The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to immediately suspend petrol import licences, saying the permits have coincided with higher pump prices of about N1,350 per litre. The group said imported petrol is selling well above supplies from the Dangote Petroleum Refinery and is worsening price volatility. It added that the implied offshore cost of imported products is almost 20 per cent higher than Dangote’s prices, increasing pressure on the dollar and the naira.

Dangote Petroleum Refinery resumed selling petrol in naira on 22 July 2026 and lifted its ex-depot price by N140 per litre to N1,215 per litre. The move ends a one-week switch to dollar pricing that tightened supply and pushed private depot prices to about N1,275 per litre. Retail pump prices have climbed to around N1,300 per litre as oil prices hovered near $94 per barrel amid renewed tension in the Middle East.

Elsight Ltd (ASX: ELS) reported US$5.4 million in customer receipts for the June quarter, a 6-month net operating cash inflow of US$3.8 million, and US$63.3 million in cash and cash equivalents at quarter end. The company also said it had an estimated 361 quarters of funding available at current cash burn rates. Despite the update, the stock fell 10% on the day. Bell Potter said the 2Q26 result was stronger than expected and maintained a buy rating while raising its price target to A$8.20, implying 27% upside from the closing price.

James Hardie (ASX: JHX) released preliminary first-quarter FY27 results showing net sales of US$1.449–$1.475 billion and adjusted EBITDA of US$399–$407 million, both well above its earlier guidance. The company attributed the beat to strong Siding & Trim sales, channel inventory normalization, and market share gains. It said the outperformance reflects execution and share expansion rather than a broader rebound in the U.S. housing market. Final results and updated guidance are scheduled for release after the U.S. market close on 6 August 2026.

Tesla reported second-quarter net profit of $1.1 billion, down 9% from a year earlier and below analysts’ $1.3 billion estimate. Revenue rose 25% to $28.2 billion. The company said profit per vehicle fell as it sharply increased spending on robotaxis, battery plants and Semi trucks. European gains offset weaker U.S. sales, while General Motors also posted a 30% profit drop, underscoring broader pressure on industry margins.

ServiceNow reported fiscal 2024 Q2 adjusted earnings of 90 cents per share and revenue of $3.99 billion, both above market expectations. The company said its AI portfolio surpassed $1 billion in annual contract value for the first time. ServiceNow raised its full-year subscription revenue forecast to $15.76 billion–$15.78 billion, implying growth of about 22.5%.

Molina Healthcare lifted its 2024 adjusted earnings forecast to at least $5.25 per share, up from at least $5.00, but its shares fell more than 9% in extended trading after a relatively modest guidance increase. The company said its Marketplace business faced pressure during the quarter as a larger share of members needed costly medical care than expected. Molina also flagged expected losses of $1.50 per share this year tied to a new Florida Medicaid contract and $1 per share related to its planned Medicare Advantage exit in 2027. The quarter’s adjusted EPS came in at $1.51 and the medical cost ratio was 92.2%.

Donald Trump and Ripple CEO Brad Garlinghouse held a joint live broadcast focused on “the future of XRP” and “Ripple transforming global finance.” The public, real-time event centered on XRP’s role in cross-border payments and financial infrastructure. No specific policy developments, regulatory breakthroughs, or technical upgrade details were disclosed. Trump’s participation as a former U.S. president and a key figure in the 2024 election made the XRP-focused discussion an unusually high-profile political endorsement event that amplified attention around the XRP narrative.