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Brent crude settled at $116.72 on October 23, 2026, its highest close since April and a third straight weekly gain, while WTI held above $103 and Nigerian Bonny Light traded near $124.

The LNG transaction highlights energy-security hedging as Middle East conflict raises risks for Gulf supply and shipping.

NGX Group Chairman Umaru Kwairanga says the capital market is positioned to help drive Nigeria's $1 trillion economy target, with market capitalisation up more than threefold and a call to double the investor base to 10 million.