Global oil markets enter the week on a materially altered footing following the signing of the US-Iran agreement, which has reopened the Strait of Hormuz and lifted the maritime blockade on Iranian exports. Brent's decline below US$80 per barrel for the first time in over four months signals that markets are pricing in a reduced geopolitical risk premium rather than a structural shift in demand. proshare.co/articles/hormuz-…

Sterling Financial Holdings Shareholders Approve 10-for-1 Share Consolidation, US$400m Capital Raise Plan at the 3rd Annual General Meeting Under the approved restructuring plan, the company's existing 68.50 billion ordinary shares will be consolidated into approximately 6.85 billion ordinary shares on a 10-for-1 basis, subject to regulatory approvals. Following the consolidation, shareholders also approved the cancellation of approximately 61.65 billion issued shares through a capital reduction process, thereby reducing the company's issued share capital to N3.43bn, comprising 6.85 billion ordinary shares. proshare.co/articles/sterlin…

The CBN will conduct a T-Bills auction on June 17, 2026, offering N1.00trn, a 122.22% increase from N450.00bn. N184.89bn will mature during the week. proshare.co/articles/ahead-o…

Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – June 16, 2026 Closing Rate - N1,357.18 BDC Rate - N1,395 GBP Rate - N1,870 EURO Rate - N1,595 CAD Rate - N985 YUAN Rate - N203 Compare more currencies at proshare.co/ExchangeRates Visit our Data Hub via proshare.co/stocks for more market information.

.@Conoil_Plc Declares N3.90bn Q1’2026 Profit, N2.18bn PAT in FY 2025 Audited Results; (SP: N194.00) proshare.co/articles/conoil-…

The 2026 PEARL Awards Corporate summit keynote by Mr @BJRewane of Financial Derivatives Company (@FDC_ltd) offers a measured reading of where Nigeria’s reform cycle now stands, three years after the 2023 subsidy removal and exchange-rate unification. Its central finding is that the reforms have brought stabilisation, a steadier naira, resuming disinflation, a return to a sovereign rating and growth near 4%, while the harder work of transformation remains ahead. #Proshare reads the same evidence and reaches a complementary conclusion. Stabilisation is real and should be acknowledged, but it is not competitiveness. Competitiveness is earned at the levels of the firm and the household through productivity, pricing power, real income, and patient capital, and it depends on policy that is sequenced, consistent, and credibly measured. This review summarises the keynote across the macro, household and capital-market dimensions, sets out where Proshare’s reading aligns and where it adds caution, and frames the findings as directional intelligence for boards, investors and policymakers preparing for a pre-election year 2026 and a likely easing cycle in 2027. proshare.co/articles/navigat…

Control 25% of card issuing? You're capped at 15% in merchant acquiring. CBN draws the line on payments dominance. proshare.co/articles/cbn-tig…

.@UnitedCap Acquires 5% Stake in NGX Group, Deepens Presence in Nigeria’s Capital Market proshare.co/articles/united-…

Nigeria in 1min: Economic, Business and Financial Market Headlines – 16th June 2026 Equities opened the week on a softer note, with the @ngxgrp extending Monday's losses as profit-taking dominated post T 1 transition trading, a reminder that settlement reform is still working through market behaviour rather than fully stabilising it. Inflation rose to 15.93% in May, with food and core prices both firming, keeping the disinflation narrative under pressure and tightening the lens on the next monetary policy stance. The @IMFNews's clarification that it is not pushing for immediate tax increases, paired with its debt sustainability assessment, offers fiscal breathing room, though the social protection caveat signals that any future revenue measures will be judged on sequencing, not intent. Pension funds raising exposure to equities and government securities past N23 trillion underscores deepening domestic capital absorption. Globally, the US-Iran de-escalation lifted risk sentiment and pressured oil, a swing factor for Nigeria's revenue assumptions. Markets open the day weighing local price pressure against improving global risk appetite. The signal favours patience over positioning, with execution discipline likely to outperform conviction calls until the inflation and oil price trends find firmer footing. Cc: @business, @Reuters, @technextdotng, @TechCrunch, @vanguardngrnews, @GuardianNigeria, @MobilePunch, @THISDAYLIVE, @CNBC, @thesunnigeria, @LeadershipNGA, @BBCWorld, @NineZeroClub proshare.co/articles/nigeria…

Nigeria's headline inflation rate rose to 15.93% year-on-year (YoY) in May 2026, up from 15.69% in April 2026 The increase marks a 0.24% acceleration in annual inflation, although it remains significantly below the 26.06% recorded in May 2025, highlighting the impact of the statistical rebasing and easing price pressures relative to the previous year. The Consumer Price Index (CPI) grew to 140.7 points in May 2026 from 138.3 points in the preceding month, indicating a 2.4-point increase in the general price level across the economy. However, on a month-on-month basis, headline inflation slowed to 1.75% in May from 2.14% recorded in April, suggesting that while prices continued to rise, the pace of increase moderated during the month. proshare.co/articles/nigeria…

Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – June 15, 2026 Closing Rate - N1,356.27 BDC Rate - N1,390 GBP Rate - N1,860 EURO Rate - N1,590 CAD Rate - N985 YUAN Rate - N200 Compare more currencies at proshare.co/ExchangeRates Visit our Data Hub via proshare.co/stocks for more market information.

This edition of the Economy and Politics conversation, anchored by @ottoabasi1, highlights Nigeria’s democratic journey, the setbacks to Nigeria’s growth and productivity as an economy, and the growth Opportunities. Watch full video: youtu.be/5zgPZkw_FKo

Stock Recommendation for the Week of June 15, 2026 This week's capital market operators' recommendations reveal a market increasingly driven by stock-specific conviction rather than broad-based sector optimism. Despite the recent correction in the Nigerian equities market following the transition to the T 1 settlement cycle, analysts remain overwhelmingly constructive on selected banking stocks. A review of recommendations from eight leading brokerage firms shows a strong consensus around tier-one and emerging banking names. @theaccesscorp, @MyFCMB, FIRSTHOLDCO, and WEMABANK attracted the highest concentration of positive ratings, with most analysts maintaining Buy or Accumulate recommendations despite recent market volatility. FIRSTHOLDCO also emerged as a key beneficiary of improving analyst sentiment, reflecting confidence in the group's restructuring efforts and earnings outlook. @wemabank remained one of the market's most closely watched stocks, with the majority of research houses retaining positive recommendations following its recent price correction and strong growth prospects. Beyond banking, @TranscorpGroup stood out as one of the few non-financial stocks to attract unanimous bullish sentiment. @MTNNG also maintained widespread Buy recommendations. The industrial goods sector presented a more divided picture. While WAPCO continued to receive predominantly positive recommendations, analyst views on @BUACement and @DangoteCement remained mixed. A similar pattern was evident in the oil and gas sector, where analysts remained selective. @aradelholdings and @SeplatEnergy attracted relatively constructive views, while sentiment on @Oando_PLC, @TotalEnergies, and @Japaul_Group remained cautious. Read more: proshare.co/articles/stock-r…

RT @proshare: Nigeria in 1min: Economic, Business and Financial Market Headlines – 15th June 2026 Nigeria's capital market resumes today f…

Eleven years ago, #Proshare published Dr Temitope Oshikoya's analysis of Nigeria's romance with foreign portfolio capital and the bitter separation that followed the country's removal from the @jpmorgan Government Bond Index in 2015. The argument was simple and durable. High yields and currency adjustment can pull foreign money quickly into a market, but liquidity that arrives for price can leave for price. The present debate over Nigeria's 2025 capital importation figures, in which portfolio flows reached about $19.74 billion while foreign direct investment was barely $923 million, is not a new question. It is the same recurring test inside a new reform cycle. In this OpEd, we note that the current status is directional intelligence rather than a verdict and, as such, consider the current debate healthy in context. Foreign portfolio investment is a credible early signal of returning confidence, and Tanimu Yakubu is right that its disappearance in 2015 and 2016 carried real macroeconomic cost. Yet a signal is not a settlement. The ecosystem is thus encouraged to treat renewed foreign interest as an invitation to build the structural foundations that convert liquidity into factories, infrastructure and jobs. What Nigeria does with the confidence now on offer will decide whether the cycle ends differently this time. proshare.co/articles/tanimu-…

The @cenbank has introduced another important marker in the sequencing of financial sector reform. On 10 June 2026, the banking regulator released its Draft Guidelines on Ring-Fencing Operations of Closely Linked Entities in the Nigerian Financial System for stakeholder review, with comments due on or before 09 July 2026. The draft seeks to establish clearer operational, governance, capital, data, and conduct boundaries among entities connected by ownership, directors, shared infrastructure, common branding, or related business arrangements. Its central objective is to reduce regulatory arbitrage, contagion risk, and opacity where activities, customers, systems, or obligations cut across licence categories. For boards, the message is institutional independence. For investors, it is capital discipline, transparency, and resolvability. For financial institutions and their ecosystem partners, it signals a move away from implicit balance-sheet support, shared operating assumptions, and blurred customer pathways. For regulators, it strengthens the shift toward group-aware, risk-based supervision. For consumers, it reinforces the right to know which licensed entity holds their funds, provides the service, bears the obligation, and is accountable for outcomes. #Proshare reads the draft not as a routine regulatory circular, but as part of a broader structural reform pathway in Nigeria’s financial system, consistent with the direction earlier identified in its commentary on the revised financial holding company guidelines. As the document remains subject to consultation, this note treats it as a statement of regulatory direction rather than a final rule, and sets out the key implications for market operators, investors, boards, regulators, and consumers. proshare.co/articles/cbn-ext…