Gold recovered some ground on Wednesday, September 30, but remained on course to lose more than 5% for the month as expectations of higher US interest rates weighed on demand.
The Federal Government is targeting ₦1 trillion from investors through its September 2026 FGN bond auction, with the Debt Management Office (DMO) setting a minimum subscription of ₦50.001 million.
Nigeria’s banking sector has emerged from its latest recapitalisation exercise with a stronger capital foundation, but the completion of the exercise marks the beginning of another phase of reform rather than the end of the process.