Archived edition · 14:23 Lagos
Wednesday 30 September
- New articles analysed in today’s runs
- 21
- High-risk articles today
- 2
- Board appointments today
- 2
- Contract awards today
- 4
Key Developments
-
NNPC Financials
The Nigerian National Petroleum Company reported a profit of N7.2 trillion, although revenue declined to N34.5 trillion for the 2025 period ([Vanguard News](https://news.google.com/rss/articles/CBMinAFBVV95cUxOUk1YSGU5aGdWd1ctMnFEZnRHMGpQWkU2MWpIODlsSUFycExqZFh6Zl9lWjNWOVRIUUZiWVpGN0ZuZ2RBRlVYYVJ4QVhIOFpiaGlwX2tmYUxXUnRydTdqYWYwN1BUQW1aNzNvQnBJUHlsd1k2WUtUVy10NVFLS1NEeU1RaXpvRVFENFlIV193ZDRFazhFMXVoRlBSMGHSAaIBQVVfeXFMTlFGRTJ3NkItOWtacGMzb2VDNEFtQ2VvZG5QN0Nvc1lJaEd4MjJkOWt3eGhMaV9velByQlNseXVzSTVsVEczZUNRRU5jdUFXY25wZ3c4a2dvY21RVlFjM3BSUW45amVBXzVheEVFYk9hS3RPT3U0VFY4LTJzQWNjdWhpbFNEUlJzYm9VQWFDcnRxd0trOEROQmJnNlFKRFdEdG5B)).
-
CBN Reserves
The Central Bank of Nigeria announced it inherited net external reserves amounting to $859 million ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMiggFBVV95cUxONG9zY252TjNYR3VXTVdOdlkzd2ctejRZZFF1dmxISVJsYlVTa1NBOTRFV3Y5YXRuMGx1Vi1VVFgyOWU1bjNYSXpUdjA4ZzRPQWZnY3VtRzVyWlQxbHNySlY4emRsM0EtOFd4SjdTT0dMYlREWjdvVDZrVnJSbjJqUWZ3?oc=5)).
-
Healthcare Policy
The Federal Government has targeted 70% local production of essential medicines by 2030 ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNeUtiQ2dPUHBCck82Qkh6ZTFjU1lDMndjSXM1bXRFcGZCcXF4R3k5eFZWRFhMejZDemw5bnVkTkItUmgwVXlNS3hiazFsSllBVTM3akRUZHVldnBVa24zVHBobUVDckJ5RHQ4ajZKNmpfc2tNX0dqLTZUWl9YN0F2bW9xV2pwcjcwb0ZvVzZPOGltRGN2cHN3QVdaSW4zT3ZyanA0VVRoUGl1UUZQUmtLVXVkMkxlams2NWhKU0RTMGE?oc=5)).
-
Regulatory Pressures
Banks are seeking extensions for CBN data localisation compliance ([Punch Newspapers](https://news.google.com/rss/articles/CBMie0FVX3lxTE5YeUVDQ1Ffc0lSMHZNZklDZ0NnOTRPdllYNG8wSDdZdl9nSUIzWnZQZzF1emFZMjBiRkt6QVhManV6TWtoMk9ZekJlVEFhcnJNZW1wVjZTNXRsNEZYUUVpMHNOblBNbXVGYkNxNF85cXFLYzdnZXllYmhnUQ?oc=5)), while airport taxi firms struggle to meet FAAN regulatory deadlines (punchng).
-
Legislative Action
NASS has extended the 2025 budget deadline to focus on medical and research bills ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMilwFBVV95cUxQVUwxX1g2ZVVwY0N6SUE4bmFWNkRsdTNYVlY2ZDlLVlZPdXppVlE0bTlmMkF0d2MwdktuVGVFdXF0RWFUc3U0aUNLZVVRa2FZZm15RnE2S2pMNmZTbHZQX21qNVRNeDVKMzUtZUh2RDZEeW8zZnlVd1h0UnJGbkl4cmdCZVc4UktNaVQ0Z1h5bm5WMXh6YUkw?oc=5)).
High Risk Alerts
-
Land Acquisition Controversy
The son of FCT Minister Nyesom Wike (PEP) is under scrutiny for a $2.1 million land acquisition in the FCT, complicated by the submission of an American passport, raising legality and nationality concerns ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNYVE5dDBxWmJ2ZGtFRmEwTFVPM1IzSGFyY1RkUXd6QUg5MnU1ZkFWM1Vpa2VyWlF2YnVJM2syc0dNekNzQXhLbE5rMHlRalJNSGlKQjY5cUlVbWVvMS00Tjc4QTlITlVraFl0RXhkLUZBUncwMTlXUWx4dy0yVlN1NXQzcXpTZ2o5UFJzZnl5WGdrM0FwTEo3XzhWZDNPLUdCSWhtaVdIUUx0Y01kOHhNSXdiVkFPa1ZCdlRnOHM4NWktbUtWQ0hSSFZobXVHNXM1TnFweVNrajZZY3JtVUJocUQ2QmpYdw?oc=5)).
-
EFCC Litigation
An individual has sued the Economic and Financial Crimes Commission for N5 million in damages following a "wanted" declaration ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMimAFBVV95cUxPak5TNlMtZmJvWjd5LUJRa3h5M0R6WjdtaHU5bXQxOE1Lb3dRQmdXQTM5bkdkZWRWNzZveXZoVDk5VUpBVERPRzB1UFhpelRHbzIwS3BCR0RLTjNPcjNVTnpvZ2FuNnVsblB0SUk3UVdFS0FFNHZwQlNHb3B2VW84U21qaG1TWU11T2tlUXUwXzdlVDF0VFZSeA?oc=5)).
Beneficial Ownership & PSC Disclosures
No persons with significant control were identified in the provided data.
Procurement & Board Changes
-
US Health Deal
Former VP Atiku Abubakar has demanded transparency regarding a $5 billion healthcare deal between the Federal Government of Nigeria and the United States ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMisAFBVV95cUxQcG1VZXNqYml2VWVnRWN5NEVoYU5uYTFLQmF2czZmUUVrMzdIUGhOSnZPOS1fbm9IRnpKd1VsTk1ZSnpjd1pZbkhoeXdKVFpzRnU2SnRRNDBiYkVnYnh1MUFBdkkybGoxZUxFOHZvVnJsLTRPTmVKY0k2QWlHdW80LUVrVEVReE5PUG1rclFoNzluYmRtSUdlSDlUWFZ1OFMtNlJ4d3NKTE4zNkdNaGNqQQ?oc=5)).
-
Defense Procurement
The Nigerian government is planning the acquisition of 12 attack helicopters from the United States ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMingFBVV95cUxNT3l4eDVaNzctZXBvbFcxUXdnM0lmLWR0MU43QjNDRm5SNk5lQkVpUDVGRndPM2ppRm1UZ0UzcGRIUUtqMnZuSk5VdTQ4NTJiVGxwTW56QzZUcUtMcjV2cGtqUG9SZDVpcXZReXg2VHhveW1yT3pOVHplOURDcUg2LXdjZk9uaWJ2YWdTQ1otZ2NXMl9rd004b0lIQnlmUQ?oc=5)).
-
Customs Appointment
Mu’azu has assumed the role of Customs Controller for the Apapa command ([naijaonpoint_ng](https://naijaonpoint.com.ng/muazu-assumes-duty-as-apapa-customs-controller-pledges-consolidation/)).
-
Other Appointments
A Nigerian national was appointed PR Director at an unnamed Liberian university ([Punch Newspapers](https://news.google.com/rss/articles/CBMickFVX3lxTE9KMFJGSEpFTU12Nk50U0dfY2ZfWDczYkktRnRtTllNSVNERDJUbmR1UTdDanZ1eFJmSnQ4aS1sOVNnR3o3CllVFZiczc2UWdjSE81NU9EYWFRVVhELUk3U1BpVXVQWWdKMHd4T0ZOUk5Cdw?oc=5)).