34 Firms Raise N1.99trn Amid Expansion, Job Creation Target

Thirty-four companies raised N1.99 trillion from the Nigerian capital market in the first nine months of 2026, as businesses sought fresh funding to support expansion, strengthen operational capacity and position themselves for growth amid persistent economic pressures.
The capital-raising surge underscores the growing importance of the Nigerian Exchange Limited (NGX) as a source of long-term financing for businesses seeking alternatives to expensive bank loans and short-term funding options amid persistent economic pressures.
Beyond strengthening corporate balance sheets, analysts said the funds could support investments in factories, machinery, technology, distribution networks and ...