Business

Nigeria’s Raw Materials Exports Jump 106 Percent to N3.84tn in H1

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.

Return of Petrol Subsidy Could Cost Nigeria N19.16tn Annually – CPPE

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...

Dangote Refinery Opens N2.15tn IPO, Targets Wider Nigerian Ownership

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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.

10 Financial Market Stories You Should Know Before Trading This Week

Last week was a reminder that financial markets rarely move because of one story.

NGX Slips in August: Correction or Deeper Decline Ahead?

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.

Dangote Refinery IPO: Zenith Bank Opens Digital, Branch Channels For ₦2.15trn Share Offer

The subscription channels available to prospective investors include the Zenith Bank website, Zenith mobile application, internet banking, USSD, corporate internet banking and any of the bank’s branches nationwide.

Nigeria’s Oil Output Slips 5,000bpd To 1.5mbpd In August

The figures, contained in OPEC’s September 2026 Monthly Oil Market Report, showed that Nigeria’s crude production averaged 1.50 million barrels per day (mbpd) in August, compared with 1.505mbpd in July.

Bank Earnings Delay: Investors Wait For CBN Clearance As Key H1 Data Remains Unavailable

GTCO, Access Holdings, United Bank for Africa and Fidelity Bank secured extensions from the Nigerian Exchange Limited to September 30 to submit their audited half-year results.

China Supplies 39 Percent Of Nigeria’s Imports As Trade Deficit Hits ₦9.9trn

Nigeria’s imports from China increased from ₦5.10 trillion in the first quarter of 2026 to ₦5.92 trillion in the second quarter, according to the latest Foreign Trade in Goods Statistics from the National Bureau of Statistics.

Flutterwave Brings Dangote Refinery IPO To WhatsApp, Digital Payments

Flutterwave is bringing a new digital payment route to Dangote Petroleum Refinery and Petrochemicals' ₦525-per-share IPO, allowing Nigerians at home and abroad to fund subscriptions through web and mobile channels.