Business

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.

The World Poverty Clock puts the number at approximately 73.1 million Nigerians, narrowly ahead of the Democratic Republic of Congo, where an estimated 71.6 million people live in extreme poverty.

Under the old, repealed Value Added Tax Act, businesses were trapped in an unfair, distorted tax system that treated essential operational expenses as luxury overheads.

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.

For decades, the NNPC Limited has occupied a central but complicated position in Nigeria’s economy. It is simultaneously a commercial enterprise, a custodian of the country’s interests in the petroleum industry and a strategic instrument of government energy policy. Reconciling these responsibilities with the discipline required of a modern commercial enterprise has remained a defining challenge.

Nigeria is asking the domestic debt market for another ₦1.75 trillion on Monday, putting investors in front of a question that has become increasingly important as interest rates begin to fall.

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.

Nigeria opens the week with inflation easing, oil near $110 and a ₦1.75 trillion government bond auction. Here are the figures and developments to watch on Monday, October 19, and through the week.