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Vice-President Kashim Shettima has revived plans to list NNPC and NLNG as part of a ten-year strategy to grow Nigeria's equity market to N750 trillion by 2036.

Nigeria's All-Share Index fell 0.05 per cent to 244,989.9 points on October 22 as market capitalisation slipped to N159.07 trillion, with more stocks declining than advancing.

AVA Capital reported strong nine-month results with growth in client funds and profitability.

Insurance revenue rose 3.71 per cent while service expenses fell 22.79 per cent, the company still used N416.82 million of operating cash, and free float narrowed to 12.78 per cent as two shareholders lifted their combined stake to 87.21 per cent.

A bill sponsored by the Deputy Speaker and 12 lawmakers would create a National Drone Industrialisation Council, require a national drone policy within 12 months and offer duty concessions, research credits and accelerated capital allowances to local manufacturers.

The Nigerian Insurers Association says the industry's N1.079 trillion recapitalisation must deliver faster claims settlement, stronger underwriting and wider penetration, warning that capital without service improvement has limited value.

Two clean energy companies presented a framework to the Department of Climate Change for capturing flared gas to make hydrogen and power, a plan that quotes back the government own $3 billion annual ambition and depends on a registry, a fund and permissions that do not yet exist.

Governor Cardoso told the IMF and World Bank meetings in Bangkok that domestic investors supplied slightly more than 20 per cent of the N4.65 trillion bank recapitalisation, contradicting the Central Bank and Securities and Exchange Commission statements of April that put the domestic share at 72.55 per cent.

LASERC has asked Ibile Power to file corporate and technical documents for a Lekki corridor pilot combining gas-fired generation with dedicated distribution, in a state targeting 2,500MW to 3,000MW of corridor capacity.

Settlement agreements signed in Abuja end the long-running MM2 dispute: Bi-Courtney waives N132 billion in damages, the government writes off arrears and restores the hotel project, and regional flights are permitted within terminal capacity.

HBSAN energy conference chairman Mayowa Afe says Nigeria needs about 0bn in energy infrastructure investment over five years, warning that capital follows confidence and confidence follows consistency.

The All-Share Index fell 0.91 per cent to 245,278.34 points and market capitalisation dropped N1.47 trillion to N159.257 trillion as Dangote Cement declined 5.5 per cent.

The SEC-led Nigerian Capital Market Masterplan 2.0 targets expansion from about N250 trillion to N750 trillion by 2036, with a National Savings Scheme and a trillion market ambition unveiled in Abuja.

Nigeria's portfolio investment rose 45 per cent to $6.51 billion in the second quarter of 2026, Central Bank data show, with debt securities driving most of the increase as the government courts more foreign capital.

EIB Global and FCMB have committed €85 million in financing to support companies across Nigeria's agricultural value chains, targeting production, processing and distribution businesses that struggle to access long-term capital.

Africa's credit outlook has improved as the African Credit Rating Agency (AfCRA) moves to reshape sovereign and corporate risk assessments, challenging international methodologies that have long frustrated African borrowers.

The US dollar retreated from multi-month highs as concerns about artificial intelligence capital expenditure and credit stress in technology infrastructure pushed Treasury yields lower and softened the Dollar Index toward 101.80.

Dangote Petroleum Refinery says its initial public offering has drawn subscriptions from more than 90 countries, including investors in 51 of Africa's 54 nations, as the offer heads toward its October 27 close with no further extension planned.

Nigerian Exchange Group has been named Africa's Best Exchange at the Euromoney Markets Awards 2026, recognising its role in market infrastructure, digital innovation and capital formation during a period of strong equities growth.

Latest fundamental analysis projects the naira will remain around N1,290 to N1,370 per US dollar through October, with the CBN's reduced policy rate and seasonal import demand capping both appreciation and sharp depreciation.

Nigeria has commissioned a batch of mini-grids with roughly 16MW of combined capacity and a 1MW solar power installation in Gombe State, extending electricity to communities outside the national grid's reliable reach.

Fidelity Bank has raised over N500 billion in new capital as Nigerian lenders race to meet the Central Bank of Nigeria's recapitalisation thresholds ahead of regulatory deadlines.

Sunbeth Capital is mobilising about N150 billion through commercial paper issuances to fund operations across Nigeria's cocoa value chain, targeting aggregation, processing support and export readiness.

The Central Bank of Kenya has signed a memorandum of understanding with the Toronto Centre for Financial Supervision, signed in Bangkok on the sidelines of the IMF and World Bank annual meetings, to strengthen supervisory training.