Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes Centre Stage
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three years, choosing…
Day: August 14, 2026
Pound Holds at N1,837 as Naira Stability Faces Global Currency Pressure
The British pound held around N1,837 against the naira as the Nigerian currency maintained its relative stability despite growing pressure…
Recapitalisation Set to Boost Bank Lending and Tech Investment in H2 2026
Nigeria’s banking sector is entering the second half of 2026 with a stronger financial foundation, following the completion of the…
OPEC: Oil Output, Reforms Sustain Nigeria’s Economic Growth
Nigeria’s economic outlook is showing signs of continued improvement, with higher oil production, ongoing government reforms and stronger private-sector activity…
Nigeria’s $50bn Offshore Oil Investment Push Puts Security in the Spotlight
Nigeria’s ambitious plan to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 is…
Apple Trains China-Specific AI Model With Alibaba Support
Apple is taking a major step to strengthen its artificial intelligence presence in China by training its own AI model…
IBM and OpenAI Team Up to Accelerate Enterprise AI Adoption
IBM and OpenAI are joining forces to take artificial intelligence deeper into the corporate world, as competition for enterprise AI…
Firm unveils report on Nigeria’s evolving tech laws
EandC Legal, a Nigerian startup and commercial law firm, has launched the Nigerian Technology Law Report 2026, a new publication…
NNPC Says Deep Offshore Tax Order Could Unlock $50bn Investment
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s new Deep Offshore Oil and Gas Projects…
Tinubu Vows to Revive Nigeria’s Refineries, Demands Profitable Operations
President Bola Tinubu has renewed his administration’s commitment to reviving Nigeria’s long-idle state-owned refineries, but made it clear that simply…
China Pledges N40bn Grant to Support Nigeria’s Development
China has pledged more than N40 billion (RMB 200 million) in grant assistance to Nigeria, in a move expected to…
CBN lifts restrictions on FX discount window access
The Central Bank of Nigeria (CBN) has relaxed rules governing banks’ access to its Standing Lending Facility (SLF), commonly known…
DMO Raises N5.86 Billion From August Savings Bond Auction as Investor Demand Shifts
The Debt Management Office (DMO) has raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in its…
Stock Futures Turn Choppy as S&P 500 Sets Fresh Record Above 7,800
U.S. stock futures were mixed on Friday as investors took a breather following another record-breaking session on Wall Street. The…
Five NGX Low-Cap Stocks Surge Over 200% as Retail Investors Chase Big Returns
Five low-cap stocks listed on the Nigerian Exchange Limited (NGX) have delivered eye-catching gains of more than 200 per cent…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure pushed the market lower,…
SEC orders freeze of assets linked to six alleged terrorist financiers, three BDCs
The Securities and Exchange Commission (SEC) has ordered capital market operators across Nigeria to immediately freeze funds, assets and other…
Nigeria’s Oil Production Falls 4% as Hormuz Tensions Raise Fresh Energy Concerns
Nigeria’s oil production slipped by four per cent month-on-month in July, highlighting fresh challenges for the country’s fragile production recovery…
AFC Leads $2.5bn Dangote Refinery Equity Raise as Capacity Target Rises to 1.4m bpd
Africa Finance Corporation (AFC) has led a group of strategic investors in a major $2.5 billion equity raise for Dangote…