Coronation Registrars, a subsidiary of the Coronation Group, has received three international accolades in recognition of its performance in the Nigerian capital market. The firm won the Most Innovative Registrar for Unclaimed Dividend Resolution and Leading Registrar for Capital Market Services awards from Global Economics. Additionally, it secured the Gazet International Annual Award for Excellence in Shareholder Services and Capital Market Administration. CEO Oluseyi Owoturo stated that these awards validate the firm’s focus on digital transformation and operational efficiency to improve shareholder engagement.

Globacom, founded in 2003 by Mike Adenuga Jr., is marking its 23rd anniversary. The telecommunications company is noted for its pioneering introduction of per-second billing and the deployment of the Glo-1 submarine cable, which connected Nigeria to Europe without foreign equity partners. Beyond its infrastructure achievements, the firm has integrated itself into the Nigerian cultural landscape through extensive support for sports, arts, and local festivals. As a private indigenous entity, Globacom remains a key player in the nation’s digital transformation.

The Kogi State chapter of the Peoples Democratic Party (PDP) has formally rejected the state government’s newly introduced campaign signage and promotional material fees. The party characterized the levies, which include a N150 million charge for presidential candidates and N50 million for senatorial hopefuls, as excessive and a threat to democratic participation. PDP State Chairman Mohammed Gambo argued that the fees violate electoral spending limits and infringe upon constitutional rights to freedom of expression and political association. The party is calling for an immediate review of the policy to ensure a level playing field for all political actors.

The Kogi State government has introduced a new fee structure for political campaign signage, imposing charges ranging from 300,000 Naira for councillorship candidates to 150 million Naira for presidential aspirants. The Kogi State Signage and Advertisement Agency (KOSSAA) states these fees are intended to regulate political advertising and generate state revenue, with enforcement set to begin shortly. The African Action Congress (AAC) has publicly opposed the policy, arguing that the high costs create financial barriers that threaten democratic competition and disadvantage grassroots candidates.

Imo State is set to host the National Council for Finance and Economic Development (NACOFED) conference in Owerri, with officials projecting a significant revenue boost for the local hospitality sector. The four-day event, themed on strengthening fiscal federalism, will host approximately 300 delegates, including federal finance officials and state representatives. The gathering will take place at the Chief Emmanuel Iwuanyanwu International Convention Centre.

The Sustainability Professionals Institute of Nigeria (SPIN) is set to host its inaugural national sustainability conference on August 20, 2026, at Eko Hotel and Suites, Lagos. The event, themed "The Adaptive Enterprise: Sustainability Strategies for Challenging Times," aims to unite business leaders, regulators, and financial institutions to discuss strategies for building resilient and future-ready organizations. Key speakers include Aminu Umar Sadiq, MD/CEO of the Nigeria Sovereign Investment Authority, and Olusegun Alebiosu, MD/CEO of FirstBank Group. The conference follows the recent induction of 79 new professionals into the institute, underscoring its role in promoting sustainability as a core pillar of corporate leadership.

The Imole Campaign Council, representing Osun State Governor Ademola Adeleke, has raised concerns regarding the deployment of armed security personnel to the residence of the Speaker of the Osun State House of Assembly, Adewale Egbedun. According to the campaign, over 10 vehicles surrounded and sealed off the Speaker’s home on election day, restricting the movement of those inside. Efforts by the campaign to secure clarification from the Commissioner of Police and other security officials have remained unsuccessful. The incident has intensified concerns regarding electoral security in the state, with authorities yet to issue a statement on the purpose of the deployment.

Music star David Adeleke, widely known as Davido, has alleged that soldiers are preventing his entry into Osun State during today’s governorship election. The singer, who is supporting his uncle, incumbent Governor Ademola Adeleke, claims his right to movement is being infringed upon. However, authorities and political commentators note that a state-wide restriction of movement was officially announced by the Nigeria Police Force to secure the electoral process. No independent confirmation of targeted harassment by security forces has been verified, as voting continues amid tight security.

Nigeria’s listed technology companies recorded a 75 percent surge in combined capital expenditure to N3.23 billion in the first half of 2026. Data from six firms, including Chams, CWG, and eTranzact, shows total cash and cash equivalents nearly doubled to N37.8 billion. Despite the rise in expenditure, the sector’s aggregate CAPEX-to-cash ratio declined as cash accumulation outpaced investment. Analysts note that firms are now prioritizing internal cash generation over expensive external financing, with varying strategies ranging from Chams’ infrastructure-heavy expansion to the asset-light models adopted by companies like CWG and eTranzact.

Trading activity on the Nigerian Exchange Limited (NGX) surged in the week ended August 14, 2026, with traded volume rising 126.8 percent to 12.153 billion shares valued at N176.06 billion. Despite the spike in turnover, the NGX All-Share Index dipped 1.20 percent to 242,619.20 points as investors engaged in profit-taking. The Financial Services sector dominated, contributing over 92 percent of total volume. Notably, Lasaco Assurance Plc increased its issued share capital to 20.32 billion units following a successful rights issue. Despite weekly moderation, the market maintains a strong year-to-date return of 55.91 percent.

China’s imports from Nigeria rose by 80% to $2.3 billion in the first half of 2026, driven by Beijing’s new zero-tariff policy for 53 African nations. While the policy has lowered trading costs and increased volumes for commodities like sesame, cattle bone, and liquefied propane, Nigerian officials emphasize that preferential access must be paired with increased domestic value addition. Government representatives are pushing for a transition from raw material exports to processed agricultural and manufactured goods, highlighting the need for improved infrastructure, logistics, and adherence to international quality standards to sustain long-term economic growth.

Paris Saint-Germain (PSG) has signed Spanish forward Ferran Torres from Barcelona in a transfer deal valued at 50 million euros. The 26-year-old has committed to a contract running until 2031, reuniting with his former national team coach, Luis Enrique. Torres, who played a pivotal role in Spain’s recent World Cup victory, departs Barcelona after scoring 21 goals in 49 appearances last season. The signing marks PSG’s second major forward acquisition this summer.

Fenway Sports Group (FSG) has finalized the sale of a 30 percent minority stake in Liverpool Football Club to a consortium led by businessman Amit Bhatia and backed by Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin. The deal is valued at 1.65 billion pounds, reflecting a total club valuation of approximately 5.5 billion pounds. While FSG retains majority control and operational management, the agreement includes an option for the investment group to potentially acquire a majority stake within the next 12 months.

A new analysis of startup investment activity from 2019 to 2026 reveals that Mauritius-based Launch Africa is the most active investor in the African ecosystem, having completed 198 deals. Despite a broader venture capital slowdown, key investors including Germany’s DEG and various global accelerators continue to back early-stage companies. Nigeria remains a regional leader, with LoftyInc Capital Management and Future Africa ranked among the top ten most active investors, highlighting the growing influence of domestic firms in the continent’s innovation landscape.

Nigeria’s exports to China rose by 80% to $2.3 billion in the first half of 2026, largely attributed to China’s zero-tariff policy on African goods implemented on May 1. Chinese Ambassador Yu Dunhai confirmed that while this shift boosted Nigerian exports, the nation’s trade deficit with China persists, as total bilateral trade reached $18 billion during the same period. Imports from China, consisting primarily of manufactured and industrial equipment, continue to significantly outpace Nigeria’s exports, which remain concentrated in primary commodities.

Artificial intelligence firm Anthropic has reported a significant surge in quarterly revenue, reaching over 11.5 billion dollars. This 1,360 percent year-on-year increase, revealed in investor documents, comes as the company prepares for a confidential initial public offering. Following a similar filing by rival OpenAI, Anthropic’s performance and long-term revenue projections are being closely monitored by investors as the global IPO market sees a revival driven by generative AI.

A 2026 residential market report by Lagos Realty reveals a dramatic surge in land prices across Lagos Island, driven by high demand, limited availability, and robust developer activity. As of 2026, Ikoyi leads the market with an average land price of N2.5 million per square metre, followed by Victoria Island at N2.1 million. Lekki Phase 1 and Ikate follow, with averages of N1.5 million and N955,000 per square metre, respectively. These figures represent substantial multi-year growth, with Lekki Phase 1 alone recording a 256% appreciation since 2022.

According to the Central Bank of Nigeria’s latest quarterly statistical bulletin, private sector credit distribution shifted significantly in the first quarter of 2026. Agriculture credit climbed to 3.86 trillion Naira by March, marking a 4 percent increase from January. Conversely, lending to the oil and gas sector contracted by 335 billion Naira to 10.58 trillion Naira, while manufacturing credit also saw a decline. Meanwhile, lending to the power and energy sector grew to 1.61 trillion Naira. Overall private sector credit expanded, reaching 59.74 trillion Naira by the end of March.

PwC Nigeria has raised concerns regarding the Nigeria Revenue Service’s (NRS) newly issued guidelines for taxing virtual assets, citing significant regulatory ambiguities. While the framework provides a necessary administrative structure, PwC highlights potential issues for corporate treasury operations, including the exclusion of companies from safe harbour provisions for wallet transfers. Furthermore, the firm identified practical challenges regarding the valuation of assets, as the required list of approved price aggregators remains unpublished. PwC also warns that the interaction between the 1% withholding tax on gross proceeds and income tax on net gains could lead to over-taxation. Meanwhile, stakeholders under the Digital Assets Coalition have cautioned that these stringent tax rules may hinder investment in the nation’s $92 billion virtual asset sector.