Market Updates

FG raises N729bn bond to clear GenCos’ legacy debts The Federal Government is set to issue a second bond worth about N729bn to settle verified legacy debts owed to electricity generation companies, in a move aimed at restoring liquidity to Nigeria’s power sector and improving investor confidence. The planned issuance,... Read More →

States pocket N2.37tn VAT under new tax regime State governments received N2.37tn from Value Added Tax revenue generated in the first half of 2026, representing an increase of N451.25bn compared with the corresponding period of 2025, an analysis by The PUNCH has shown. The figure indicates that states’ VAT allocation... Read More →

Businesses expect CBN to hold rates as MPC meets today Organised Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions... Read More →

Stakeholders push reforms to sustain Nigeria’s economic gains Nigeria’s economic managers, captains of industry, development partners and business leaders on Thursday converged on Lagos to chart a roadmap for translating the country’s improving macroeconomic stability into inclusive economic growth, with strong calls for sustained reforms, greater private sector investment and... Read More →

Nigeria rakes in N41.7tn from six-month crude production Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting a modest recovery from the second half of last year despite a slight decline compared to... Read More →

Equities market sheds N32bn as selloffs end rally The Nigerian equities market closed lower on Thursday as mid-session selloffs wiped N32bn off investors’ investments, breaking a recent spell of positive momentum on the trading floor. The All-Share Index shed 221.14 points, representing a decline of 0.09 per cent to close... Read More →