Proshare

Proshare Morning Signal The banking sector's largest deliberate recapitalisation is now complete, with the latest Tier 1 review confirming a decisive shift toward capital effectiveness as the defining metric of institutional strength. This reordering matters because balance-sheet resilience, not scale alone, will increasingly separate winners as the cycle matures.

PROSHARE MARKETS Proshare’s Fifth Tier 1 Banks Report Highlights Capital Effectiveness, as GTCO Tops FY2025 PBSI Ranking Ahead of Access Holdings and Zenith Bank; Wema Bank Debuts in Tier 1 - NGXASI Dips 0.21% Despite Positive Market Breadth; BDC Rate Appreciated to N1,420/US$1 - Nigeria’s Financial Market Offerings this Week from July 15, 2026 - CIS and ASHON Welcome S&P Dow Jones Indices' Placement of Nigeria on 2027 Frontier Market Watchlist - Stocks end higher buoyed by light inflation...

This edition of WebTV Focus, anchored by Gabriel Jude, features Mr Sola Bickersteth, Group Director, FIC Professionals Network Plc, discussing "Making Credit Accessible in Nigeria: Gaps and Opportunities." This programme prioritises households, and today we examine why the credit accessibility gap in Nigeria persists, what it means for the economy, and where the opportunities lie to build a more inclusive credit system.

The Central Bank of Nigeria presents the Notice of the 306th Meeting of the Monetary Policy Committee (MPC). Date:    Monday, 20th - Tuesday, 21th july 2026 Venue: MPC Meeting Room, 11th Floor, CBN Headquarters, Abuja

According to data released by the National Bureau of Statistics (NBS), Nigeria's headline inflation rate moderated marginally to 15.91% year-on-year (YoY) in June 2026, compared to 15.93% in May 2026. However, on a month-on-month (MoM) basis, consumer prices continued to rise, reflecting persistent underlying price pressures, particularly within the food basket.

Nigeria's capital market continues to demonstrate depth and resilience despite heightened volatility in the equities market, with investors navigating an environment shaped by elevated sovereign yields, sustained corporate fundraising, and ongoing regulatory-driven capital raising.

Snapshot 1.1 NGX – Listed Equities The Nigerian equities market closed bearish on Wednesday, July 13, 2026, reversing some of the gains recorded in the previous sessions, as selloffs in the consumer and industrial goods sectors, as well as other selected large- and mid-cap stocks, outweighed widespread buying interest, pushing the benchmark index marginally lower.

Snapshot 1.1 NGX – Listed Equities The Nigerian equities market closed bearish on Wednesday, July 13, 2026, reversing some of the gains recorded in the previous sessions, as selloffs in the consumer and industrial goods sectors, as well as other selected large- and mid-cap stocks, outweighed widespread buying interest, pushing the benchmark index marginally lower.

Proshare's fifth edition Tier 1 Banks Report, Nigerian Banks Post Recapitalisation: The Class of 2026, confirms that Nigeria's banking sector has completed the largest deliberate recapitalisation in its modern history. Public records indicate that 33 banks have been cleared and approximately N4.65trn has been raised across the system. The report's proposition is that the discriminating variable has shifted from capital adequacy to capital effectiveness.

The Dangote Petroleum Refinery has announced the transition of its commercial operations to US dollar-denominated pricing, effective July 13, 2026. Under the new pricing framework, the refinery fixed its ex-depot prices at US$0.779 per litre for Premium Motor Spirit (PMS), US$1.087 per litre for Automotive Gas Oil (AGO), and US$0.942 per litre for Aviation Turbine Kerosene (ATK). It also set the coastal delivery price for PMS at US$1,044.6 per metric tonne.