Business
Nigerian Stock Market Gains 0.27% Last Week Amid Weak Liquidity and Sustained Selling Pressure
June 1, 2026
Nigerian Stock Market Gains 0.27% Last Week Amid Weak Liquidity and Sustained Selling Pressure
The Nigerian stock market closed the week ended May 29, 2026 on a marginally positive note as the All-Share Index…
Federal Government Lists Additional FGN Bonds on NGX Following May Auction
June 1, 2026
Federal Government Lists Additional FGN Bonds on NGX Following May Auction
The Federal Government of Nigeria has increased the outstanding stock of two sovereign bond instruments following the supplementary listing of…
Stanbic IBTC Independent Director Offloads 303,800 Shares in Insider Transaction
June 1, 2026
Stanbic IBTC Independent Director Offloads 303,800 Shares in Insider Transaction
is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20…
Foreign Investors Shift to Fixed-Income Assets as Long-Term Capital Commitments Weaken
June 1, 2026
Foreign Investors Shift to Fixed-Income Assets as Long-Term Capital Commitments Weaken
Foreign investors significantly reduced long-term commitments to Nigeria’s economy in January 2026, even as total foreign capital inflows climbed to…
Dangote Sugar Opens Trading for ₦485.9 Billion Rights Issue
June 1, 2026
Dangote Sugar Opens Trading for ₦485.9 Billion Rights Issue
Dangote Sugar Refinery Plc has commenced trading of its rights issue on the Nigerian Exchange Limited (NGX) as the company…
The Initiates Plc Acquires Majority Stake in Uganda Unit for $2.02 Million
June 1, 2026
The Initiates Plc Acquires Majority Stake in Uganda Unit for $2.02 Million
The Initiates Plc (TIP) has increased its ownership stake in The Initiates Uganda (TIU) to 55 percent following the acquisition…
Oil Prices Climb as Middle East Tensions Renew Supply Concerns
June 1, 2026
Oil Prices Climb as Middle East Tensions Renew Supply Concerns
Crude oil prices advanced on Monday as escalating tensions in the Middle East renewed concerns over global energy supply disruptions.…
Dollar to Naira Black Market Exchange Rate Today, Monday, June 1st, 2026
June 1, 2026
Dollar to Naira Black Market Exchange Rate Today, Monday, June 1st, 2026
The Dollar to Naira exchange rate in the black market remained a key focus for businesses, travelers, importers and investors…