The Market Pulse

@MekaOjukwu if they have just one solid moat that M&B and FIDSON can’t compete with, then yes

Beta Glass Plc Holds 52nd AGM, Outlines Strong Growth Trajectory Backed by Board Renewal and ₦37.5B Revenue Performance

Beta Glass Plc held its 52nd Annual General Meeting in Lagos, highlighting its transition under a new ownership structure, a board renewal, and a revenue performance of ₦37.5 billion.

Reps panel seeks special court to tackle crude oil theft

The House of Representatives has proposed establishing a special court to expedite the prosecution of crude oil theft. This legislative initiative aims to curb economic sabotage and boost Nigeria's oil revenue, which could positively impact the domestic oil and gas sector.

Electricity meter installations hit 357,495 in Q1 2026, highest deployment in five quarters

Nigeria's electricity distribution companies installed 357,495 meters in the first quarter of 2026, representing the highest deployment in five quarters. This development highlights ongoing efforts to bridge the country's metering gap and improve power sector efficiency.

FG clears ₦39.63bn pension liabilities

The Federal Government has cleared ₦39.63 billion in outstanding pension liabilities for retired public servants. The payment is aimed at resolving legacy retirement obligations and ensuring pensioners receive their benefits.

Nigeria’s $1tn economy hinges on bankable projects, not funding shortage – Uzoka-Anite

The Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, stated that Nigeria's aspiration to achieve a one-trillion-dollar economy is limited by a shortage of bankable projects rather than a lack of investment capital.

Supreme Court voids First Bank’s FPSO crude arrest, orders handover to GHL

The Supreme Court has overturned the arrest of crude oil linked to General Hydrocarbons Limited aboard the FPSO Tamara Tokoni, which was initiated by First Bank of Nigeria. The apex court ordered the immediate handover of the crude to General Hydrocarbons Limited.

Wema Bank begins hackaholics 7.0 nat’l pitch tour at UniUyo

Wema Bank has commenced the national pitch tour for the seventh edition of its Hackaholics startup competition at the University of Uyo. The initiative is designed to discover and foster innovative digital solutions across Nigeria.

Reps Panel pushes tougher penalties, special court for crude oil thieves

The House of Representatives Special Committee on Crude Oil Theft has proposed a comprehensive review of Nigeria's oil laws, advocating for tougher penalties and a special court to prosecute offenders to safeguard the country's oil production and economy.

Naira holds firm as CBN support, stronger FX flows offset liquidity squeeze

The Nigerian naira showed resilience in June, appreciating slightly against the US dollar. This stability was supported by Central Bank of Nigeria interventions and stronger foreign exchange inflows, which helped offset the impact of tighter domestic liquidity conditions.

Breaking: SEC grants approval-in-principle to 7 crypto firms under regulatory sandbox

The Securities and Exchange Commission has granted approval-in-principle to seven digital asset firms under its Accelerated Regulatory Incubation Programme. This regulatory expansion aims to formalize oversight and advance digital asset integration within the Nigerian financial services ecosystem.

It’s a wrap for H1 2026. So how did the NGX perform? Here are the top gainers and losers on the exchange these past 6 months 👇 https://t.co/OkexIeJzU4

Xenophobia: MTN Nigeria belongs to Nigerians, not South Africa alone — Toriola

MTN Nigeria's chief executive officer defended the federal government's approval of telecommunication tariff adjustments, noting that the decision prevented financial collapse. The policy enables the company to project a capital expenditure of approximately N1 trillion in 2025 to enhance network quality.

King Amakree, GSS Gboko crowned champions as 26th MILO Basketball Championship ends in style

Nestlé Nigeria Plc managing director Wassim Elhusseini has presented trophies and cash prizes to King Amakree and GSS Gboko, the newly crowned champions of the twenty-sixth MILO Basketball Championship, highlighting the consumer goods company's ongoing youth sports development initiatives.

Dangote Refinery says petrol prices don’t track daily crude oil prices

Dangote Petroleum Refinery has clarified that its petroleum product pricing does not directly align with daily fluctuations in global crude oil benchmarks, explaining why domestic pump prices do not immediately decrease when international oil prices fall.

🚀 NGX Green Board Recap - Thursday, July 2, 2026 The bulls stayed active with strong performances in select stocks! Top Gainers: • FTGINSURE +260.61% (standout move) • LEARNAFRCA +10.00% • AUSTINLAZ +10.00% • DAARCOMM +9.49% • UPDC +9.09% • CAVERTON +8.51% Market breadth https://t.co/tygdkazB2i

Digital finance hit: OurPass, Casha, Sycamore among 46 MFBs shut down by regulator

The Central Bank of Nigeria has revoked the operating licenses of forty-six microfinance banks, including several prominent digital finance and fintech platforms such as OurPass, Casha, and Sycamore, amid heightened regulatory oversight of the country's financial services industry.

Fiducia partners MTN Nigeria to unlock supply chain finance for businesses

Fiducia has partnered with MTN Nigeria to expand access to supply chain finance for businesses. The strategic collaboration aims to unlock funding opportunities and improve liquidity across the telecommunication company's business ecosystem.

💹NGX Equities Snapshot - July 2, 2026 All Share Index - 224,637 (-0.47%) Value Traded - N28 Billion Market Deals - 51,267 Volume of Shares Traded - 838,594,466 Total Equity Market Cap – N144.1 Trillion Follow @vantarhq for daily market updates & learn more at

Tinubu commissions 6,000 metric tons per day lithium processing plant in Nasarawa

President Bola Ahmed Tinubu has commissioned a 6,000 metric tons per day lithium processing plant in Nasarawa State. Described as the largest facility of its kind in Africa, the plant represents a significant development for Nigeria's solid minerals sector and local industrial capacity.