Business

The National Institute of Credit Administration (NICA) has urged the Federal Government to inject ₦2 trillion into the National Credit Guarantee Company (NCGC) to expand access to credit for businesses and productive sectors of the economy.

Nigeria's financial markets head into the final week of August with investors weighing a potentially transformative refinery IPO, a relatively stable naira, high oil prices and the government's claim that its economic reforms have restored investor confidence.

Tax crimes and fraud accounted for more than half of the financial crime intelligence reports disseminated by the Nigerian Financial Intelligence Unit (NFIU) to law enforcement and regulatory authorities in 2025, while banks remained the dominant source of suspicious transaction reports.

The Dangote Petroleum Refinery has expanded its free petroleum products delivery initiative to Kano, Imo, Anambra and Nasarawa states, as it seeks to cut distribution costs for independent petroleum marketers and create room for lower petrol prices.

Nigeria may be experiencing a widening disconnect between booming equity market capitalisation and productive value creation. It is conventional wisdom that the equity market is the barometer of the economy. And this is true of the advanced economies: London, New York, Tokyo, Korea.

Nigerian businessman, Tony Elumelu, said oil theft losses at his company's assets have fallen from 97% to 2%, saying the turnaround has restored profitability and made it easier for the company to obtain dollars without relying on personal connections at the central bank.

When the federal government announced last week that removal of petrol subsidy had generated an estimated ₦15.8 trillion in savings between June 2023 and December 2025, the figure was presented as further evidence that Nigeria's painful economic reforms were working. It is, unquestionably, a significantly large number.

The Central Bank of Nigeria’s latest Open Market Operations (OMO) auction has pushed short-term fixed-income yields back into focus, with investors submitting N4.93 trillion in bids for securities worth just N600 billion.

Nigeria’s equities market recorded a 57 per cent return in the first seven months of 2026, but the rally was driven predominantly by domestic capital rather than a resurgence in foreign portfolio investment, Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, has said.

Nigeria’s headline inflation rate eased further in July, falling to 15.43 percent from 15.91 percent in June, reinforcing the recent moderation in the pace of price increases. But beneath the headline improvement, the latest Consumer Price Index (CPI) report presents a more complicated picture for households and businesses.