Proshare

The Nigerian equities market entered the second week of July with renewed conviction, reversing the previous week's correction as investors aggressively accumulated fundamentally strong banking, industrial, and oil & gas stocks. The rebound was broad-based, lifting both the Proshare Market Cap-Weighted Index (+4.86%) and the Total Return Float-Adjusted Index (+6.46%), reaffirming that the underlying bullish narrative remains intact despite intermittent profit-taking.

Ecobank Transnational Incorporated (ETI) marked the listing of its US$450m Sustainable Agriculture and Natural Capital Bond with a Market Open Ceremony at the London Stock Exchange (LSE), on Thursday, 9 July 2026. The instrument is the world's first Nature Bond issued by a commercial bank to carry the International Capital Market Association (ICMA) Nature Bond secondary designation.

The Nigerian equities market entered the second week of July with renewed conviction, reversing the previous week's correction as investors aggressively accumulated fundamentally strong banking, industrial, and oil & gas stocks. The rebound was broad-based, lifting both the Proshare Market Cap-Weighted Index (+4.86%) and the Total Return Float-Adjusted Index (+6.46%), reaffirming that the underlying bullish narrative remains intact despite intermittent profit-taking.

Nigel Farage resigned as Member of Parliament for Clacton on 7 July 2026 and announced at once that he would contest the by-election his own resignation had triggered. He did so while under investigation by the Parliamentary Commissioner for Standards over gifts he received before entering the Commons and left undeclared. Labour, the Conservatives, the Liberal Democrats, the Greens and Restore Britain have each declined to field a candidate against him.

Nigeria’s capital market has moved quickly to protect a reform it spent three years earning the right to make and address the operational concerns surrounding FTSE Russell’s review of the country’s planned return to Frontier Market status.

Market | Market Updates What to Expect from the Markets this Week – 130726 Nigeria's financial markets closed the week reflecting growing confidence in the country's reform trajectory, supported by stronger macroeconomic fundamentals, resilient liquidity conditions, and renewed investor appetite across risk assets.

CIBN Centre for Financial Studies and B. Adedipe Associates Limited, invites you to the Mid-Year Review of the 2026 Economic Outlook. Date: Tuesday, July 14, 2026 Time: 10:00 AM Venue: Bankers House, PC 19, Adeola Hopewell Street, Victoria Island, Lagos.

Nigeria's transition from a T+2 to a T+1 settlement cycle has been widely presented as a significant step towards faster, more efficient, and globally aligned capital market infrastructure. Joshua Agbroko argues, however, that settlement speed represents only one dimension of market efficiency.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has executed six strategic agreements with key industry stakeholders to advance the Federal Government's gas commercialisation and industrialisation agenda, reinforcing natural gas as a key pillar of Nigeria's long-term energy transition strategy.

The re-emergence of Middle Eastern conflict risk has added US$4 per barrel to global crude this week, lifting ICE Brent above US$76 per barrel as Strait of Hormuz transit approaches a standstill. The International Energy Agency has extended its surplus outlook into 2027, adjusting 2026 demand contraction to 1 million b/d and predicting that global supply could decrease by 3.7 million b/d due to ongoing disruptions.