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At Proshare, the focus is not simply on breaking news. By the time many developments enter the public news cycle, informed market participants may already have assessed their implications and begun to act. Our responsibility is to move beyond the announcement and examine the meaning, context, consequences, risks, and opportunities arising from each development. We provide independent, data- and evidence-backed analysis that helps audiences understand what has happened, why it matters, who may be affected, and what could follow. Proshare does not prescribe a single perspective. We present the facts, test the claims, interrogate the numbers, identify the underlying issues, and provide the analytical context required for informed judgment. Our audiences retain responsibility for forming and expressing their own perspectives. The value of information lies in its practical application. Our work is designed to support better decisions by investors, businesses, regulators, policymakers, professionals, and the wider public. Insight must ultimately lead to informed action. Execution is the goal. - 'FA (@OlufemiAwoyemi)

How Nigeria Should Navigate Global Disruption and Unlock Value in H2 2026 - Dr Ayo Teriba In a timely Economy and Politics episode on @webtvnigeria, @Ayoteriba, CEO of @Econassociates, shares his read on inflation, monetary policy, and economic strategy for H2 2026. He also makes the case for leveraging national data to address socio-economic challenges and for financialisation as a tool to unlock value from Nigeria's public enterprises and assets. proshare.co/articles/niger…

UAC Restructures Board, Appoints Adebolanle Badejo as Group Investment Director to UPDC proshare.co/articles/uac-r…

African Alliance Insurance Reconstitutes Board, Appoints Ayobami Ogunkeye as Managing Director proshare.co/articles/afric…

The Nigerian Markets at a Glance 14th July 2026 Visit our Data Hub via proshare.co/stocks for more market information.

Equities Market Rebounded From Its Two-Session Losses as NGXASI Advanced 0.46%; BDC Rate Closed Flat at N1,425/US$1 The Nigerian bourse turned bullish on Tuesday, July 14, 2026, rebounding slightly from losses recorded over the previous two sessions, as renewed buying interest in the banking and insurance sectors, as well as other selected large- and mid-cap stocks, outweighed selloffs, pushing the benchmark index marginally higher. proshare.co/articles/equit…

"Capital project financing should not be sacrificed on the altar of Inflation." Dr. Ayo Teriba, CEO of @Econassociates, argues that with stronger regulatory oversight, this massive pool of local capital could be safely unlocked to finance critical domestic capital projects rather than leaving Nigeria dependent on foreign debt. Watch full video: youtu.be/iaGN_SjzQz0

Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – July 14, 2026 Closing Rate - N1,383.08 BDC Rate - N1,425 GBP Rate - N1,895 EURO Rate - N1,600 CAD Rate - N980 YUAN Rate - N204 Compare more currencies at proshare.co/ExchangeRates Visit our Data Hub via proshare.co/stocks for more market information.

Nigeria's economy shows signs of recovery. The @cenbank Composite PMI climbed to 50.1 in June 2026 (from 49.6 in May), returning to expansion after two months of contraction. Agriculture led the way at 52.1 points, its 23rd straight month of growth. Services (49.4) and Industry (49.5) improved but stayed just below the expansion line. Faster supplier deliveries and a modest pickup in new orders point to stabilising conditions. But with renewed geopolitical tensions, high energy costs & soft demand, the outlook stays cautious. Read more: proshare.co/articles/compo…

Nigeria's pension industry continues to deepen its role in the domestic financial market, with total pension assets surging 30% YoY to ₦31.3tn, driven by sustained contributions, rising enrolment, and strong investment returns. While FGN securities remain the largest asset class (56% of AUM), pension fund managers are increasingly diversifying into equities, with equity holdings jumping 136% YoY to ₦6.5tn and now accounting for 21% of total assets. Cc: @NaicomNG proshare.co/articles/niger…

.@RegencyAlliance Signs Private Placement Agreement to Strengthen Capital Ahead of @NaicomNG Deadline proshare.co/articles/regen…

Nigeria runs on enterprises that its financial system cannot see. The @NBS_Nigeria places informal employment at 93.0% of the employed population, and the SMEDAN and NBS MSME survey counts 39.65 million micro, small and medium-sized enterprises contributing 46.32% of gross domestic product. That is the market @moniepoint told the LBS Breakfast Club is being priced as charity when it should be priced as commerce. Speaking at the @LBSNigeria (LBS) Breakfast Club on 3 June 2026, Tosin Eniolorunda, Group Chief Executive Officer of Moniepoint Inc., told corporate Nigeria that the country’s largest commercial opportunity sits among the traders, artisans, transport operators and small businesses that carry the informal economy, and that the segment should be priced as a market rather than as a corporate social responsibility constituency. Moniepoint reports processing N412trn in payment value in 2025 and disbursing more than N1trn in MSME credit. Payment value is the aggregate monetary value of transactions moving across its infrastructure, and it is not revenue, deposits, assets or profit, a distinction that matters when the same figure is used to argue that the segment is bankable. The constraints facing millions of microenterprises remain in place, including thin credit files, unreliable identity records, limited insurance cover, weak consumer protection and costly last-mile distribution. Moniepoint’s argument is that these define a market design problem rather than an absence of demand. For investors, the open question is whether behavioural underwriting survives a full credit cycle. For banks and insurers, it is whether distribution can be rebuilt around agents and market associations. For regulators, it is whether identity, consumer protection and credit information infrastructure can keep pace with the balance sheets now forming at the base. In this review, we test the presentation’s central claims against the public record, separate what is verified from what rests on company statement, and set out what the evidence means for corporate Nigeria. proshare.co/articles/monie…

At sixty-one, @collinsnweke reflects on a life shaped by public service, migration, leadership, diplomacy, family and the enduring value of human connection. His account moves beyond the customary celebration of milestones to examine the character, relationships and opportunities that give achievement its wider meaning. Drawing from his journey from Nigeria into Belgian public life, international policy, economic diplomacy and mentorship, Nweke presents bridge-building as both a personal philosophy and a public responsibility. He writes with gratitude for the institutions and individuals that shaped him, while acknowledging the growing importance of humility, usefulness and the ability to help others travel farther. This reflective essay is neither a catalogue of accomplishments nor a conventional birthday tribute. It is a considered statement on legacy, service and the continuing work of connecting people, ideas, generations and societies. proshare.co/articles/the-m…

Nigeria in 1min: Economic, Business and Financial Market Headlines – 14th July 2026 Nigerian equities open the week on the back foot, with the @ngxgrp All Share Index shedding 0.84% as profit taking across industrials and banking trimmed N1.31trn from market value. The pullback reflects a rotation from broad momentum toward selective conviction rather than a loss of confidence in strong fundamentals. Liquidity remains ample, with overnight funding volumes reaching N97.45trn in June, while external reserves strengthened to US$51.5bn on sustained capital inflows and crude output firmed to 1.56mbpd. These are constructive buffers against a tightening external backdrop, as renewed Hormuz tensions lift oil prices and dampen global risk appetite. On the fiscal front, N34trn in duty waivers underscores the revenue pressures shaping policy discipline ahead. Lagos PPP agreements and progress toward Nigeria's first floating LNG decision signal a deepening private capital pipeline worth monitoring. The near term rewards capital discipline over conviction chasing. Watch foreign portfolio flows against reserve accretion, oil price transmission into local sentiment, and sector rotation for entry points. Position with patience and let valuation, not momentum, guide execution today. Cc: @business, @Nairametrics, @Reuters, @THISDAYLIVE, @MobilePunch, @GuardianNigeria, @TecheconomyNG, @TechCabal, @technextdotng, @LeadershipNGA, @CNBC, @TheNationNews, @thesunnigeria proshare.co/articles/niger…

How @myaccessbank's Charity Initiative Has Changed the Lives of Over 14,000 Disadvantaged Children proshare.co/articles/how-a…

The Nigerian Markets at a Glance 13th July 2026 Visit our Data Hub via proshare.co/stocks for more market information.

Stock Market Dips Further as NGXASI Drops 0.84%, Investors Lose N1.31trn; BDC Rate Depreciated to N1,425/US$1 The Nigerian stock market began the trading week bearish on Monday, July 13, 2026, extending the losses recorded on Friday as profit-taking across industrial goods, banking, and other selected large- and mid-cap stocks outweighed buying interest, dragging the benchmark index marginally lower. proshare.co/articles/stock…

Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – July 13, 2026 Closing Rate - N1,379.65 BDC Rate - N1,425 GBP Rate - N1,895 EURO Rate - N1,600 CAD Rate - N980 YUAN Rate - N204 Compare more currencies at proshare.co/ExchangeRates Visit our Data Hub via proshare.co/stocks for more market information.

This week's stock recommendation report highlights a market transitioning from broad-based momentum to selective conviction. While analysts recalibrated ratings following recent price rallies and bouts of profit-taking, the dominant theme is that confidence in Nigeria's fundamentally strong companies continues to outweigh short-term market volatility. Nigeria's capital market is experiencing an exciting period of growth, with several positive developments happening beyond just daily trading. The NGX has actively engaged with @FTSERussell, global custodians, and institutional investors about the new T+1 settlement cycle, showing its strong commitment to reforms that boost efficiency and competitiveness. Plus, being placed on @SPGlobalRatings Dow Jones Indices' 2027 Watchlist for Frontier Market reclassification and emerging as the world's best-performing equity market in US dollar terms are milestones that highlight the market's vibrant progress. Against this backdrop, Capital Market Operators largely maintained their constructive stance, particularly on the banking sector. Although several firms downgraded stocks that have enjoyed significant price appreciation, including FIRSTHOLDCO, GTCO, @wemabank, and @fidelitybankplc, many of these revisions reflected valuation discipline rather than weakening fundamentals. At the same time, upgrades for @ZenithBank, @UBAGroup, ETI, @StanbicIBTC, GTCO, @SeplatEnergy, @aradelholdings, @MTNNG, AIRTELAFRI, CHAMS, @DangoteCement, and NEM underscore continued confidence in companies with resilient earnings, attractive valuations, and sustainable growth prospects. Looking ahead, investor attention will focus on Nigeria's June inflation data, foreign exchange developments, and further progress in the ongoing engagement with FTSE Russell. While profit-taking may persist in stocks that have rallied sharply, the broader market backdrop remains supportive. Domestic institutional participation and growing international recognition of Nigeria's market reforms are expected to keep fundamentally strong banking, industrial, ICT, and energy stocks at the centre of investor interest. The balance of analyst recommendations this week indicates that the current phase is less about exiting the market and more about repositioning toward quality stocks with valuation outlooks. Cc: @CapitalBancorp, @Afrinvest, @MeristemNigeria, @apelng Read more: proshare.co/articles/stock…

"Net foreign reserves have surged eightfold, moving from under $4b to over $34b. With the FX crisis resolved, it is time to align monetary policy with market realities." This edition of the economy and politics conversation, anchored by @ottoabasi1, features Dr. Ayo Teriba, CEO of @Econassociates, discussing Nigeria’s Mid-Year Economic Review and H2, 2026 Outlook. Watch full video: youtu.be/iaGN_SjzQz0