The Federal Government has started construction of 17.7MW of interconnected mini-grid projects in five Ibadan communities. The projects aim to improve electricity supply and reduce generator dependence and operating costs for manufacturers, traders, artisans and other businesses.
Okwuosa says Nigeria and other African countries should not assume renewables will soon replace fossil fuels and argues that securing reliable energy supply must take priority. The issue is relevant to Nigerian Exchange-listed companies in the oil and gas and utilities sectors.
Nigeria’s energy prices rose 5.38% in September 2026, reversing a 0.36% decline in August, according to the NBS. The increase came as headline inflation eased to 14.63% from 15.39% in August and raised operating-cost concerns for manufacturers, transport companies and other energy-dependent businesses.
Nigeria’s headline inflation rate fell to 14.63% in September 2026 from 15.39% in August, according to the NBS Consumer Price Index report. Monthly food prices declined by 1.55%, helping ease pressure on consumer spending.
Austin Laz & Company Plc (AUSTINLAZ) is a Nigerian company listed on the Nigerian Exchange (NGX). The company operates in the healthcare and pharmaceutical distribution sector, supplying pharmaceutical products and related medical https://t.co/KeyRqmZrtG
The US dollar traded at N1,375 to buy and N1,390 to sell in Nigeria’s parallel market, according to the report. It described the naira as trading within a relatively narrow range.
NGX Group is promoting Dangote Petroleum Refinery and Petrochemicals’ $1.6 billion IPO to investors in Egypt, Ethiopia and Botswana, aiming to expand cross-border participation in the share sale and deepen integration among African capital markets.
NASCON Allied Industries fell 9.48% on the Nigerian Exchange, dropping from N188.90 to N171.00 amid sustained selling pressure. The share-price decline was among the steepest on the market and represented the largest absolute price loss in the session.
NBS data show that Nigeria’s inflation rate fell to 14.63% in September 2026. Several northern states recorded among the country’s lowest inflation rates, providing relative relief to residents after months of elevated consumer prices.
The Federal Government proposes raising the maximum mortgage loan available to Nigerians from N50 million to N85 million. The initiative also targets 5,000 mortgages by 2028 as part of efforts to expand homeownership and housing finance.
Stanbic IBTC should stop sending this daily FX rate email if the price is 1,340 to $1 and has been so for weeks now. Only send an email when it changes because I don’t see the point of receiving the same information everyday. @StanbicIBTC
The NGX All-Share Index closed at 247,707 points on Thursday, a second straight day of gains. Market value is N160.83tn. Daily swings are normal, so think in years, not days. 📈 #NGX #Investing https://t.co/ylaX5X4CkF
The Debt Management Office rejected a significant proportion of investors’ bids for higher yields and raised N269 billion at Nigeria’s Treasury-bill auction.
Nestlé Nigeria and Nigerian Breweries generated the highest sales relative to their asset bases among seven listed fast-moving consumer goods companies, according to the report. The comparison focuses on asset turnover and provides operating-performance information on NGX-listed consumer goods firms.
Week wrap:
• Naira ~₦1,333/$ all week on the NFEM, the CBN's official window (CBN close ₦1,335.50 on 13 Oct)
• Street quotes ₦1,375–1,390, so the gap is ~3–4%
• NGX ASI 247,707 on Thursday, ~−0.3% for the week so far