Service reported generating 21.6 trillion Naira in the first half of 2026. This represents a 49 percent increase in tax revenue, which was driven by ongoing tax reforms and digitalization efforts across the country.

Marketers push N800/l petrol, seek import licences

Independent petroleum marketers are projecting that the retail price of petrol could drop below N800 per litre if they are granted import licences. This development comes as the Federal Government continues its push to lower pump prices across the country.

Telcos urge states to cut fibre deployment costs

Nigerian telecommunication operators have called on state governments to lower the costs associated with deploying fibre infrastructure. The operators warned that high charges and frequent infrastructure damage pose significant challenges to the expansion of broadband services across the country.

MTN Nigeria has officially restored its XtraTime airtime lending service, allowing eligible subscribers to borrow credit and data during emergencies https://t.co/1YGcEXPCOi

FCMB Asset Management earns higher GCR ratings

GCR Ratings has upgraded the national scale ratings of FCMB Asset Management, reflecting the company's strong financial performance and robust liquidity profile. This credit rating upgrade underscores the investment manager's stable operational position within the financial services sector.

IOC: Nigeria Must Legalise Oil Reforms to Retain Deepwater Investments

An international oil company executive has urged the Nigerian government to transition recent oil and gas Executive Orders into formal legislation to attract and protect deepwater investments.

Dangote Drives Global Jet Fuel Exports to Europe, Shipments Hit Record High

Dangote Petroleum Refinery's operations have pushed Nigeria's jet fuel exports to Europe to record levels in June. This development highlights the refinery's growing impact on the international petroleum market and its role in reshaping Nigeria's trade balance.

CMSA Summit: Experts Want Stronger Capital Market Reforms

Stakeholders in Nigeria's capital market have advocated for robust institutional reforms, better coordination among regulatory bodies, and increased protection for investors. These measures aim to support sustained market expansion and bolster trust in the national financial system.

NESt 2026: HBM Nigeria Plc Calls for Accelerated Climate Action, Sustainable Infrastructure Development. Bennett Oghifo HBM Nigeria Plc, formerly known as Lafarge Africa Plc, a leading Nigerian building solutions company and a member of the Huaxin... https://t.co/RNpGzySkGG https://t.co/uwBnUqFEKv

Private healthcare investment deepens as OneHealth by AXA expands specialist services

Private healthcare providers in Nigeria are increasing investments in specialist services due to rising chronic diseases and demand for quality care. In line with this trend, OneHealth by AXA has expanded its Victoria Island Medical Centre with new geriatric and optometry clinics.

Underwriter bags LUTH award for boosting voluntary blood donation

Lagos University Teaching Hospital has honored AXA Mansard Insurance Plc with the Community Hero Award. The recognition highlights the underwriter's commitment to supporting voluntary blood donation and enhancing healthcare delivery within Nigerian communities.

Gains in Dangote Cement, 53 Others Lift Stock Market by N3.2trn

The Nigerian stock market opened the trading week with positive momentum, gaining 3.2 trillion Naira. This upward trend was driven by increased buying interest in Dangote Cement Plc and fifty-three other listed equities, continuing the gains recorded from the previous session.

NESt 2026: HBM Nigeria Plc Calls for Accelerated Climate Action, Sustainable Infrastructure Development

HBM Nigeria Plc, formerly known as Lafarge Africa Plc, has advocated for accelerated climate action and sustainable infrastructure development. The building solutions provider and member of the Huaxin Building Materials Group made this call during the NESt 2026 event.