NNPCL and MRS filling stations reduced petrol pump prices in Abuja and surrounding areas by N36–N40 per litre to N1,265–N1,299 per litre. PETROAN President Billy Gillis-Harry attributed the cuts to a drop in the landing cost of petrol, saying retail prices typically fall when import costs ease. He added that marketers do not lower prices to the point of selling at a loss. The move followed a reduction in ex-depot prices as depot owners sought to compete with Dangote Refinery’s N1,215perlitre gantry price, according to DAILY POST.

Nigerian equities opened the week higher, with total market capitalisation rising by N288 billion to N158.614 trillion, a 0.18% gain. The market’s year-to-date return climbed to 57.91%. Investors traded 923.01 million shares worth N37.85 billion, with volume down 2.12% from the previous session. The advance came despite negative market breadth, with 39 decliners versus 25 gainers.

Nigeria’s stock market fell for a second straight session, wiping N1.005 trillion in market value on Thursday and pushing total capitalisation down to N158.339 trillion. Tripple Gee led decliners with a 10 per cent drop, while several other stocks also posted steep losses. Trading activity jumped, with turnover rising to N230.83 billion, up 177.01 per cent from the previous session. The move underscored renewed short-term downside pressure on the NGX All-Share Index (ASI).

On July 29, 2026, Nigeria’s naira weakened to 1,366.71 per dollar in the official foreign-exchange market, down 1.18 naira from the previous day for a third consecutive decline. The parallel market rate also slipped to 1,415 naira per dollar. Nigeria’s foreign reserves stood at $51.94 billion.