International and pan-African banks are increasing their focus on Nigeria’s corporate and investment banking market as some foreign banks exit Africa. J.P. Morgan is planning a further move into the Nigerian market, according to the report.
Enugu Governor Peter Mbah is backing the $220 million SHINE initiative, described as a power lifeline for residents. The report concerns power infrastructure and service delivery in the state, with relevance to Nigeria's utilities sector.
The Manufacturers Association of Nigeria’s Imo/Abia and Rivers/Bayelsa chapters decried the high cost of energy and urged the Abia State Government to establish industrial clusters. The issue is relevant to listed manufacturers facing energy costs.
Trading on the Nigerian Exchange recorded N158.29 billion in turnover during the first full trading week of October, with market activity rising in value. The report also notes the start of the Q3 earnings season.
OPay has secured board and shareholder approval to pursue a secondary listing in Nigeria. The development echoes NGX Group’s call for major homegrown companies to list locally and could expand the range of companies represented on the Nigerian Exchange.
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