Business

NGX Gains 0.62 Percent As Market Cap Rises by ₦1.18trn

The ASI opened at 244,791.79 and closed at 246,315.38, while market capitalisation rose from ₦158.714 trillion at the opening to ₦159.892 trillion at the close.

MTN Opens Applications for Business Training With ₦100 Million in Equipment Grants for Women

MTN Foundation has opened applications for a five-week business training programme backed by a ₦100 million equipment-grant fund for women running young businesses.

Seplat Hits Record ₦14,908 As Oil Shock Lifts Investor Interest In Energy Stocks

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NGX data showed the stock closed at ₦14,907.80 on September 16, unchanged since its 10 percent jump from ₦13,552.60 on September 10. The price is Seplat’s 52-week high, according to NGX data.

Nigeria’s FDI Rebounds to $4bn as Oil Sector Unlocks $10bn Investment

Nigeria attracted about $8.39bn in foreign direct investment (FDI) between 2022 and 2025, with inflows rising sharply in 2025 amid renewed activity in the oil and gas sector.

Nigeria Sells ₦1.6 Trillion in Bonds as Investors Accept a Lower Yield on 2038 Debt

Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, securing additional long-term financing as investors accepted a lower yield on debt maturing in June 2038.

Customs Intercepts N5.53bn Prohibited Goods in 56 Containers at Onne Port

The Nigeria Customs Service (NCS), Port Harcourt II Area Command, has intercepted 56 containers carrying prohibited goods with a total duty-paid value of N5.53bn.

Oil Above $100: Five Ways the Rally Could Affect Nigeria

Nigeria is getting a major boost from crude oil prices trading above $100 per barrel, but the windfall could come with high costs for households and businesses.

Nigerian Equities Market Extends Gains As Gainers Outnumber Decliners

The market capitalisation opened at ₦158.399 trillion and closed at ₦158.714 trillion, representing a gain of ₦315 billion. Similarly, the ASI rose by 487.28 points, or 0.20 percent, from 244,304.51 at the opening to 244,791.79 at the close.

World Bank Names Nobel Laureate Michael Kremer Chief Economist

World Bank Group President, Ajay Banga, announced the appointment in a statement issued on Wednesday, September 16, 2026, bringing one of the world’s leading development economists into the institution’s senior leadership.

Dangote Commends NGX Leadership as N2.15trn Refinery IPO Opens

Dangote spoke on Monday at the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE at the Nigerian Exchange in Lagos.