Ogochukwu Onwaeze, THEWILL

The Federal Government has presented its Renewed Hope Housing Public-Private Partnership model to African policymakers and infrastructure experts, as Nigeria seeks to attract private capital into housing delivery and encourage other countries to adopt similar financing structures.

Seven of Nigeria’s biggest listed companies committed more than N3.9 trillion to capital expenditure across 2025 and the first half of 2026, as businesses in telecommunications, cement, oil and gas, and brewing invested in infrastructure, production capacity and operational efficiency.

The World Bank has urged the Federal Government and state governments to establish a sustainable social protection system after the Federal Government reported disbursing ₦658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households as of September 2026.

The World Bank’s latest Nigeria Development Update, Beyond the Federal Purse, reported that the Federal Government spent ₦7.7 trillion on interest payments in the first half of 2026, against revenue of ₦6.2 trillion.

The award was presented at the Mandarin Oriental Hyde Park in London on Thursday, October 15, in recognition of achievements in market development during 2025, according to the Group.

The company described the offer as a landmark for African capital markets, saying it recorded the largest opening-day offering in Nigerian capital market history and surpassed the previous African record within its first 10 days.

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, gave the directive in Abuja over the weekend while receiving progress reports from the Presidential Initiative on Compressed Natural Gas and Electric Vehicles and the Decade of Gas Secretariat.

Nigeria’s five largest banking groups recorded combined gross earnings of approximately N18.4 trillion in 2025, up 5.7 percent from N17.4 trillion in 2024.

Trading activity on the Nigerian Exchange Limited (NGX) weakened during the week, as investors exchanged 1.659 billion shares worth N98.088 billion, compared with 2.715 billion shares valued at N158.280 billion in the preceding week.

The Nigerian equities market closed lower on Friday, shedding ₦108 billion in market value as the market capitalisation declined to ₦160.725 trillion from an opening value of ₦160.833 trillion.