The combined market capitalisation of 12 listed deposit money banks in Nigeria reached N22.51 trillion in the first half of 2026, driven by the successful implementation of reforms by the Central Bank of Nigeria (CBN) and strong earnings from these institutions, according to ThisDay Live.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

PZ Cussons reported a significant increase in its annual net profit, which rose by 298% to N49.1 billion. This surge was primarily attributed to a profit of N38.7 billion from the disposal of fixed assets, a stark contrast to the N6.5 million recorded in the previous year, according to Premium Times Business.

New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.

According to Punch, Nigeria's top banks raised their technology budgets by 43% in the first quarter of 2026, investing N119 billion in digital infrastructure. This increase aims to enhance services and address the growing demand for digital transactions.

The Nigerian stock market recorded a gain of N3.2 trillion for investors during the week, attributed to renewed interest in sectors such as banking, telecommunications, and oil and gas, according to Premium Times Business.