Economy

Five Investors Take 72.35% Stake in Abbey Bank After N64.55bn Private Placement

Five investors have acquired a combined 72.35 percent stake in Abbey Bank Plc after the lender completed a N64.55 billion…

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Alawuba Says Nigeria’s Economy Stabilising as Key Indicators Improve

United Bank for Africa Group Managing Director, Oliver Alawuba, has said improvements in Nigeria’s key economic indicators are providing evidence…

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Sovereign Trust Insurance Leads Equity Gainers With 9.69% Rally

Sovereign Trust Insurance Plc led equity gainers on the Nigerian Exchange (NGX) on September 16, rising 9.69 percent as renewed…

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Fitch Flags Debt, Liquidity Risks in Nigeria’s $5bn Abu Dhabi Swap Deal

Fitch Ratings has flagged debt-management and liquidity risks associated with Nigeria’s $5 billion Total Return Swap (TRS) with First Abu…

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GTCO Leads NGX by Value With N5.27 Billion in Trades

GTCO Plc emerged as the biggest destination for trading capital on the Nigerian Exchange (NGX) on September 16, accounting for…

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Sterling Financial Leads NGX Trading With 142 Million Shares

Sterling Financial Holdings Plc dominated trading activity on the Nigerian Exchange (NGX) on September 16, accounting for more than 142…

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Lagos Records Nigeria’s Highest Inflation at 23.68% in August

Lagos State recorded Nigeria’s highest headline inflation rate at 23.68 percent in August 2026, significantly above the national inflation rate…

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Adamawa Food Inflation Hits 38.85%, Highest in Nigeria

Adamawa State recorded Nigeria’s highest food inflation rate at 38.85 percent in August 2026, nearly double the national food inflation…

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Nigeria’s Inflation Eases to 15.39% in August, Extends Three-Month Decline

Nigeria’s headline inflation rate eased to 15.39 percent in August 2026, extending its decline for a third consecutive month as…

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United Bank for Africa Opens Access to Dangote Refinery’s N2.15tn Share Offer

United Bank for Africa Plc has opened its approved subscription channel for investors seeking to participate in Dangote Petroleum Refinery…

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