United Bank for Africa, UBA, carry the heaviest trading volume for Nigerian Exchange as 48.1 million of im shares, worth N2.12 billion, change hands. Investors King report on Wednesday, 21 October 2026, say na UBA lead NGX trading for that session.
That N2.12 billion na one of several “12 billion” figures wey show inside business news within the same week, even though the stories no get anything to do with each other. One $12 billion package dey for Uzbekistan, one $12 billion arbitration claim dey for Kazakhstan, and one $12 billion self-dealing problem dey for private equity, according to Bloomberg.
For Uzbekistan, the government announce 54 agreements and prospective initiatives wey e value at about $12 billion during the visit of United States Secretary of State Marco Rubio to Samarkand on 19 October. The Times Of Central Asia report say the Ministry of Investment, Industry and Trade list engine supplies from GE Aerospace for new Uzbekistan Airways aircraft as part of the package.
But the ministry make that value conditional on implementation, and the presidency account say a comprehensive implementation programme go dey developed for the agreements and initiatives. The report note say the October $12 billion fit include projects wey still dey await finance or development, and say the evidence wey dem examine no provide the individual values wey go allow anybody reconstruct the $12 billion total.
No be first time Uzbekistan and United States dey put big figures on paper. In November 2025, Donald Trump announce say Uzbekistan go undertake roughly $35 billion in purchases and investment inside American sectors over the following three years, but the stated total no separate wetin be purchases and wetin be investment. In September 2026, Investment Minister Laziz Kudratov talk say projects worth $7 billion don already complete.
For Kazakhstan side, Bloomberg report say the International Court of Arbitration for The Hague throw out $12 billion claim wey Kazakhstan file against Western oil corporations. Sources tell the agency say Astana demand the refund too late for the production period between 2011 and 2015, and statute of limitations don expire, so the arbitration reject claims for $12 billion out of almost $20 billion. The dispute never finish, as Kazakhstan claims for the remaining $8 billion still dey ground, and the information never get official confirmation.
The money relate to Kashagan, Kazakhstan second largest oil field, wey dey managed by the state and NCOC oil consortium wey get KazMunayGas, Eni, ExxonMobil, Royal Dutch Shell, Total, CNPC and Inpex as members. Astana bin talk before say e go demand compensation of $150 billion, mainly for lost income, environmental violations and transactions wey corruption touch.
