Published by Dogpay ·
Moody's Upgrades Nigeria's Credit Outlook to "Positive"
The federal government says Moody's positive outlook revision validates President Tinubu's economic reform agenda, as capital market regulators push for Nigeria's reclassification from "frontier market" to "emerging market" status. (Aug 30 — Nairametrics)
CBN Mops Up N4.72 Trillion via OMO in Two Days
Investor bids totaled N8.62 trillion, with short-term Treasury bill yields approaching 20%. The aggressive monetary tightening comes as the August stock market lost N2.5 trillion in market capitalization due to OMO policy adjustments. (Aug 31 — Punch)
July Remittances Hit Record $947 Million
The figure marks the highest single-month inflow through IMTO channels, nearing the CBN's $1 billion monthly target. The central bank attributes the surge to remittance policy reforms. (Aug 30 — Nairametrics)
Q1 FX Utilisation Surges 74% to $16.2 Billion
Improved naira confidence drove significantly higher foreign exchange market liquidity, reflecting continued effects of the exchange rate unification policy. (Aug 31 — Punch)
SEC Reports Zero Defaults Since T+1 Settlement Adoption
Nigeria's capital market has recorded no settlement defaults since adopting the one-day trade settlement cycle, marking a major efficiency gain. (Aug 30 — Vanguard)
Power Sector Lost N1.36 Trillion to Revenue Leakage in 2025
NERC's annual report identifies poor metering and collection by distribution companies as the primary cause. Separately, NISO attributed power distribution cuts in Lagos, Abuja, and northern regions to multiple transmission line failures. (Aug 31 — Punch)
Dangote Refinery Considers Sales Restrictions to Petrol Importers
The move stems from concerns that imported petrol quality varies widely and undermines the market. CPPE has urged NMDPRA to only issue import permits after verifying genuine supply shortfalls, protecting domestic refining. (Aug 31 — New Telegraph)
APM Terminals Apapa Records 6% Export Growth in H1
Soybeans and solid minerals topped export shipments, signaling growing momentum in Nigeria's non-oil export sector. (Aug 31 — Leadership)
PZ Cussons Nigeria Profit Surges 348.7% to N45.17 Billion
The company declared a N2.50 per share dividend for FY2026. Meanwhile, OPay is reportedly planning an NGX listing, which could become another major tech IPO on the Nigerian Exchange. (Aug 31 — ThisDay)
Q2 Port Cargo Throughput Up 12.3%, Vessel Traffic Up 14.4%
NPA data indicates that maritime reforms are gradually improving port efficiency. (Aug 31 — Daily Trust)
Federal Government Targets N3 Trillion in Renewable Energy Investment
A new company will be established to drive solar and other clean energy infrastructure, aiming to mitigate unreliable grid supply affecting education and healthcare services. (Aug 31 — Daily Trust)
Telecom Subscriptions Rise to 192.23 Million in June
Subscriber numbers grew from 189.7 million in May, with broadband penetration also improving. Operators face severe headwinds from rising electricity costs, fibre optic damage, and vandalism. (Aug 31 — Tribune)
Nigerian Army X Account Targeted in Hacking Attempt
The incident marks the second cybersecurity breach targeting a military social media account in recent weeks, underscoring weak digital defences at critical institutions. (Aug 30 — Vanguard)
Troops Neutralise Terrorists in Katsina, Sokoto, Plateau Operations
Weapons including machine guns and rifles were recovered. In Borno's Kukawa area, troops successfully repelled a Boko Haram attack, killing multiple fighters. (Aug 31 — Punch)
Navy Dismantles Two Illegal Refining Sites in Rivers State
Approximately 34,000 litres of suspected illegally refined diesel were recovered. NUPRC disclosed that 172 host-community development trust funds have been registered, enforcing the PIA's 3% levy provision. (Aug 30 — Nairametrics)
NRC and NSCDC Foil Railway Vandalism Attempt in Osogbo
The NRC managing director disclosed that each derailment caused by railway vandalism costs approximately N300 million. (Aug 31 — Vanguard)
Tinubu Departs for Three-Week Annual Leave in Europe
A presidential aide described the trip as an opportunity to "refuel." Atiku criticised the timing, saying "Nigeria is burning while the president vacations in Europe," reigniting debate on whether leaders should leave during crises. (Aug 31 — Daily Trust)
Federal Government Launches N10 Billion Research Grant
TETFund will support quality research and capacity building at public tertiary institutions. The government also plans to establish world-class medical simulation centres across all six geopolitical zones, targeting 20,000 annual medical admissions within three years. (Aug 30 — PM News)