The Presidency has responded to former Vice President Atiku Abubakar’s criticism of President Bola Tinubu’s economic and fiscal policies. It released data challenging his assessment and argued that the critique relies on outdated economic conditions. The development is relevant to investors monitoring Nigeria’s policy direction and macroeconomic environment.
A communication expert has commended NUPRC for conducting a transparent and credible 2025 oil and gas licensing round. The review focused on the commission’s adherence to established procedures and described the exercise as having met an important transparency standard.
The Centre for the Promotion of Private Enterprise has called for a comprehensive overhaul of Nigeria’s development finance architecture to address an estimated N50 trillion funding gap affecting productive sectors. The proposal highlights constrained access to finance and has potential implications for broader economic activity and listed companies.
The Presidency rejected former Vice President Atiku Abubakar’s criticism that the Tinubu administration has pursued fiscal recklessness, arguing that his assessment relies on outdated data. It also stated that Nigeria’s economy is rebounding. The claims relate to fiscal policy, debt management and macroeconomic conditions relevant to Nigerian equities.
Guinea has formally opted out of the proposed ECOWAS single currency, the eco, and will retain the Guinean franc. The move comes as ECOWAS considers a phased implementation of the regional currency, potentially affecting expectations around West African monetary coordination and cross-border economic conditions.
Nigerian equities recovered strongly in July 2026, with the NGX All-Share Index rising 6.92% month on month to 245,283.68 points from 229,419.18 points at the end of June. The report also notes that two stocks recorded gains exceeding 100% during the month.
The ministerial aide to Nigeria’s solid minerals minister rejected allegations of pro-China bias and defended the government’s revocation of certain mining licences. The development relates to regulatory conditions in the mining sector, with potential relevance for investors monitoring listed natural-resources companies.
The Presidency has rejected claims of a N7.98 trillion oil windfall and challenged former Vice President Atiku Abubakar to substantiate them. It also projected that Nigeria’s inflation rate could reach 12 percent by December 2026, providing macroeconomic information relevant to market participants.
Dangote Industries Limited and Sinoma International Engineering have signed an MoU valued at more than $800 million to expand Dangote Cement’s Itori plant in Ogun State. The project is intended to double annual production capacity from six million to 12 million metric tonnes.
The NGX is up 57% YTD, near record highs — and August is set up for a selloff. Not weakness. The Dangote Refinery IPO. Funds are selling existing holdings to free up cash for the offer. It's a liquidity drain, not a top.
Human rights lawyer Femi Falana urged the Federal Government to impose reciprocal economic sanctions on South African companies in Nigeria, including a proposed boycott of MTN, in response to recurring xenophobic attacks and damage to Nigerians’ businesses in South Africa.
SocialMarketICTOIL AND GASSERVICESUTILITIESX Listings IPOs
@nazzaokonkwo A 24-hour economy also means 24-hour earnings potential for the businesses actually built to run round the clock, logistics, fintech, telecoms, energy.
Some of the companies already positioned for that shift are quietly listed on the NGX right now.
The Presidency defended President Bola Tinubu’s economic reforms and rejected criticisms from former Vice President Atiku Abubakar, describing them as outdated and politically motivated. The policy debate relates to Nigeria’s macroeconomic direction, which can influence investor sentiment, operating conditions and valuations across NGX-listed companies.
Oando Plc reported an unaudited pre-tax loss of N32.84 billion for H1 2026, down 77.47% from N145.74 billion in H1 2025. The oil and gas company also returned to profitability in the second quarter, according to the results.
Do not be deceived by people saying they will not buy Dangote Refinery IPO, some stocks never goes back to IPO price, buy in batches. Even Zichis is not going back to ₦1.81 #ngx