GDP report, FG’s asset management company launch..business updates to track this week

The Nigerian Bureau of Statistics (NBS) is expected to release a report on the country’s gross domestic product (GDP) for the second quarter (Q2) of 2026.

The bureau also intends to publish a report on Nigeria’s telecommunications sector for the same quarter.

In addition, the NBS will publish reports on the country’s liquefied natural gas price for July 2026.

ZENITH BANK TO HOLD 10TH INTERNATIONAL TRADE SEMINAR ON NON-OIL EXPORTS

Zenith Bank is set to hold the 10th edition of its international trade seminar on non-oil export on Tuesday, August 25, as stakeholders seek to unlock opportunities in Nigeria’s non-oil export sector.

The virtual seminar, themed ‘Unlocking Value and Harnessing Growth’, is scheduled to begin at 9 am and will bring together policymakers, business leaders and other stakeholders to discuss measures to strengthen Nigeria’s export capacity.

The seminar is expected to focus on trade opportunities, export financing, value addition and strategies for improving Nigeria’s position in the global market.

The event will be streamed across Zoom, YouTube, Instagram, X and TikTok, according to the bank.

REA TO LAUNCH RENEWABLE ENERGY ASSET MANAGEMENT COMPANY

The Rural Electrification Agency (REA) is set to launch the Renewable Energy Asset Management Company (RAMCO) on August 26, as part of efforts to attract more private-sector financing into Nigeria’s renewable energy sector.

The launch, scheduled to be held at the Congress Hall of Transcorp Hilton Hotel, Abuja, is being organised in partnership with the Ministry of Finance Incorporated (MOFI) and the Infrastructure Corporation of Nigeria (InfraCorp).

The initiative is expected to provide a platform for managing renewable energy assets and supporting the sustainability of projects while creating opportunities for capital recycling and additional private-sector investment.

The launch comes as the government seeks to expand electricity access through renewable energy projects, including mini-grids and other decentralised power solutions.

SEC TO HOLD DIGITAL INVESTMENT, CAPITAL MARKET PROGRAMME

The Securities and Exchange Commission (SEC) is set to hold a two-day programme on the basics of digital investments and the capital market from Wednesday, August 26, to Thursday, August 27.

The virtual programme is listed on the commission’s 2026 training calendar and is expected to focus on digital investment products, capital-market operations, and opportunities for investors in Nigeria’s evolving digital financial ecosystem.

The programme comes amid increasing use of digital platforms to access investment products and growing efforts by regulators to deepen participation in the capital market.

BINANCE HALTS TRANSACTIONS WITH 17 CRYPTO PLATFORMS IN NIGERIA, UAE, IRAN

Binance says it has stopped processing transactions involving 17 cryptocurrency-asset service providers and platforms following recent regulatory developments.

In a notice to users on Saturday, the cryptocurrency exchange listed the affected entities and dates from which transactions involving the listed companies will no longer be processed.

The crypto platform said the restrictions take effect in phases, with Shelbit (Shelbit General Trading LLC), which operates in the UAE and Iran, and Aban Tether Exchange, which operates in Iran, affected from August 7.