The article examines Nigeria’s food crisis as a financing and banking challenge rather than solely an agricultural issue. It highlights accelerating food inflation despite easing headline inflation and argues that changes to financial systems supporting food production may be necessary to address supply and affordability pressures.
The CBN, acting for the DMO, plans to offer N700 billion in Nigerian Treasury Bills across 91-day, 182-day and 364-day maturities at an auction scheduled for September 3, 2026. The sale is described as one of the final third-quarter auctions.
The Central Bank of Nigeria absorbed N4.72 trillion through Open Market Operations over two days after investors submitted N8.62 trillion in bids, exceeding the N2 trillion initially offered. The transactions indicate strong demand for short-term CBN securities and significant liquidity allocation to the money market.
APC National Chairman Nentawe Yilwatda said a proposal to restore Nigeria’s fuel subsidy could reverse gains from current reforms and intensify fiscal pressures. The debate is relevant to NGX users because changes to subsidy policy may affect economic conditions and businesses exposed to energy costs.
Dangote Petroleum Refinery has announced its third increase in petrol gantry prices within eight days and defended the changes amid a broader debate over subsidy policy and energy costs. The development may affect operating expenses, consumer purchasing power and market expectations across Nigerian listed sectors.
Multiple transmission line outages have reduced electricity allocations to Lagos, Abuja and other regions. The Nigerian System Operator attributed the lower allocations to the transmission faults, highlighting operational constraints in power distribution that may affect electricity availability for households and businesses.
Nigeria’s foreign exchange utilisation reached a record $34.59 billion in the first half of 2026, increasing by $13.22 billion or 61.9% from the same period in 2025. The report attributes the increase to improved dollar liquidity and identifies it as the highest first-half level in available CBN data.
Dangote Petroleum Refinery raised its petrol gantry price by 8.6% within eight days to N1,265 per litre. The adjustment, effective August 29, was attributed to higher crude oil procurement costs affecting the refinery’s operating economics and Nigeria’s downstream fuel market.
Brent crude rose above $90 per barrel after renewed US-Iran military tensions heightened concerns about oil shipments through the Strait of Hormuz. The international benchmark gained 2.51% to $90.31, while West Texas Intermediate also advanced during early trading.
Afriland Properties Plc has appointed Agatha Obiekwugo as Chairman of its Board of Directors, succeeding Emmanuel Nnorom, who is retiring after more than ten years in the role. The change represents a corporate governance development in Nigeria’s listed real estate sector.
The US dollar traded at N1,400 on the buying side and N1,410 on the selling side in Nigeria’s parallel market on Monday, August 31, 2026. The report said the exchange rate remained stable across major Bureau De Change markets.
The NGX Oil & Gas Index was the best-performing sector benchmark during the week ended August 28, 2026, rising 4.54 percent according to the NGX Weekly Report. The performance reflected increased investor exposure to energy-related stocks and exceeded the gains recorded by other major sector indices.
Nigeria’s bond-market turnover fell by nearly 88% in the week ended August 28, 2026, according to NGX data, as investor attention shifted toward equities. Trading continued in selected Federal Government securities during the period, but the report does not identify specific listed stocks or sectors.
International Energy Insurance Plc was the biggest weekly decliner on the Nigerian Exchange for the week ended August 28, 2026. Its share price fell 26.61 percent from N3.87 to N2.84, with the decline attributed to increased share supply following the company’s supplementary listing.
Emzor Pharmaceutical Industries has raised a $19.8 million, equivalent to N26.7 billion, Series 1 fixed-rate bond on the FMDQ Group Exchange. The funding will support local drug manufacturing and completion of an anti-malarial active pharmaceutical ingredient facility in West Africa.
Premium Times identifies Zenith Bank, MTN Nigeria and AXA Mansard as its top stock picks for the week. The item presents the selections as an investment guide rather than a formal buy, sell or hold recommendation and advises readers to consult financial advisers before making investment decisions.
Financial services stocks accounted for nearly 79 percent of total shares traded on the Nigerian Exchange during the holiday-shortened week ended August 28, according to the NGX Weekly Report. The report indicates continued investor participation in banking and other financial services equities during the period.
The Federal Government plans to introduce cheaper transport through compressed natural gas and electric vehicles from October 1, following higher transportation costs after fuel-subsidy removal. The policy could influence household costs, fuel demand, and operating conditions across Nigerian listed energy, utilities, industrial, and transport-related companies.
Banking stocks led the Nigerian Exchange’s weekly rally as investors increased exposure to major lenders. Buying in the sector offset weakness across much of the broader market, while trading took place over four sessions following a declared public holiday.
Nigeria’s ten largest fast-moving consumer goods manufacturers recorded combined profit after tax of N601.7 billion in the first half of 2026, representing 35% growth despite revenue increasing by less than 1% year-on-year. Analysts attributed the stronger profitability to improved operating cost efficiency.