Naira Strengthens to N1,800 per Pound, Reaching Strongest Level Since February
The Nigerian naira has strengthened against the British pound in the official foreign exchange market, with the pound currently...
Business Daily
NGX Megacaps Add N46.69 Trillion in Market Value in Eight Months
Nine megacap companies listed on the Nigerian Exchange (NGX) added a combined N46.69 trillion in market value between December...
Elumelu’s Seplat stake rises to $1.28 billion as shares climb above N12,000
Tony Elumelu’s stake in Seplat Energy Plc, held indirectly through Heirs Energies Ltd and Heirs Holdings Ltd, has risen...
NGX All-Share Index rises 0.77% as market capitalisation gains N1.22 trillion
The Nigerian equities market extended its bullish run on Tuesday, September 1, 2026, as the benchmark NGX All-Share Index (ASI)...
NGX All-Share Index falls 0.44% in August as investors take profits and rotate into value stocks
The Nigerian equities market ended August 2026 on a weaker note, with the NGX All-Share Index (ASI) declining by...
Nigeria’s Electricity, Gas Sector Contracts 10.63% in Q2 2026 Despite Broader Economic Growth
Nigeria’s electricity, gas, steam and air-conditioning supply sector contracted for the second consecutive quarter in 2026, shrinking by 10.63%...
NNPC Profit Falls 47.9% to N279 Billion in July as Revenue Drops to N3.09 Trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax (PAT) of N279 billion in July...
Nigeria’s formal remittance inflows hit record $947 million in July, up 50.2% in 2026
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, marking the highest...
CBN to Offer N700 Billion in First NTB Auction for September 2026
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the...
Dangote Sugar stock falls 28% from 52-week high, but P/E remains near 500x
Dangote Sugar Refinery Plc closed at N69 per share on August 28, 2026, representing a decline of approximately 28%...
