Business

Dangote Plans Pan-African IPO for $20 Billion Refinery Across Multiple Exchanges

Dangote Plans Pan-African IPO for $20 Billion Refinery Across Multiple Exchanges

Aliko Dangote is advancing plans to list his flagship refining business, Dangote Petroleum Refinery and Petrochemicals, on multiple African stock…
Stock Market Gains ₦442 Billion as ASI Rises to 204,458.86 on Renewed Buying

Stock Market Gains ₦442 Billion as ASI Rises to 204,458.86 on Renewed Buying

The Nigerian stock market opened the week on a strong note on Monday as the All-Share Index (ASI) advanced from…
Dollar to Naira Black Market Exchange Rate Today, Tuesday, April 14th 2026

Dollar to Naira Black Market Exchange Rate Today, Tuesday, April 14th 2026

The Dollar to Naira black market exchange rate recorded a slight moderation on Tuesday, April 14th 2026, as short-term dollar…
Oil Prices Rally Above $100 Amid Strait of Hormuz Supply Concerns

Oil Prices Rally Above $100 Amid Strait of Hormuz Supply Concerns

Crude oil prices climbed sharply on Monday as escalating geopolitical tensions in the Middle East pushed global benchmarks above the…
Nigeria Faces Capital Outflow Risk as Global Investors Shift to Safe-Haven Assets

Nigeria Faces Capital Outflow Risk as Global Investors Shift to Safe-Haven Assets

Nigeria is facing renewed risk of capital outflows as escalating geopolitical tensions and global financial uncertainty drive investors toward safer…
Nigerian Corporates Raise Over ₦1.58 Trillion via Capital Markets as High Lending Rates Drive Funding Shift

Nigerian Corporates Raise Over ₦1.58 Trillion via Capital Markets as High Lending Rates Drive Funding Shift

Nigerian corporates are increasingly turning to the debt capital market to meet funding needs as elevated bank lending rates continue…
MTN Nigeria Secures Dual Global IT Certifications, Strengthens Technology Governance

MTN Nigeria Secures Dual Global IT Certifications, Strengthens Technology Governance

MTN Nigeria Communications Plc has obtained two major international certifications in information technology service delivery and governance. The company announced…
Ellah Lakes Reports ₦146.66 Million Revenue, Expands Assets to ₦28.26 Billion in 17-Month Results

Ellah Lakes Reports ₦146.66 Million Revenue, Expands Assets to ₦28.26 Billion in 17-Month Results

Ellah Lakes Plc has released its audited financial results for the seventeen-month period ended December 31, 2025, showing a transition…
Stock Market Gains ₦1.36 Trillion as ASI Rises 1.03% on Strong Banking Rally

Stock Market Gains ₦1.36 Trillion as ASI Rises 1.03% on Strong Banking Rally

The Nigerian stock market closed the week ended Thursday on a strong positive note as the All-Share Index (ASI) advanced…
Oando Plans $750 Million Raise as Output Growth Target Hits 300%

Oando Plans $750 Million Raise as Output Growth Target Hits 300%

Nigerian energy firm Oando Plc is seeking to raise up to $750 million in fresh capital this year to fund…
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