The Market Pulse

2027 Election Activities Pose Fresh Risks to Nigeria’s Economy, CPPE Says

The Centre for the Promotion of Private Enterprise has warned that preparations for Nigeria's 2027 general elections could pose risks to the economy. The think tank noted that political activities in the second half of 2026 might negatively affect fiscal management and policy implementation.

Nigeria’s Private Sector Extends Growth Streak to Six Months Despite Cost Pressures

Nigeria's private sector recorded its sixth consecutive month of growth in June despite persistent challenges like high operating costs, insecurity, and financing constraints. The findings, published in the Nigerian Economic Summit Group's Business Confidence Monitor, indicate resilient business performance amid macroeconomic pressures.

THE 20 LARGEST EMPLOYERS LISTED ON THE NGX (by Employee Count) 1. Dangote Cement – 21.42K 2. Ecobank Transnational (ETI) – 13.89K 3. First HoldCo – 10.91K 4. United Bank for Africa (UBA) – 10.82K 5. Zenith Bank – 10.40K 6. Access Holdings – 9.96K 7. Julius Berger Nigeria –

MTN is my largest holding, followed by TIP, then WAPCO, Vitafoam, Custodian and Wema Bank as my smallest.

The market downturn over the full month of June gave me the biggest shot into taking a conviction bet on my portfolio. I have just 6 stocks namely: Wapco, MTN, TIP, Wema Bank, Vitafoam and Custodian. https://t.co/XAuJX4Asnx

NEM Insurance, Custodian, Fidelity Bank top stock pick this week

NEM Insurance, Custodian, and Fidelity Bank have been highlighted as the top stock picks for the week. The selection serves as an investment guide for market participants on the Nigerian Exchange, indicating active interest in these specific equities.

Dangote Cement rewards shareholders with N753.8bn dividend, pays N45 per share

Dangote Cement Plc has announced a 50 percent increase in its dividend payout, raising it from N30 to N45 per share. This translates to a total dividend payout of approximately N753.8 billion to its shareholders on the Nigerian Exchange.

🩹 Where we got it wrong 🟢 TIP -10.9% 🟢 NASCON -10.0% 🟢 WAPCO -8.3% We share the misses too. https://t.co/MxCmG9DOQl · Not financial advice

🏆 Our best picks this week 🟢 SEPLAT +0.0% 🟢 BETAGLAS +0.0% 🟢 WAPCO -8.3% (All rated Buy at the start of the week)

MTN Nigeria Plc lost approximately 10%, or N1.7 trillion, in market value on the Nigerian Exchange (NGX) as investors exited positions amid weak sentiment https://t.co/7xK7r5iuXC #MTNNigeria

Firm Posts N49.1bn Net Profit In 2026

PZ Cussons Nigeria Plc has reported a net profit of N49.1 billion for the financial year ended May 31, 2026. The consumer goods firm attributed the turnaround to strong brand performance, pricing discipline, and operational efficiency gains, which drove a significant increase in revenue.

MTN Nigeria Plc lost approximately 10%, or N1.7 trillion, in market value on the Nigerian Exchange (NGX) as investors exited positions amid weak sentiment https://t.co/kA2lEjZR4l #MTNNigeria

MTN Nigeria Plc lost approximately 10%, or N1.7 trillion, in market value on the Nigerian Exchange (NGX) as investors exited positions amid weak sentiment https://t.co/XCuNAuzjpX @MTNNG

Firm Completes Share Reconstruction, Lists 3.23bn Shares

Fortis Global Insurance Plc has completed its share capital reconstruction and listed 3.23 billion shares on the Nigerian Exchange. The corporate action reduces the total number of outstanding shares by consolidating them into fewer units while preserving shareholders' proportional ownership.

EBRD targets $1.5bn investments in Nigeria over 3 years

The European Bank for Reconstruction and Development has announced plans to invest at least 1.5 billion dollars in Nigeria over the next three years. This target is part of the institution's strategic expansion of its operations across Sub-Saharan Africa.

@davidofug @cb_doge Airtel Africa is the mobile network operator partner. They integrate Starlink’s Direct-to-Cell satellite tech into their network across 14 markets (173M+ customers), letting compatible phones connect directly to satellites in areas without terrestrial coverage. Airtel handles

Nigeria targets green industrialisation with critical minerals roadmap

The Council for Critical Minerals Development has presented a strategic roadmap aiming to position Nigeria's critical mineral deposits as a foundation for green industrialisation. The framework focuses on converting mineral wealth into investments for clean energy manufacturing and domestic value addition to drive economic growth.

🇳🇬 UZEE STOCKS UPDATE LTD | Corporate Governance Update 🏢 PZ Cussons Nigeria Plc Appoints New Company Secretary Concluding a busy week of corporate leadership changes, PZ Cussons Nigeria has appointed Oghenekevwe Ogefere as its new Company Secretary, effective July 1. The

Manufacturers embrace local sourcing, value addition to cut import dependence

Nigerian manufacturers are increasingly turning to local sourcing and value addition to reduce their reliance on imported inputs. While this strategy aims to mitigate rising production costs, industry operators emphasize the need for lower financing costs and improved infrastructure to sustain competitiveness.

🇳🇬 UZEE STOCKS UPDATE LTD | Corporate Governance Update ✈️ Nigerian Aviation Handling Company Plc Strengthens Its Board with Finance and Legal Expertise NAHCO has announced key changes to its board as it positions itself for the next stage of growth. The aviation ground