|Economy|
Nigeria’s low capital market to GDP ratio worries stakeholders: Nigeria’s capital market to GDP ratio which is at 20% is a source of worry to the Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE), and the capital market operators. The market is worse off as companies in key sectors that contribute to the size of Nigeria’s GDP are not listed on the stock market. Source: Businessday

|Corporate|
IEI-Anchor Pension raises share capital to N3b: Shareholders of IEI-Anchor Pension Managers have voted to raise the company’s share capital from N2.222 billion to N3 billion in a move to accommodate the increasing strategic partners’ interests that could help expand the business further. Source: The Nation

|Infrastructure|
Firm seeks $800m to execute Lekki Deep Seaport project: The promoter of Lagos Free Trade Zone (LFTZ), Tolaram Group, is seeking $800 million from local and international financial institutions to actualize the proposed Lekki Deep Sea Port project. LFTZ Director of Finance, Kunda Sainani has confirmed that the firm has secured $150 million loan from the Africa Development Bank (AfDB) to execute the project. Source: TheGuardian

|Oil & Gas|
$3.8bn Egina project takes off in Apapa: The $3.8 billion Egina floating production storage and offloading (FPSO) vessel situated at Lagos Deep Offshore Logistics (LADOL) base has commenced operation. This is a sequel to a renewed pact between the technical facilitators, LADOL and Samsung Heavy Industries (SHI). The two companies are expected to inject not less than $300 million into the creation of the new facility, which is expected to provide employment opportunities to many unemployed Nigerians. Source: This Day