Daily Business Reporter

Apex African Gas Nigeria Limited has commissioned a new 70-ton-per-day Air Separation Unit (ASU) plant in Satellite Town, Lagos, in a project valued at more than N10 billion. The facility was officially commissioned on June 25, 2026, marking a significant expansion of Nigeria’s domestic industrial gas production capacity. Production capacity rises to 110 tons per […]

The Nigerian equities market experienced its sharpest decline of the year on Wednesday, June 24, 2026, as aggressive profit-taking in major cement and power stocks triggered a broad market selloff that erased N3.64 trillion in investor wealth. According to trading data from the Nigerian Exchange Group (NGX), the All-Share Index (ASI) fell by 2.35%, closing

  Market analysts have identified the potential listing of the Dangote Petroleum Refinery and increasing political spending ahead of Nigeria’s 2027 general elections as two major factors likely to shape the direction of the Nigerian stock market during the second half of 2026. The assessment comes as the Nigerian Exchange Group navigates a significant correction

  Credit extended to the Nigerian government rose significantly over the past year, reaching N40.38 trillion in May 2026, as public-sector borrowing continued to expand despite the relatively tight monetary policy environment maintained by the Central Bank of Nigeria (CBN). According to the latest CBN data, credit to government increased by N17.39 trillion from N22.99

  Some of Nigeria’s leading institutions in housing finance, banking, and construction have emerged as Power Sponsors of the 20th edition of the Africa International Housing Show (AIHS @20 – Legacy Edition), reinforcing the event’s position as one of Africa’s largest housing and real estate gatherings. The landmark edition is scheduled to hold from July

  Nigerians held N5.19 trillion outside the banking system as of May 2026, underscoring the continued reliance on cash transactions despite sustained efforts by regulators, banks, and fintech companies to deepen digital payments adoption and financial inclusion. According to the latest Money and Credit Statistics released by the Central Bank of Nigeria, currency outside banks

  Nigeria’s broad money supply (M3) increased to N129.21 trillion in May 2026, highlighting continued growth in liquidity within the economy despite the Central Bank of Nigeria’s commitment to maintaining a tight monetary policy environment. According to the latest Money and Credit Statistics released by the Central Bank of Nigeria, broad money supply rose from

  The Nigerian equities market recorded a strong recovery on Monday, June 22, 2026, with investors gaining N1.52 trillion in market capitalization as buying interest returned to major banking stocks, particularly First HoldCo Plc and Guaranty Trust Holding Company Plc (GTCO), both of which hit the maximum daily gain of 10%. The rally ended a