Royal Exchange Plc surged 10.00 percent to the daily price limit on the Nigerian Exchange (NGX) on Monday, emerging as one of the top-performing stocks in a session marked by…
Nigerias Business Confidence Surges Amid Expectations of Stronger Naira and Lower Interest Rates
Business confidence in Nigeria surged in August as companies grew more optimistic about the country’s economic outlook, with the Central Bank of Nigeria’s Business Expectations Survey showing a sharp rise…
Champion Breweries and VFD Group Defy Market Selloff, Outperforming Broader Indices
Champion Breweries Plc and VFD Group Plc emerged as the top performers on the Nigerian Exchange (NGX) on Wednesday, recording strong gains despite a broader market decline that marked the…
Dangotes $40 Billion Expansion Plan Grapples with Crude Supply and Financing Challenges
Dangote Industries’ ambitious $40 billion energy investment plan over the next five years is facing a critical test as the company seeks to secure sufficient crude oil and capital to…
SEC Approves N2.15tn Dangote Refinery IPO, Offer Opens September 14
Nigeria’s Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of 4.1 billion shares in Dangote Petroleum Refinery at N525 each, paving the way for a landmark…
Seplat Drives NGX Higher as Energy Giant Hits 10% Daily Limit
Seplat Energy Plc led the Nigerian Exchange (NGX) higher on Thursday, surging 10 percent to hit its daily price limit and becoming the top-performing heavyweight stock of the session. The…
Uber Exits Nigeria After 12 Years, Reshaping Ride-Hailing Market Landscape
Uber Technologies has officially ended its operations in Nigeria after 12 years, marking the conclusion of one of the most influential international ride-hailing ventures in Africa’s largest economy. The company…
Nigeria Strengthens Case for Credit Upgrade with Robust Growth and Dollar Reserves
Despite these improvements, Moody’s did not upgrade Nigeria’s B3 rating. A positive outlook means an upgrade is more plausible, but only if gains are sustained. The agency still identifies limited…
International Energy Insurance Plunges 26.6% to Top Weekly Losers List
International Energy Insurance Plc recorded the steepest decline on the Nigerian Exchange (NGX) in the week ended August 28, 2026, with its share price dropping 26.61 percent as investors reacted…