Nigeria is preparing for the 2027 Financial Action Task Force review, with the Attorney-General urging relevant agencies to improve collaboration and professionalism. Officials said effective financial intelligence, investigation and prosecution will be important to the outcome and may influence investor confidence in the Nigerian economy.
President Bola Tinubu praised Nigeria’s economic team and Nigerian Exchange Group, citing growth in market capitalisation from N30 trillion in 2023 to N160 trillion and projecting N230 trillion by year-end. He also pledged reforms aimed at listing NNPCL on the capital market.
NGX Group says a potential initial public offering by Dangote Refinery would be a significant development for Nigeria’s capital market. The report also references the refinery’s growing role in jet fuel supply, linking the prospective listing to the oil and gas sector.
Nigeria has formally rejoined the World Energy Council, restoring its participation in the international energy network. The council has also appointed Abdulrazaq Isa as chair and Wunti as chief executive officer, marking a new governance structure for its Nigerian representation.
Nigeria could receive an estimated additional $2.5 billion annually in corporate tax revenue under a United Nations-backed proposal to tax multinational companies where they conduct business. The initiative, which could increase global tax receipts, may face opposition, including a possible veto by US President Donald Trump.
Tobacco control organisations are calling for the withdrawal of Nigeria’s National Tobacco Control Act (Amendment) Bill, 2025. They argue that the proposed changes could weaken existing protections and exposure controls, making the matter relevant to regulation and potentially to consumer goods businesses operating in Nigeria.
The Nigeria Civil Aviation Authority is seeking restoration of its original 65 percent share of the 5 percent ticket sales charge and cargo charges. The regulatory and revenue-sharing issue relates to Nigeria’s aviation industry and may be relevant to listed aviation services and airline companies.
Consolidated Hallmark Insurance has reaffirmed its financial strength after meeting NAICOM’s recapitalisation requirements. The company reported shareholders’ funds of N58 billion, providing an update relevant to investors monitoring regulatory compliance and capital adequacy among Nigerian Exchange-listed insurance companies.
The federal government is seeking global capital to develop Nigeria’s solid minerals sector and promote local mineral beneficiation. The initiative, reinforced through an investors expo, aims to reduce reliance on raw mineral exports and could support greater investment and activity across the country’s natural-resources value chain.
APC National Chairman Nentawe Yilwatda said President Bola Tinubu’s economic reforms are reshaping Nigeria’s financial landscape and delivering results. The remarks were made at a colloquium in Jos, but the report provides no specific policy measures, listed companies, sectors, market data, or corporate actions.
Five Nigerian insurers are stepping up efforts to comply with capital requirements under the Insurance Industry Reform Act 2025. The report covers their recapitalisation progress and regulatory obligations, providing relevant information for investors monitoring listed insurance companies and developments in Nigeria’s financial services sector.
The Bank of Industry has launched a N250bn bond offer to raise long-term capital for businesses across Nigeria’s priority sectors. The initiative is relevant to market participants because it concerns domestic funding conditions and financing availability for companies operating in sectors represented by Nigerian Exchange-listed equities.
The Nigerian Insurers Association commended NAICOM for transparently implementing new capital requirements for insurance companies. The development relates to regulatory conditions in Nigeria’s insurance industry and may be relevant to investors monitoring listed insurers and the broader financial services segment on the Nigerian Exchange.
First Holdco Plc’s share price reached an all-time high of N140 on the Nigerian Exchange, while the company’s market capitalisation rose to N6.37 trillion, according to THISDAY.
The Revenue Mobilisation Allocation and Fiscal Commission told the Senate that Nigeria spent N1.16 trillion on fuel subsidies in 2021. The disclosure emerged during a Senate panel’s probe of the NEITI oil-sector audit, alongside possible action to compel the Auditor-General’s attendance.
Stratos Trading Limited has redeemed its debut N5bn commercial paper, an action the company says reinforces investor confidence and reflects its financial management. The transaction concerns Nigeria’s commercial-paper market and has no stated connection to an NGX-listed equity or tracked stock symbol.
The Nigerian Exchange recorded investor gains of N192 billion, supported by buying interest in banking, energy and consumer goods stocks. The report also notes that the gains occurred despite broader market losses, indicating mixed performance across listed equities during the session.
MANEG is intensifying efforts to help Nigerian small and medium-sized enterprises access government-backed export incentives. The initiative is intended to support manufacturing growth and expand global market access, creating a policy development relevant to listed companies operating in Nigeria’s manufacturing-related sectors.
The Niger Delta Ethnic Nationalities Youth Leaders Forum has backed Ojulari and urged President Bola Tinubu to resist pressure regarding NNPC leadership. The group also called for continued support for the administration’s reform agenda, making the development relevant to Nigeria’s oil-sector policy environment.
The Securities and Exchange Commission has launched an investor clinic to assist Nigerians in recovering unclaimed funds and inherited investments. The initiative aims to help beneficiaries establish legal entitlements and access assets held within the investment market, without identifying any specific listed company or stock.