Nine of Nigeria’s Top 10 Consumer Goods Firms Earned Less Dollar Revenue in 2025 Than in 2022
Nine of Nigeria’s ten largest listed consumer goods companies generated lower dollar-denominated revenue in 2025 than they did in...
Business Daily
Euro Holds Near N1,548 as Naira Strengthens on Rising FX Reserves
The Euro-to-Naira exchange rate has remained relatively stable around N1,548/€, supported by the recent appreciation of the Nigerian naira...
NGX Postpones New Pricing Methodology as Market Absorbs T+1 Reforms and Prepares for Dangote Refinery IPO
The Nigerian Exchange (NGX) has postponed the implementation of its revised pricing methodology for equities trading as capital market participants...
CBN Cuts One-Year Treasury Bill Rate to 16.62% as Investors Bid N2.64 Trillion
The Central Bank of Nigeria (CBN) allotted N1.054 trillion at its Wednesday, September 9, 2026, Treasury Bills primary market...
Naira Weakens to N1,334/$ as Interbank FX Turnover Jumps 70%
The naira weakened by N11.10 against the US dollar in the interbank foreign exchange market on Wednesday, September 9,...
NGX Sheds N1.67 Trillion as Sell-Off Deepens Ahead of Dangote Refinery IPO
The Nigerian equities market extended its sell-off for a second consecutive session on Wednesday, September 9, 2026, as heavy losses...
Nigeria Spends N3.30tn on Food and Beverage Imports in H1 2026
Nigeria spent N3.30 trillion on food and beverage imports in the first half of 2026, with import expenditure accelerating...
Tinubu Secures Over $50bn in FDI Commitments, but Only $2.06bn Has Materialised
President Bola Ahmed Tinubu has secured more than $50 billion in Foreign Direct Investment (FDI) commitments through 87 Memoranda...
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...
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...
