Nigerian Stocks Gain N160 Billion as Nestlé, 19 Others Lift Market Capitalisation
The Nigerian equities market started the week on a positive note, with market capitalisation rising by N160 billion as gains…
T-Bill Demand Stays Strong as Investors Turn Cautious on Long-Term Bonds
Nigeria’s fixed-income market is showing a clear shift in investor preference as strong demand for Treasury bills contrasts with growing…
JPMorgan Relisting: FG Projects $17.5bn Inflow as Nigeria Returns to Global Bond Index
The Federal Government has projected that Nigeria’s JPMorgan relisting could attract about $17.5bn into the country’s debt market while reducing…
Nigeria’s Bonny Light Surges Past $115 as Saudi Pipeline Disruption Fuels Oil Price Rally
Nigeria’s Bonny Light crude has surged above $115 per barrel, extending the rally in global oil prices as heightened tensions…
Syria Fuel Crisis Raises Fresh Energy Security Concerns for Nigeria
Syria’s worsening fuel crisis has exposed the risks countries face when they depend heavily on imported crude, refined petroleum products…
NGX Rises 0.10% as Banking Stocks Lift Market on Dangote Refinery IPO Opening
The Nigerian equities market started the week on a positive note, with the Nigerian Exchange Limited (NGX) All-Share Index gaining…
Dangote Refinery IPO Rush Overwhelms Investment Platforms as Investors Scramble for Shares
The Dangote Refinery IPO has triggered a surge in investor activity across digital investment platforms, with Bamboo and Cowrywise recording…
Aliko Dangote’s Net Worth Surges to $51.3bn as Refinery IPO Boosts Wealth
Aliko Dangote’s net worth has surged by 63.37 percent to $51.3 billion following the launch of the initial public offering…
FG Raises N1.23 Trillion to Tackle N4 Trillion GenCo Debt
The Federal Government has raised N1.23 trillion through two bond issuances as part of efforts to address about N4 trillion…
Dangote Refinery Offers Retail Investors Extra Shares for Holding IPO Stock
Dangote Petroleum Refinery & Petrochemicals FZE has introduced an incentive aimed at encouraging more retail investors to participate in its…
Call Masking Resurges in Nigeria’s Telecom Sector as NCC Moves to Crack Down
Nigeria’s telecommunications sector is facing renewed concerns over the resurgence of call masking, an illegal practice that disguises international calls…
Dangote Refinery IPO Opens at N525 as Company Targets N2.15 Trillion
The Dangote Refinery IPO has officially opened on the Nigerian Exchange (NGX), giving investors an opportunity to own a stake…
Nigeria Returns to JP Morgan Bond Index After 11 Years, Gets 7.4% Weighting
Nigeria is set to make a major return to the global fixed-income market as J.P. Morgan includes the country in…
SEC Warns Investors Against Fake Dangote Refinery IPO Platforms
The Securities and Exchange Commission (SEC) has issued a fresh warning to investors participating in the Dangote Refinery IPO, cautioning…
Tinubu Seeks BRICS Investment in AI, Digital Infrastructure and Critical Minerals
President Bola Tinubu has called for stronger investment cooperation between Nigeria and BRICS countries, with a focus on artificial intelligence…
Lower Vehicle Tariffs May Not Bring Auto Imports Back to Lagos as Port Costs Remain High
The Federal Government’s decision to reduce vehicle tariffs may have lowered the cost of importing cars into Nigeria, but industry…
Nigeria’s Agricultural Imports Drop 8.5% to N2.03 Trillion in First Half of 2026
Nigeria’s agricultural imports fell by 8.5% year-on-year to N2.03 trillion in the first half of 2026, according to an analysis…
August Inflation May Rise Above 15.43% as Food and Fuel Costs Keep Pressure on Prices
Nigeria’s headline inflation rate could rise in August after two consecutive months of decline, with analysts projecting a reading between…
OpenAI’s Sam Altman Warns AI Race Could Go Too Far as Industry Calls for Slowdown
The global artificial intelligence race may be heading for a reality check as OpenAI CEO Sam Altman joins other technology…
Telcos Deploy 8,526 Network Sites as Fibre Cuts Threaten Nigeria’s Connectivity
Mobile network operators in Nigeria have deployed 8,526 network sites out of the 12,179 coverage and capacity sites they committed…
DMO Opens N1tn FGN Bond Offer as Minimum Investment Hits N50m
The Federal Government has opened another major investment window as the Debt Management Office (DMO) begins subscription for N1tn worth…
CBN: Nigerian Banks Shut 476 Branches in Three Years as Digital Banking Gains Ground
Nigeria’s banking landscape is changing rapidly, with banks shutting 476 branches and cash centres between 2022 and 2025, according to…
Hormuz Traffic Plunges as Saudi Pipeline Shutdown Deepens Middle East Oil Supply Fears
The Strait of Hormuz oil supply route is facing fresh pressure as the number of commodity vessels crossing the strategic…
India Wants More Nigerian Crude as Shettima, Modi Move to Revive $9bn Trade Ties
India is seeking to increase its purchases of Nigerian crude oil as Abuja and New Delhi move to strengthen trade…
Dangote Refinery IPO Sparks Digital Race for 10 Million Nigerian Investors
The Dangote Refinery IPO has triggered a major digital scramble among Nigerian banks, stockbrokers and fintech companies as financial platforms…
NGX Market Turnover Falls 16% to N130bn as Investors Cut Back on Trading
The Nigerian Exchange Limited (NGX) recorded a sharp slowdown in trading activity last week, with total market turnover falling 16.4…
Dangote Refinery IPO: Rewane Sees Nigeria’s Economy Hitting $600bn as IPMAN Urges Investment
The planned Dangote Refinery IPO is attracting growing attention as the Independent Petroleum Marketers Association of Nigeria (IPMAN) urges its…
NTB Demand Hits N2.64trn as Investors Race for Nigerian Government Bills
Investor appetite for Nigerian Treasury Bills (NTBs) has surged, with total bids reaching N2.64 trillion at the latest auction, more…
NGX Rebounds as Trading Volume Surges 162%, Investors Gain ₦100bn
Trading activity on the Nigerian Exchange (NGX) bounced back strongly as investors traded 1.4 billion shares, representing a 161.79 per…
NGX Rebounds as Seplat, Transcorp and GTCO Lift Market Despite Weak Breadth
The Nigerian Exchange (NGX) staged a modest recovery on Thursday, September 10, ending a two-day losing streak as the All-Share…