Oil production raises GDP by 4.23% – Driven by improved crude oil production, Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent, a report by the National Bureau of Statistics (NBS) has disclosed. The report added that the average daily production of crude oil rose to 1.68 million per barrel, a four year quarter high since 2022. This means that Nigeria was able to meet its quota set by the Organization of Petroleum Exporting Countries (OPEC) for the quarter……….(Read More)  Equity market sheds N220bn amid sectoral downturn – The Nigerian Exchange opened the week on a bearish note as Nigerian Breweries and other major stocks dragged the market to a N220bn loss on Monday. The downturn reflected weak investor sentiment in the consumer and industrial goods sectors. At the close of trading, the market capitalization fell to N89.5tn from N89.72tn on Friday, while the All-Share Index shed 347.12 points, or 0.24 per cent, to close at 141,498.20. This represented a one-week loss of 0.11 per cent,……….(Read More) FAAC: NUPRC records N459.6bn revenue shortfall despite 3% rise in monthly remittance – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a revenue shortfall of N459.6 billion against its August 2025 budgetary target of N1.2 trillion, after remitting N745 billion to the Federation Account. In its report to the Federation Accounts Allocation Committee (FAAC) for September 2025, the Commission disclosed that its revenue collection stood at N745.21 billion in August, representing a 61.85 percent performance against the monthly budget benchmark of N1.204 trillion………(Read More) Interest income drives Stanbic IBTC’s profit to N173.4bn – Stanbic IBTC Holdings Plc has announced a profit after tax of N173.4bn for the half year ended June 30, 2025, representing a 49 per cent increase from the N116.4bn recorded in the corresponding period of 2024. The lender’s unaudited financial statement released to the Nigerian Exchange Limited on Monday showed that the profit growth was largely driven by interest income and improved fee and commission revenue………..(Read More) Dangote’s CNG-powered Trucks Make First Fuel Deliveries To Lagos Stations – Dangote Petroleum Refinery & Petrochemicals has commenced delivering petrol to petroleum marketers across Lagos with its compressed natural gas (CNG)- powered trucks. LEADERSHIP can confirm the development by observing the marked truck discharging content at the Conoil filling station opposite the Ikeja General Hospital. The initiative aims to transform Nigeria’s fuel distribution landscape by reducing logistics costs and enhancing customer supply efficiency…….(Read More) Asia stocks ride the AI rush, gold hits another peak – Most Asian share markets built on recent hefty gains on Tuesday as optimism around all things AI sucked money into the tech sector, while wagers on several more U.S. interest rate cuts kept gold on a hot streak. Wall Street had been led to another record as Nvidia (.NVDA), announced it would invest up to $100 billion in OpenAI with the first data centre gear to be delivered in the second half of 2026………….(Read More)

CFG_DMR_22-SEP-2025

CFG WEEKLY MARKET REPORT_15TH_ SEP_2025 TO 19TH_SEP_2025

Falling inflation fuels hopes for monetary policy easing – Analysts have projected that the Monetary Policy Committee of the Central Bank of Nigeria would be considering a 50-75 bps rate cut as they begin their meeting on Monday (today). The anticipated rate cut is driven by the steady decline in headline inflation, which, according to the National Bureau of Statistics reports, fell to 20.12 per cent in August 2025, from 21.88 per cent in July, while food inflation also eased year-on-year. This trend strengthens expectations for rate cuts. This decline marked the fifth month of deceleration of inflation, thus drawing optimism that the MPC would give thought to cutting the rate………(Read More) Union-imposed truck charges cause fuel price hikes – Dangote – Africa’s richest man and the President of Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural Gas Workers of collecting as much as N50,000 on every truck that loads fuel at the refinery, warning that such charges ultimately push up fuel pump prices and burden consumers. While NUPENG neither confirmed nor denied the allegation, industry experts on Sunday wondered how the oil union became a tax collector, stressing that such actions would definitely raise the pump prices of refined petroleum products……….(Read More) External reserves hit $42bn amidst rise in hydrocarbon revenue – Nigeria’s gross external reserves hit $42 billion last week, the highest level seen since September 2019 with analysts attributing the boost to inflows across different sources. In September, total inflows into external reserves reached $692.28 million, according to data from the Central Bank of Nigeria (CBN). Hydrocarbon export revenue contributed to reserves accretion with analysts saying the positive trend would continue for a while and contribute to boosting investors’ confidence……..(Read More) Crude supply to domestic refineries hit 67.6m barrels – FG – The Federal Government has disclosed that a total of 67,657,559 barrels of crude oil were supplied to local refiners for processing between January and August 2025. This figure, confirmed by the Nigerian Upstream Petroleum Regulatory Commission, highlights ongoing challenges in bridging the crude allocation gap facing indigenous refineries despite Nigeria’s rising production levels. Speaking in Abuja on Sunday, the Head of Media and Strategic Communications at the NUPRC, Eniola Akinkuotu, said the crude allocation was made in line with the Petroleum Industry Act 2021 and the Domestic Crude Supply Obligation policy………..(Read More) Crude oil production drops to 1.43 million barrels in August – Nigeria’s crude oil production dropped to A  1.43 million barrels per day in the month of August, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated. In a statement,  the regulatory agency for the upstream petroleum sector said daily condensate production in August stood at 197,229 bpd, all amounting to 1.63 million barrels. It states that crude oil figure means the country achieved 96% of its 1.5 million bpd OPEC quota…….(Read More) Indian IT stocks crash as Trump’s $100K H-1B visa fee sparks market turmoil – Indian IT stocks slumped on Monday after US President Donald Trump announced an overhaul of the H-1B visa programme, imposing a hefty $100,000 fee on new applications. The surprise move threatens to upend the long-standing outsourcing model that Indian IT majors rely on to serve their biggest market. Shares of Tata Consultancy Services, Infosys, and Tech Mahindra led sharp declines, as investors worried about rising operational costs and shrinking margins. The selloff underscored how vulnerable India’s export-driven IT sector remains to regulatory shocks from Washington, even as firms have tried to reduce their reliance on the controversial visa route over recent years…………(Read More)

Dangote targets global leadership in fertiliser exports – President of Dangote Group, Aliko Dangote, has declared that Nigeria is on track to become a global powerhouse in fertiliser and petrochemicals, with his company targeting the position of world’s largest exporter of urea fertiliser by 2026. Dangote made the disclosure on Monday while briefing journalists at the Dangote Refinery complex in Lagos, during an event marking the one-year anniversary of the refinery’s gasoline rollout…….(Read More)  NGX sheds N71bn as stock market declines – The Nigerian Exchange closed Tuesday’s trading session on a negative note as the equities market shed about N71bn in market capitalisation, following losses recorded in several bellwether stocks. At the close of trading, the All-Share Index fell by 112.22 points, or 0.08 per cent, to settle at 141,546.78 basis points compared with 141,659.00 points recorded in the previous session. The market capitalisation also declined from N89.671tn to N89.600tn, representing a loss of N71bn for investors…….(Read More) Reforms in oil & gas attracted $18bn investments in 9 months – NUPRC- The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, has stated that competitive reforms introduced in the oil and gas sector has led to 28 Field Development Plans with $18.2bn worth of investment commitments, which underscores the attractiveness of the upstream sector. In a statement, Komolafe said these commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 TCF of gas, adding an expected 591,000 barrels of oil per day and 2.1 BSCFD of gas, boosting the country’s aspiration to deliver over 3 million barrels per day crude oil production…….(Read More) CBN sets six-month deadline for successor bank chiefs – The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks to obtain regulatory approval for the appointment of successor managing directors at least six months before the exit of incumbent chief executives. In addition, the apex bank ordered that such appointments must be made public no later than three months before the outgoing CEO officially vacates office. The policy shift is part of broader efforts to strengthen corporate governance, reduce uncertainty, and preserve confidence in Nigeria’s financial system……..(Read More) First shipment of petrol from Dangote refinery lands in US  In what was described as a major development in the global energy markets, the Dangote Refinery and Petrochemicals has successfully exported its first shipment of gasoline to the United States. Commodities giant Vitol and North American distributor Sunoco are said to be taking delivery this week—marking a new chapter in Africa’s role as an emerging fuel exporter. The tanker Gemini Pearl delivered approximately 320,000 barrels of gasoline to Sunoco’s terminal in Linden, New Jersey, on Monday, according to Reuters……….(Read More) Dollar languishes, gold glitters as Fed verdict looms large – The dollar was on the defensive, shares edged up and gold scaled new heights on Wednesday as global markets counted down to an anticipated rate cut by the Federal Reserve later in the day and waited on signals around the extent of future easing. The euro surged to a four-year high against the greenback in the prior session on the Fed easing bets, while oil remained firm following Ukrainian drone attacks on Russian refineries and ports. Asian equity indexes were led by Hong Kong shares, which surged to a four-year high………..(Read More)

CFG_DMR_16-SEP-2025CFG_DMR_16-SEP-2025

Grid collapse, debts crippling power plants – GenCos – The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, has kicked against threats to disconnect generation companies from the national grid, warning that unstable transmission and market failures are damaging their plants and deepening losses. The GenCos also demanded regulations mandating the immediate payment of their revenue by offtakers…..(Read More) FX stability may drive inflation decline further – Report –Ahead of the release of the August inflation data, Coronation Asset Management, in its inflation outlook, has projected a continued decline driven by foreign exchange stability and the harvest season. The National Bureau of Statistics is expected to publish the inflation report for August on Monday (today), with inflation expected to continue to decelerate and hit five months of dips. Nigeria’s inflation rate declined for the fourth consecutive month in July 2025, settling at 21.88 per cent year-on-year…….(Read More) Dangote deploys 1,000 fuel distribution trucks, IPMAN rallies marketers – The Dangote Petroleum Refinery will today (Monday) roll out over 1,000 Compressed Natural Gas-powered trucks to begin the first phase of its direct fuel distribution scheme. Consequently, the Independent Petroleum Marketers Association of Nigeria has said it is ready to receive Dangote trucks at its various stations. Officials at the Dangote refinery told The PUNCH that the direct distribution would begin as part of activities marking one year since the refinery started petrol production…….(Read More) Direct fuel supply will save us N1.5 trn – Dangote Refinery –Dangote Refinery and Petrochemicals yesterday reiterated that its decision to adopt direct fuel distribution, which is being flagged off today, was to reduce dependency on third-party carriers for fuel distribution in Nigeria. It stated that the move is not only a matter of strategic choice but a national imperative. The refinery, which also reacted to recent claims by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), accused the marketers’ association of making attempts to frustrate the operation of the refinery.…..(Read More) ‘Shea Nut Export Ban Hurts Farmers’ Livelihoods, Investor Confidence’ – Nigeria’s six-month ban on raw shea nut exports has sparked concerns over market disruptions, with shea nut prices plummeting by over 30 per cent and existing export contracts facing potential default, says the Centre for the Promotion of Private Enterprise (CPPE). The director-general of CPPE, Dr. Muda Yusuf stated this yesterday, adding that, the federal government’s six-month ban on raw shea nut exports is intended to accelerate domestic value addition and support Nigeria’s industrialization drive…….(Read More) Exclusive: US Democrats press Trump for a trade deal that curbs China’s production –  U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include “binding requirements” on Beijing to reduce industrial overcapacity, according to a letter they sent to Bessent and other top trade officials on Friday and seen by Reuters………(Read More)

CFG WEEKLY MARKET REPORT 8TH 2025 TO 12TH SEPT 2025

CFG_DMR_01-SEP-2025

CFG_DMR_09-SEP-2025