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The SEC has approved the delisting of Coronation Insurance from the NGX under a buyout scheme by its majority owner, moving minority shareholders a step closer to a cash exit.

The Bank of Agriculture is launching a N200bn intervention built on guaranteed minimum prices, including a N350,000 per tonne maize floor, positioning itself as lender and offtaker for staple crops.

The Presidential Food Security Council is formalising a mopping-up framework to absorb dry-season grain gluts at harvest, protecting farmgate prices and building strategic reserves alongside the N200bn BOA price-floor programme.

Stanbic IBTC group nine-month profit before tax rose 35% to N113.37bn, driven by subsidiaries across banking, pensions and asset management, alongside a scrip dividend programme at N159.86 per share.

NGX Group posted a 9M 2026 profit before tax of N20.58bn, up 83.29% year on year, on revenue of N27.26bn, driven by transaction fees that grew 112.39%, even as THEWILL calculations show a softer Q3.

The Central Bank of Nigeria granted approval-in-principle for JPMorgan Merchant Bank Nigeria Limited on October 23, 2026, with the MD nominee and board cleared, after the bank deposited N50bn under its application.

The extension gives more investors time to participate in a landmark listing that tests African capital-market depth and refinery valuation.

Ibile’s majority stake reshapes LASACO’s ownership as the insurer reduces accumulated losses and moves closer to dividends.

The federal government, FAAN and Bi-Courtney have signed agreements to end their long-running MMA2 dispute, with the operator waiving a N132 billion claim and FAAN set to collect concession fees.

BUA Cement's board has approved its nine-month results, with the company set to file the statements by October 30 after a first half marked by strong revenue and profit growth.

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

UNEP finds current policies put world on track for 2.8°C; steep cuts needed for lowest 1.5°C overshoot.

The five-stop line from Ikeja Railway Station to Murtala Muhammed International Airport Terminal 1 has an approved design but no published cost or construction schedule, while the terminal reconstruction it is meant to serve is already under way.

The listed lottery operator reported revenue of N920.7 million for the third quarter against N1.09 billion a year earlier, with a loss after tax of N105.8 million and accumulated losses of N2.92 billion against equity of N3.48 billion.

The NASD National Securities Index gained 0.54 per cent to 4,355.33 on October 20 while volume fell 30.92 per cent and traded value dropped 17.10 per cent to N22,222,823.70, leaving the over-the-counter board as a thin quoting venue rather than a liquidity market.

The $327 million purchase of 25% of Kenya Pipeline, disclosed in London, aligns the group with the Kenyan government equity plan for the $16 billion Lamu refinery and the East African allocation of its Lagos IPO.

The technology incubation board disclosed a pipeline of more than $600 million at the NextGen Innovation Challenge, led by a proposed $500 million solar partnership with Gigawatt Global and a $100 million financing MoU with Cambridge Investors.

The Africa Finance Corporation has appointed CBN Governor Olayemi Cardoso as Chairman of its Board of Directors, linking Nigeria's monetary leadership to a pan-African infrastructure financing platform.

Pan-African payments network Onafriq is winding down Baxi, its Nigerian agent banking business, after five years, citing inflation, naira depreciation, rising operating costs and the rapid growth of instant account-to-account payments.

Transcorp Hotels Plc posted a N22.53 billion profit before tax as occupancy and room rates held firm across its portfolio, anchored by the Transcorp Hilton Abuja and other properties.

eTranzact International has announced changes to its board of directors following a transition in ownership, reshaping governance at one of Nigeria's established electronic payments companies.

Nigeria's 30-day petrol discount has failed to reach most motorists, with NNPCL stations back at N1,405 a litre and the N66 reduction available only through the company's app at self-service pumps, while transport fares keep rising.

Nigeria uses only about 30% of its installed cocoa processing capacity, losing an estimated $2 billion a year in potential value addition, the Agriculture Ministry disclosed at a Lagos cocoa conference.

The IMF's October Sub-Saharan Africa update says subsidy and exchange rate reforms in Nigeria and Ethiopia helped the region absorb the oil shock, but reserves, aid and fiscal space leave little room for another hit.

Niger's military-led government told CNPC, WAPCO and SORAZ to return more than $5.2 billion in crude export revenue and meet local-content commitments within 45 days.

Inconsistent export policies could hurt farmers, says LCCI's Tunde Banjoko, calling for guaranteed offtake, better storage, affordable credit and a commodity board to set benchmark prices.

Kenya has cleared 19 of 21 FATF action items and aims to exit the grey list by April 2027 after raising its cash-withdrawal reporting threshold and moving to tighten rules on frozen assets and proliferation financing.

Dangote Petroleum Refinery is expanding its $1.6 billion IPO into Egypt through a planned depositary receipt programme, with the offer deadline extended to October 27, 2026, to accommodate wider African participation.

Cardoso succeeds Ireti Samuel-Ogbu at the helm of the Africa Finance Corporation, adding a continental infrastructure-finance role to his central bank duties.

eTranzact has appointed five new directors after Trademarks Global Concepts acquired a 56.18% controlling stake, transferring 5.17 billion shares.

The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.