Ogochukwu Onwaeze, THEWILL

Moniepoint has backed the expansion of cash-flow-based lending as the Enhancing Financial Innovation and Access (EFInA) Access to Financial Services in Nigeria (A2F) 2026 Survey shows a sharp increase in formal credit access.

The Nigerian Exchange Limited (NGX) opened the week on a mildly bearish note on Monday, as selling pressure across several equities dragged the benchmark index and market capitalisation lower.

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has kept oil production levels unchanged for November 2026, maintaining combined required output of 31.01 million barrels per day for seven participating countries.

The Managing Director/Chief Executive Officer of the NPA, Dr Abubakar Dantsoho, disclosed this while speaking at the authority’s Special Day at the 21st Abuja International Trade Fair, organised by the Abuja Chamber of Commerce and Industry under the theme, “Resilient Trade, Taxation, and the Economy.”

The increase reflected softer demand across major maturities as investors reassessed the outlook for interest rates and fixed-income returns following the recent monetary policy easing by the Central Bank of Nigeria (CBN).

The findings were contained in the apex bank’s latest Business Expectations Survey, which showed that while firms remained concerned about several aspects of the operating environment, overall business sentiment stayed positive during the month.

Nigeria’s real Gross Domestic Product (GDP) grew by 4.43 percent year-on-year in the second quarter of 2026, up from 4.23 percent in Q2 2025 and 3.89 percent in Q1 2026.

The report stated that the ₦473.8 billion loan was granted to NGIC “to fund the Nigeria–Morocco Gas Pipeline cash call commitments, equity injection to AGPC, and finance the AKK Pipeline Project.”

A total of 3.166 billion shares valued at N155.023 billion exchanged hands across the NGX during the week, representing a decline from the 4.689 billion shares worth N240.824 billion recorded in the previous week.

Nigeria’s manufacturing sector is growing, but the latest trade data suggest that the increase in domestic production is not yet large enough to significantly reduce the country’s dependence on imported manufactured goods.