The Nigerian Exchange (NGX) opened the week on a bullish note, with investors gaining about ₦1.76 trillion in a single session as market capitalisation rose to ₦158.81 trillion.

The Debt Management Office (DMO) has announced that investors submitted bids worth ₦1.74 trillion at its July 2026 bond auction, with ₦929.32 billion allotted across three Federal Government of Nigeria (FGN) bonds.

Global oil prices surged yesterday as Brent crude rose above $90 per barrel, following renewed military strikes between the United States and Iran that disrupted shipments through the Strait of Hormuz.

Nigeria and the ECOWAS Commission have intensified efforts to achieve rice self-sufficiency, ending decades of dependence on imports.

Headline inflation eased slightly to 15.91% in June 2026, down from 15.93% in May, but more than half of the country’s states still recorded annual inflation above 30%, according to the National Bureau of Statistics (NBS).

The proposed African Atlantic Gas Pipeline (AAGP) has advanced toward implementation after ECOWAS Heads of State signed an Intergovernmental Agreement at the summit in Freetown, Sierra Leone.