The Nigerian equities market is entering August 2026 with oil and gas companies, banking stocks, and a select group of undervalued equities expected to remain at the centre of investor attention following a strong recovery in market sentiment. After reviewing key metrics including share-price performance, valuation multiples, revenue growth, profitability and earnings momentum, several […]
Nigerian Exchange Group (NGX) Plc has declared an interim dividend of ₦1.30 per ordinary share for the six months ended June 30, 2026, following a record first-half financial performance driven by stronger trading activity, improved operating efficiency, and higher earnings from its investee companies. According to the Group’s unaudited H1 2026 financial results filed
NGX Group declares ₦1.30 interim dividend after record first-half earnings Read More »
Owning, managing, or occupying a building comes with responsibilities that extend beyond paying rent or maintaining the property. Every day, landlords and tenants welcome visitors, customers, employees, contractors, and members of the public into their premises. While many properties operate without incident, accidents can happen unexpectedly, resulting in injuries, property damage, or even loss of
Compulsory Insurance for Landlords and Tenants: Protecting Lives and Property Read More »
The Dangote Petroleum Refinery has successfully completed a $2.5 billion private placement, marking one of the largest corporate fundraising transactions ever undertaken by an African company. The company announced the development on Thursday, describing the transaction as a major milestone in its long-term growth strategy and its efforts to strengthen its capital structure. The
Dangote Refinery completes $2.5 billion private placement in landmark fundraising deal Read More »
OPay has unveiled an ambitious long-term growth plan, setting targets to reach one billion users, support 10 million merchants, and create one million jobs as it seeks to expand its footprint amid intensifying competition in Nigeria’s fast-growing digital payments industry. The company announced the targets during its Media Parley held in Lagos, where executives
OPay targets one billion users as fintech unveils ambitious long-term growth strategy Read More »
The Nigerian equities market staged a strong recovery on Thursday, July 23, 2026, with investors gaining approximately ₦1.58 trillion in market value as renewed buying interest in large-cap stocks reversed losses recorded in the previous trading session. The NGX All-Share Index (ASI) advanced 0.98% to close at 247,832.97 points, up from 245,418.37 points recorded
Nigerian equities market rebounds as investors gain ₦1.58 trillion in a single session Read More »
Global crude oil prices climbed sharply on Thursday, July 23, 2026, with Brent crude approaching the $100 per barrel mark as renewed fighting between the United States and Iran intensified concerns over potential supply disruptions across the Middle East. Checks showed that Brent crude was trading at $98.47 per barrel, up 4.68%, while West
Global oil prices surge toward $100 per barrel amid renewed US-Iran tensions Read More »
Nigeria’s broad money supply (M3) increased to ₦133.25 trillion in June 2026, up from ₦129.21 trillion in May, despite the Central Bank of Nigeria (CBN) maintaining its benchmark Monetary Policy Rate (MPR) at 26.5% in a continued effort to curb inflation and preserve macroeconomic stability. The increase was disclosed in the CBN’s latest money
Nigeria’s money supply rises to ₦133.25 trillion despite CBN’s tight monetary policy Read More »
Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has further increased his investment in the financial holding company after a related entity acquired 706.13 million ordinary shares valued at approximately ₦77.6 billion in a single transaction on the Nigerian Exchange (NGX). The acquisition was disclosed in a regulatory filing submitted to the
Femi Otedola deepens First HoldCo stake with ₦77.6 billion share acquisition Read More »
The Central Bank of Nigeria (CBN) is facing renewed calls to begin easing its tight monetary policy after economists, financial analysts, and business leaders argued that persistently high interest rates are weighing on private sector growth, restricting access to credit, and slowing job creation despite signs that inflation is beginning to moderate. The renewed
Pressure mounts on CBN to cut interest rates as borrowing costs remain above 30% Read More »
