Nigerian Stocks Lose N1.88tn as Investors Take Profit Ahead of Dangote Refinery IPO
The Nigerian equities market reversed Monday’s bullish run on Tuesday, September 8, 2026, as heavy profit-taking across major stocks...
Month: September 2026
Dangote’s Beneficial Ownership in Refinery to Remain at 84.34% After IPO
Despite a planned N2.15 trillion share sale in what is expected to be Africa’s largest public offering, Aliko Dangote’s...
Dangote Refinery Valued Above N65.22tn IPO Market Capitalisation by Nigerian Analysts
Two Nigerian investment firms, CardinalStone Research and Chapel Hill Denham, have independently valued Dangote Petroleum Refinery and Petrochemicals FZE...
Nigeria’s FX Utilisation Hits $50.93bn in 2025, Highest in Six Years
Nigeria’s foreign exchange utilisation surged to $50.93 billion in 2025, its highest annual level since 2019, as demand for...
FTSE Frontier 50 Adds Six Nigerian Stocks as Nigeria Prepares to Rejoin Frontier Market
FTSE Russell has added six Nigerian companies to the FTSE Frontier 50 Index, placing some of the country’s largest...
Dangote Refinery IPO to Become Nigeria’s First Fully Digital Retail Public Offer
The planned Initial Public Offer (IPO) of Dangote Petroleum Refinery will become the first public offer in Nigeria...
OMO Maturities to Rise 30.67% to N2.94tn as System Inflows Stay Above N3tn
Open Market Operations (OMO) maturities are projected to rise by 30.67 percent to N2.94 trillion this week from N2.25 trillion...
CBN Offers N500bn Treasury Bills Across 91, 182 and 364-Day Tenors
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has announced a N500 billion Nigerian...
African Startups Raise $435.2m in August as Nigeria Dominates Funding
African startups recorded a sharp increase in disclosed funding in August 2026, with the continent’s 10 largest deals accounting...
Eight NGX Companies Join the $5 Billion Mega-Cap Club With Combined Value of N103.12 Trillion
Just eight companies listed on the Nigerian Exchange (NGX) had market capitalisations of at least $5 billion as of September...
