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Bonds: Investors hold positions as average yield closed flat at 16.97%
In the secondary market, bonds from the Federal Government of Nigeria (FGN) showed weakness as there was no strong catalyst to boost the low enthusiasm among investors, resulting in an average yield that remained unchanged at 16.97%.
Nigeria's packaging sector generates $2.5 billion.
The manufacturing industry in Nigeria is considered essential, with recent statistics indicating that the packaging market alone is valued at N2.5 billion.
No plans to impose a 5% fuel tax right now—Edun
• Oyedele supports 5% fuel surcharge, emphasizes it's not meant to burden Nigerians
FG makes tax identification mandatory for banking, allied services
The Federal Government has mandated that individuals engaging in banking and similar services must have a Tax Identification Number (Tax ID) in the country.
CBN directs financial institutions to submit regulatory reports to compliance dept
On the previous day, the Central Bank of Nigeria (CBN) instructed financial institutions to send all regulatory documents, communications, and relevant inquiries to the Director of its Compliance Department using the designated communication methods.
Cooking gas price drops 17.4% to N11,875 – Investigation
In August 2025, the cost to refill a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly called cooking gas, saw a significant decrease of 17.4 percent compared to the previous month, dropping from N14,375 in July to N11,875.
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