Ogochukwu Onwaeze, THEWILL

Nigeria’s agricultural imports fell by 8.5 percent year-on-year to N2.03 trillion in the first half of 2026, despite a sharp increase in import activity during the second quarter.

Bamboo experienced login difficulties on Monday as a surge of users attempted to access its platform to subscribe to the Dangote Refinery and Petrochemicals FZE public offer.

Dangote Refinery’s N2.15 trillion Initial Public Offering (IPO) attracted more than N10 billion in subscriptions within minutes of opening on Monday, signalling strong early investor interest in what is billed as Africa’s largest initial public share offering.

The proposal emerged during a high-level meeting between the Minister of Power, Joseph Tegbe, and TBEA executives at the company’s headquarters in Beijing.

The figure rose from N1.86 trillion in H1 2025, reflecting a significant increase in the value of agricultural, mineral and other raw materials shipped out of the country.

The Centre for the Promotion of Private Enterprise estimates that restoring universal petrol subsidy could cost the government N19.16tn annually The think tank warns that the potential N52.5bn daily bill could crowd out spending on infrastructure, healthcare CPPE...

The offer comprises 4.1 billion new ordinary shares priced at N525 each, according to a statement issued by the company on Sunday. The minimum subscription is 10 shares, costing N5,250.

Market capitalisation stood at N158.33 trillion at the end of July before rising to a record N160.42 trillion on August 10. The market subsequently came under sustained selling pressure, with the All-Share Index (ASI) recording 10 consecutive losing sessions.

The Nigerian Exchange Limited (NGX) closed Friday’s session on a firmer footing, as renewed buying interest across selected equities lifted the All-Share Index (ASI) by 674.61 points.

Diesel prices in the United States have crossed $6 per gallon for the first time, highlighting the growing inflationary impact of the global energy supply shock.