Business

Dangote Refinery is targeting up to $5bn from its proposed Nigerian IPO, which could become Africa’s largest public offering. The final offer size, however, will depend on regulatory approval and the structure of the transaction. The refinery’s recent...

Femi Otedola acquired another 147.74 million First HoldCo shares for N20.7bn through Calvados Global Services Limited. The latest purchase brings his disclosed First HoldCo share acquisitions in 2026 to about N412bn. Otedola’s continued accumulation comes as First HoldCo...

Market capitalisation declined marginally by ₦106 billion, from ₦156.623 trillion at the opening to ₦156.517 trillion at the close. The NGX All-Share Index fell by 164.55 points, from 242,619.20 to 242,454.65. Market breadth remained negative, with 19 gainers...

BOA is expanding support for women farmers beyond loans to include agricultural inputs, mechanisation, agronomic support and market access. Only 3 percent of female farmers in Nigeria are formally enrolled in financial systems, compared with 10 percent of...

Nigeria’s headline inflation fell to 15.43 Percent in July from 15.91 percent in June, while monthly inflation also eased to 1.57 Percent. Food inflation, however, accelerated sharply to 5.56 percent month-on-month from 3.75 percent in June, driven by...

Nigeria’s net foreign exchange flow fell 29 percent month-on-month to $4.94 billion in March 2026 as total FX outflows more than doubled. CBN data showed outflows jumped from $2.50 billion in February to $5.54 billion in March, while...

Fatima Aliko-Dangote is the sole female director among the 10 directors listed by Dangote Petroleum Refinery. She joined the group in 2014, moving through strategy and business development before taking a commercial leadership role at NASCON in 2016. ...

The EFCC has recovered and transferred $60 million from Nestoil Limited to a consortium of creditor banks as part of an ongoing investigation into the company’s transactions with its lenders. The payment follows a structured repayment plan agreed...

Dangote Refinery applies for an offer of up to $5 billion on the NGX as a "People's IPO." The 650,000 bpd refinery targets expansion to 1.4 million bpd. Follows a $2.5 billion private placement that was 3.7 times...

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...