Nigerian stocks at record high despite Dangote’s refinery IPO high interest
The NGX equities market continued its strong bullish run (with the ASI at 249,804 index points), supported by demand for bellwethers, energy/industrial stocks, and banking subsectors. The post Nigerian...
View ArticleHow other Dangote Group companies performed after listing
Dangote Petroleum Refinery’s N2.15 trillion public offer at N525 per share opened on Monday, September 14, 2026, raising an important question for investors: what happens after the offer and eventual...
View ArticleDangote Refinery’s overlooked advantage could be its working-capital model
Dangote Refinery’s N525 public offer conversation has largely centered on valuation, its N2.5 trillion H1 2026 profit and whether those earnings can be sustained. The post Dangote Refinery’s overlooked...
View ArticleBehind Dangote Refinery’s N2.15 trillion IPO is an army of Nigeria’s top...
The N2.15 trillion initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals has assembled some of Nigeria’s biggest investment banks, law firms, accountants and professional...
View ArticleBREAKING: NGX market cap hits N162 trillion for the first time ever
The Nigerian Stock Market hit a record N162.2 trillion in market cap for the first time ever as stocks closed the week on a high. The post BREAKING: NGX market cap hits N162 trillion for the first time...
View ArticleNASD appoints Mrs. Arese Ugwu as new Acting Managing Director
The National Association of Securities Dealers (NASD) has announced the appointment of Mrs. Arese Ugwu as its new Acting Managing Director. The post NASD appoints Mrs. Arese Ugwu as new Acting Managing...
View ArticleBest performing Equity mutual funds in Nigeria as of August 2026
Nigeria's equity mutual fund segment pulled back to a net asset value (NAV) of N230.50 billion as of August 28, 2026, down 4.51% from N241.38 billion recorded at the end of July, as renewed market...
View ArticleIMF warns financial shocks alone do not justify FX intervention
The International Monetary Fund (IMF) has cautioned that evidence of financial shocks in foreign exchange markets does not, on its own, justify central bank intervention, stressing the need for a...
View ArticleHow much Nigerian fintechs could earn from Dangote Refinery’s N2.15 trillion IPO
When the Dangote Petroleum Refinery IPO went live on the Nigerian Exchange on Monday, September 14, excitement among retail investors was enormous. The post How much Nigerian fintechs could earn from...
View ArticleNGX hits N159.9 trillion market cap as turnover hits 1.1 billion shares
The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, September 17, 2026, with investors gaining approximately N1.18 trillion as the market capitalization of listed equities rose to...
View ArticleAirtel Money plans to cut IPO target by up to 60%, targets $800 million
Airtel Africa Plc is considering cutting the amount it plans to raise from the initial public offering (IPO) of its mobile money business, Airtel Money, by as much as 60% to at least $800 million,...
View ArticleHawkish US Fed tames Naira Bullish Outlook
The recent 25-basis-point rate increase and hawkish forward guidance issued by the U.S. Federal Reserve have exerted upward pressure on the US dollar, thereby limiting near-term bullish sentiment in...
View ArticleTony Elumelu’s stake in Seplat added N311.5 billion in two weeks, now worth...
The value of Tony O. Elumelu’s stake in Seplat Energy Plc has increased by approximately N311.5 billion in just over two weeks, following a sharp rise in the energy company’s share price on the...
View ArticleSeplat Energy shares hit record N14,907 as oil market disruption boosts...
Seplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to N14,907.80 from N13,552.60. The post Seplat Energy shares hit...
View ArticleAradel, Seplat, Oando build N2.86 trillion cash war chest for...
Aradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to support post-acquisition growth and higher...
View ArticleUS rate hike threatens naira as investors eye safer dollars
The US Federal Reserve’s decision to raise interest rates by 25 basis points could increase pressure on emerging markets as investors reassess the returns available from dollar-denominated assets. The...
View ArticleGTI values Dangote Refinery at N493, below N525 IPO price as valuation debate...
GTI Research has put Dangote Petroleum Refinery and Petrochemicals' (DPRP) probability-weighted fair value at approximately N493 per share, below the N525 offer price at which the company is currently...
View ArticleSterling, AIICO, Fidelity lead volume as NGX gains N315 billion
The Nigerian Exchange (NGX) recorded a total turnover of 662.35 million shares on Wednesday, September 16, 2026, as investors maintained strong activity across banking, insurance and financial services...
View ArticleNigerian Blue-Chip stocks hold sway amid Dangote’s refinery IPO
The Nigerian capital market is at a pivotal juncture with the Dangote Refinery IPO, amidst a bullish trend across the Nigerian Exchange (NGX). The post Nigerian Blue-Chip stocks hold sway amid...
View ArticleOpenAI weighs new funding round at over $1.2tn valuation ahead of IPO
OpenAI is in early talks with investors about a new funding round that could value the ChatGPT maker at more than $1.2 trillion, as the artificial intelligence company weighs additional capital ahead...
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