NAHCON has approved five airlines to provide airlift services for Nigerian pilgrims during the 2027 Hajj. The agency urged stakeholders to cooperate with the designated carriers to support safe and efficient operations. The development is relevant to NAHCO, a listed Nigerian aviation services company.
The naira strengthened in the official foreign exchange market after the Central Bank of Nigeria removed foreign exchange and securities restrictions related to its discount window. The policy change is relevant to Nigerian equities because it affects banking-sector liquidity, currency conditions and the broader operating environment for listed companies.
Africa Finance Corporation has led strategic investors in a $2.5 billion private placement for Dangote Petroleum Refinery. The deal was reportedly oversubscribed 3.7 times, while the refinery targets expansion to 1.4 million barrels per day of capacity.
A NEITI audit has intensified disagreements between the Finance Ministry and NNPCL over a $3 billion loan and $722.6 million in NLNG dividends. The ministry alleges that NNPCL and NUPRC withheld records, while the Senate has ordered a fresh reconciliation of the accounts.
Nigeria-China trade reached $18 billion in the first half of 2026, while Nigerian exports to China increased by 80% and bilateral trade grew by 35%. The development provides relevant macroeconomic context for investors assessing Nigeria’s external trade, export activity and potential effects on listed equities.
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