Ogochukwu Onwaeze, THEWILL

Brent crude futures fell $2.16, or 2.08 percent, to $101.71 a barrel by 0213 GMT, after touching their lowest level since September 10. US West Texas Intermediate crude declined $2.15, or 2.14 percent, to $98.15 a barrel.

Nigeria will, on Monday, September 21, return to the FTSE Russell Frontier Market universe, ending a three-year period in which its equities were excluded from the global index provider’s frontier-market classification.

Nwabueze made the call at the 36th Anniversary Conference of the Finance Correspondents Association of Nigeria in Lagos, where he spoke on the theme, “Building Taxpayer Confidence and Trust in Nigeria’s Tax Reform Agenda.”

The latest position comes amid renewed pressure from petroleum marketers for the Federal Government and NNPC Ltd to accelerate efforts to return the government-owned refineries to production.

The inductees completed the Exchange’s 15-day Automated Trading System Brokers’ Certification Programme, which covers market structure, trading procedures, regulatory compliance and the operational framework of the Nigerian capital market.

Nigeria’s manufacturers are facing a rising logistics cost burden, with H1 2026 financial statements showing selling, distribution, haulage and freight expenses growing sharply across major listed companies.

Nigeria’s equities market closed the week on a positive note on Friday, with market capitalisation rising by ₦2.27 trillion as buying interest across several stocks lifted the benchmark NGX All-Share Index.

The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have formalised a framework for fiscal and monetary policy coordination, seeking to strengthen macroeconomic management and improve policy coherence.

FCMB Group is backing the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE as the refinery seeks to broaden its ownership base and attract retail, institutional and high-net-worth investors.

Joseph Obele, National Public Relations Officer of PETROAN, made the call in a statement on Thursday, arguing that increased domestic refining would strengthen supply and reduce Nigeria’s dependence on imported petroleum products.