Business

Nigeria’s corporate growth story is increasingly moving beyond the traditional strategy of expanding sales in the domestic market.

System liquidity increased from ₦3.6 trillion in the previous week, supported largely by banks’ placements at the Central Bank of Nigeria’s Standing Deposit Facility and inflows from maturing securities.

The Central Bank of Nigeria (CBN)-licenced microfinance bank said millions of Nigerians now use its platform for services including loans, savings, money transfers, bill payments, cards and asset financing.

Six Nigerian companies have been added to the FTSE Frontier 50 Index following the latest semi-annual review by the global index provider, FTSE Russell, marking a significant step in Nigeria’s return to the global frontier-market benchmark.

Data from the National Bureau of Statistics showed that total merchandise trade rose to N41.44 trillion, representing a 5.61 percent increase from N39.24 trillion recorded in Q2 2025 and a 19.13 percent rise from N34.79 trillion in Q1 2026.

The signing ceremony for the Dangote Petroleum Refinery’s initial public offering marked a major step in the company’s plan to take the refinery to the capital market.

Market capitalisation rose from N159.558 trillion at the opening to N160.600 trillion at the close, representing a gain of N1.042 trillion.

The figure was disclosed by the Nigeria Customs Service Board at its 65th Regular Meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

Dangote Refinery has completed the endorsement of its offer documents, clearing the way for its $1.6 billion initial public offering, which is scheduled to open next week.

Oyedele gave the charge during his first Board meeting at the Customs headquarters in Abuja since becoming Chairman of the NCS Board.