Market capitalisation jumps N203bn as stocks extend rally –

The Nigerian Exchange extended its bullish momentum on Tuesday as investors gained N203bn, pushing the market capitalisation to N89.7tn at the close of trading. The benchmark All-Share Index rose by 321.59 points, or 0.23 per cent, to settle at 141,761.36 compared with 141,439.77 recorded on Monday. This brought the market’s year-to-date gain to 37.73 per cent, despite posting a one-week decline of 0.6 per cent. Trading statistics showed that a total of 604.99m shares valued at N12.89bn were exchanged in 28,819 deals. This reflected a three per cent improvement in volume and a 15 per cent rise in turnover, though the number of deals declined 13 per cent when compared with the previous session…………(Read More)

Tinubu meets NGX, SEC chiefs in Brazil, hails capital market gains –

President Bola Tinubu on Tuesday praised the “remarkable growth” of Nigeria’s capital market under his administration. This is as he credited investors’ confidence in his economic reforms for the surge in activity on the Nigerian Exchange. He disclosed this while receiving the Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, and the Board of Directors of the Nigerian Exchange Group in Brazil during his state visit. The President said the expansion of market capitalisation and trading volumes reflected the strength of his policies…………(Read More)

Domestic refining changing West Africa’s fuel supply – Marketers –

The Major Energies Marketers Association of Nigeria (MEMAN) has described the rising domestic refining capacity as a game-changer which is changing the fuel supply landscape in Africa. It specifically made a reference to the 650,000-barrel Dangote Petrochemical Refinery and the emerging Lome Hub as reshaping West Africa’s fuel market. This emerged yesterday when MEMAN hosted its monthly webinar in partnership with S&P Global Commodity Insights (Platts), to examine how global geopolitics, regional refining capacity, and evolving trade flows are transforming West Africa’s refined products market………..(Read More)

FG allots N136bn in medium-term bonds –

The Federal Government of Nigeria has successfully allotted a total of N136bn in its recently concluded five- and seven-year bond auctions, with marginal rates of 17.945 per cent and 18 per cent, respectively. According to the offer document on its website on Tuesday, the new five-year FGN August 2030 bond and the seven-year FGN June 2032 bond were auctioned on August 25, 2025, and are set to settle on August 27, 2025. The total amount offered for each bond was N100 bn, but strong investor demand led to an allotment of N46.005 bn for the five-year bond and N90.157 bn for the seven-year bond…..…..(Read More)

Forbearance: Nigerian banks’ non-performing loans may increase – Fitch –

Fitch Ratings said Tuesday that a vast majority of Nigerian banks are expected to exit longstanding forbearance by end-2025. However, the ratings agency observed that the expiry of forbearance will lead to some large Stage 2 loans being reclassified as impaired, the agency said in a new peer credit analysis on the country’s major banks. Daily Trust reports that an impaired loan is a loan that is not performing according to the original terms of the agreement……….…(Read More)

Trump defiant as Fed Governor Lisa Cook threatens legal action over his attempts to remove her from board –

President Donald Trump on Tuesday responded to questions about Federal Reserve Governor Lisa Cook’s attorney saying they will file a lawsuit challenging his attempt to remove her. Asked at a Cabinet meeting if he was prepared for a legal fight, Trump said, “Oh sure, always.” Cook’s attorney, Abbe Lowell, issued a statement saying, “Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action.”…………(Read More)