CFG AM Naira Fixed Income Fund is registered and regulated by the Securities and Exchange Commission and is currently valued at N1,192.07 per unit

OAK HEIRS LTD/AIR LIQUIDE NIGERIA PLC BID INFORMATION

Author: CFG Africa Team

CFG AFRICA MACROECONOMIC HIGHLIGHTS 28/10/2025

FATF delisting major boost to Nigerian economy- The removal of Nigeria from the Financial Action Task Force (FATF) grey list would enhance investors’ confidence and inflows of investments into the economy. Commendations continued to trail the weekend removal of the country from the grey list, with experts describing the achievement as a reflection of improvements in the country’s financial and economic regulatory systems. The naira yesterday recorded significant gains, appreciating by N10 per dollar and closing the day at  N1,486 per dollar at the parallel markets……..(Read More) Equities lose N94bn as investors take profit on blue chips- The Nigerian equities market opened the week on a bearish note as investors embarked on profit-taking in some high-cap stocks, leading to a loss of N94bn in market capitalisation at the close of trading on Monday. Data from the Nigerian Exchange Limited showed that the market capitalisation dipped to N98.7tn from N98.8tn recorded on Friday, representing a 0.1 per cent decline. Similarly, the benchmark index fell by 148.90 points to close at 155,496.15………(Read More) FCMB’s N160bn offer will support resilient financial institution – CEO- The Group Chief Executive Officer of the FCMB Group, Ladi Balogun, has said that the holdco’s N160bn public offer would support the building of a stronger financial institution. Balogun said this at the recently held ‘Facts Behind the Offer’ presentation at the Nigerian Exchange Limited, where he emphasised that the offer marked a critical phase in the group’s recapitalisation programme……..(Read More) $34.5bn electricity gap tops agenda at Nigeria Energy conference- Nigeria’s energy sector stakeholders will this week confront one of the sector’s biggest challenges, which is closing the $34.5bn funding gap needed to achieve universal electricity access by 2030, as stakeholders gather in Lagos for Nigeria Energy 2025. The three-day conference, which opens today at the Landmark Event Centre, Lekki, Lagos, will bring together government officials, regulators, investors, and innovators under the theme ‘Powering Nigeria Through Investment, Innovation and Partnership’………(Read More) Why $120bn hydrocarbon resources not benefitting Africa – Tinubu-  President Bola Tinubu yesterday declared that Africa’s $120 billion worth of hydrocarbon resources must be made to benefit the continent and its people. He spoke at the 19th edition of the OTL Africa Energy Week in Lagos, maintaining that limited refinery capacity and distribution network in Africa have led to exports of larger chunk of oil and gas expenditure to countries outside Africa’ He advocated for a change of status quo through fixing of refinery capacity and distribution network challenges………(Read More) Trump and Takaichi Reaffirm Trade Agreement, Secure Minerals Pact- US President Donald Trump and Japanese Prime Minister Sanae Takaichi held their first summit in Tokyo on the 28th and reaffirmed their firm commitment to implementing the “historic US-Japan Agreement” agreed upon by the two countries last July, the White House announced. Following the trade agreement, the US and Japan had already formalized this once through a “fact sheet,” and on this day, they reaffirmed their commitment to implementing the agreement through a document titled *Toward a New Golden Era of the U.S.-Japan Alliance*, which contains the signatures of Trump and Takaichi……..(Read More)

CFG AFRICA MACROECONOMIC HIGHLIGHTS 24/10/2025

Economic Reforms Drive All-Share Index To New Heights, Crosses 153,000 Points- Nigeria’s equity market climbed to a new high, yesterday, extending its rally on the back of broad economic reforms and improving investor sentiment. The NGX All-Share Index (ASI) advanced 1.50 per cent to close at 153,736.25 basis points yesterday. The market capitalisation gained by N1.447 trillion to close at N97.581 trillion. The index has now gained 49.37 per cent year-to-date, underscoring the strength of demand in blue-chip stocks across key sectors. ……(Read More) FG’s revenue up 68% to N20.9trn in 2024 — Budget Office- The federal government’s  (FG) total revenue inflow increased by 68.11 percent to  N20.98 trillion  in 2024 compared to  N12.48 trillion recorded in 2023, the  budget office of the federation has disclosed in  its fourth quarter (Q4) 2024 budget implementation report The report, however, noted that the figure was N4.89 trillion (18.92 percent) lower than the 2024 annual budget estimate…….(Read More) NGX adds N479bn as reforms boost investor confidence- Nigeria’s equities market sustained its upward trajectory on Thursday, recording a gain of N479bn in market capitalisation as investors continued to respond positively to ongoing economic reforms and improving macroeconomic indicators. At the close of trading, the Nigerian Exchange index advanced by 753.65 points, or 0.49 per cent, to close at 154,489.90 points, while the market capitalisation appreciated to N98.1tn from the N97.6tn recorded in the previous session……(Read More) Block trades lift equity market transactions to N1.62t- Total transactions in the nation’s equity market rose significantly by 78.5 per cent to N1.62tn in September 2025, up from N908.38bn recorded in August 2025, according to the latest Domestic and Foreign Portfolio Participation in Equity Trading report released by the Nigerian Exchange Limited on Thursday. The NGX attributed the sharp increase in trading value to a series of block trades executed during the month under review, which boosted overall market activity…….(Read More) Imported petrol landing cost drops to N840/litre amid price hike- The landing cost of imported premium motor spirit (petrol) has dropped marginally from N849.61 to N839.97 per litre. This was according to data from the Major Energies Marketers Association of Nigeria. In the energy bulletins released by the MEMAN Competency Centre in the past, it was observed that the landing cost of imported petrol was an average of N849.61 on October 13; N847.61 on October 14; N841.54 on October 20; and N839.97 per litre on October 21…….(Read More) Trump says all trade talks with Canada are terminated- U.S. President Donald Trump said on Thursday all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late President Ronald Reagan spoke negatively about tariffs. Trump imposed tariffs on Canadian steel, aluminium and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminium sectors……(Read More)

Get in touch with us for your financial solution needs

Contact us
Continue reading