NIGERIA - NGX meets FTSE Rusell, international investors in London over T+1 concerns
NIGERIA - Dangote Refinery vs AGF: Matrix, AA Rano, AYM seek to join N100 billion import licence suit
Three major oil marketers—Matrix Energy, AA Rano, and AYM Shafa—have applied to join the fresh N100 billion import licence suit filed by Dangote Refinery against the Attorney General of the Federation (AGF) at the Federal High Court in Lagos.
Three major oil marketers—Matrix Energy, AA Rano, and AYM Shafa—have applied to join the fresh N100 billion import licence suit filed by Dangote Refinery against the Attorney General of the Federation (AGF) at the Federal High Court in Lagos.
NIGERIA - NGX Mints N9.34trn in One Week
The Nigerian Exchange Limited (NGX) added ₦9.34 trillion to investor portfolios during the trading week ending Friday, July 10, 2026, marking an aggressive rebound from a three-week bearish streak
The Nigerian Exchange Limited (NGX) added ₦9.34 trillion to investor portfolios during the trading week ending Friday, July 10, 2026, marking an aggressive rebound from a three-week bearish streak
NIGERIA - NGX: Equities shed N1.32 trillion on profit-taking in industrial goods, banking, consumer stocks
The Nigerian equities market shed a whopping N1.32 trillion on Monday, extending Friday’s marginal decline as sell pressure across 46 stocks dominated by industrial goods, banking, and consumer stocks outweighed buying interest in 19 price gainers.
The Nigerian equities market shed a whopping N1.32 trillion on Monday, extending Friday’s marginal decline as sell pressure across 46 stocks dominated by industrial goods, banking, and consumer stocks outweighed buying interest in 19 price gainers.
NIGERIA - Dangote Refinery switches petrol, diesel sales from naira to dollars
The Dangote Petroleum Refinery has moved the sale of some of its refined petroleum products, including Premium Motor Spirit (PMS), popularly called petrol, and Automotive Gas Oil (AGO), also known as diesel, from naira to US dollars, a development that could affect how fuel marketers and bulk buyers source products in Nigeria.
The Dangote Petroleum Refinery has moved the sale of some of its refined petroleum products, including Premium Motor Spirit (PMS), popularly called petrol, and Automotive Gas Oil (AGO), also known as diesel, from naira to US dollars, a development that could affect how fuel marketers and bulk buyers source products in Nigeria.
Airtel Africa becomes NGX's most valuable company with over N21tn Valuation
Airtel Africa became the first company on the Nigerian Exchange (NGX) to surpass a N20 trillion market capitalization, peaking at over N21.8 trillion.
This historic milestone follows a massive 10% single-day share price rally to a 52-week high of N5,801.40 per share, fueled by aggressive share buyback programs and a recent cashless share transfer that increased Bharti Airtel's direct ownership to 79.04%.
Airtel Africa became the first company on the Nigerian Exchange (NGX) to surpass a N20 trillion market capitalization, peaking at over N21.8 trillion.
This historic milestone follows a massive 10% single-day share price rally to a 52-week high of N5,801.40 per share, fueled by aggressive share buyback programs and a recent cashless share transfer that increased Bharti Airtel's direct ownership to 79.04%.
NIGERIA - President Tinubu will unveil the N2.4tn Abuja City Walk project, a 250-hectare urban district featuring Africa's tallest tower and Nigeria's largest indoor event centre
NGX records N32.73 billion in major deals as First HoldCo, Seplat dominate trading
Investors on the Nigerian Exchange (NGX) executed major deals worth approximately N32.73 billion on Tuesday, July 14, 2026, spanning 19 separate block trades across seven listed companies.
Tuesday’s cumulative value of the block trades was three times higher than the N7.23 billion in cross deals recorded in the previous week, July 7, precisely.
Investors on the Nigerian Exchange (NGX) executed major deals worth approximately N32.73 billion on Tuesday, July 14, 2026, spanning 19 separate block trades across seven listed companies.
Tuesday’s cumulative value of the block trades was three times higher than the N7.23 billion in cross deals recorded in the previous week, July 7, precisely.
NIGERIA - Nigeria’s foreign reserves hit $51.86 billion, highest since 2009
Nigeria’s external reserves have surged to $51.86 billion as of July 14, 2026, marking their highest level in over 17 years and outperforming the Central Bank of Nigeria’s (CBN) annual projections.
Nigeria’s external reserves have surged to $51.86 billion as of July 14, 2026, marking their highest level in over 17 years and outperforming the Central Bank of Nigeria’s (CBN) annual projections.
Nigeria - Nigeria’s external reserves have climbed to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year.
NIGERIA - First HoldCo hits record N87.25 as market value crosses N3.8 trillion
Shares of First HoldCo Plc climbed to an all-time high of N87.25 during trading on the Nigerian Exchange (NGX) on Thursday, pushing the financial services group’s market capitalization above N3.8 trillion for the first time in its history.
Shares of First HoldCo Plc climbed to an all-time high of N87.25 during trading on the Nigerian Exchange (NGX) on Thursday, pushing the financial services group’s market capitalization above N3.8 trillion for the first time in its history.
NIGERIA - SEC launches nationwide campaign to recover N270 billion unclaimed dividends
The Securities and Exchange Commission (SEC) has launched a nationwide enlightenment campaign to help Nigerian investors recover unclaimed dividends and other funds arising from capital market transactions.
The Securities and Exchange Commission (SEC) has launched a nationwide enlightenment campaign to help Nigerian investors recover unclaimed dividends and other funds arising from capital market transactions.
NIGERIA - Nigerian equities slip as BUA Cement drags market despite First HoldCo’s record rally
The Nigerian equities market closed marginally lower on Thursday, July 16, 2026, as a sharp selloff in heavyweight industrial stocks, led by BUA Cement, outweighed strong buying interest in banking counters and First HoldCo’s historic rally.
The Nigerian equities market closed marginally lower on Thursday, July 16, 2026, as a sharp selloff in heavyweight industrial stocks, led by BUA Cement, outweighed strong buying interest in banking counters and First HoldCo’s historic rally.
NIGERIA - Dangote Refinery raises $2.5 billion in private placement ahead of planned IPO
Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement as it prepares for a planned initial public offering (IPO) later this year, strengthening its financing position ahead of its next phase of expansion.
Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement as it prepares for a planned initial public offering (IPO) later this year, strengthening its financing position ahead of its next phase of expansion.
NIGERIA - Transcorp Power’s H1 pre-tax profit dips 6.37% to N54.99 billion, declares N1.50 dividend
Transcorp Power Plc has released its H1 2026 results for the period ended June 30, 2026, reporting a pre-tax profit of N54.99 billion, representing a 6.37% YoY decline from N58.73 billion in H1 2025.
Transcorp Power Plc has released its H1 2026 results for the period ended June 30, 2026, reporting a pre-tax profit of N54.99 billion, representing a 6.37% YoY decline from N58.73 billion in H1 2025.
NIGERIA - BUA Foods re-elects Abdul Samad Rabiu as chairman, approves N28 final dividend
Shareholders of BUA Foods Plc have re-elected Abdul Samad Rabiu as Chairman of the company and approved a final dividend of N28.00 per ordinary share for the 2025 financial year.
Shareholders of BUA Foods Plc have re-elected Abdul Samad Rabiu as Chairman of the company and approved a final dividend of N28.00 per ordinary share for the 2025 financial year.
Nigeria - Trump praises Nigeria's efforts against violence towards Christians
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Nigeria - Airtel Africa said on Thursday it had picked the London Stock Exchange for the listing of its mobile money business due later this year - Reuters
NIGERIA - Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, according to the latest data from the Central Bank of Nigeria (CBN) - Nairametrics
Nigeria - S&P Global Ratings acquired a majority stake in Nigeria-based Agusto to expand its coverage in Africa, which is seen as underserved by global ratings companies
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