Business

Market capitalisation declined by ₦556 billion, from ₦155.973 trillion at the opening to ₦155.417 trillion at the close. The NGX All-Share Index fell by 860.76 points, from 241,611.23 to 240,750.47. Market breadth was evenly matched, with 27 gainers...

FMDQ Exchange has approved the quotation of Ojaja Pan Africa Limited’s ₦25.53 billion commercial papers under its ₦100 billion issuance programme. The approved papers comprise ₦4.80 billion Series 1, ₦1.36 billion Series 2 and ₦19.37 billion Series 3...

President Bola Ahmed Tinubu has directed Finance Minister Taiwo Oyedele to present ‘The Reforms Scorecard’, detailing the economic impact of administration policies since 2023. Official figures show fuel subsidy removal and currency unification generated ₦15.8 trillion in additional...

Nigeria mobilised ₦15.8 trillion from petrol subsidy savings between June 2023 and December 2025, according to Finance Minister Taiwo Oyedele. The Federal Government received ₦5.4 trillion, while ₦10.4 trillion was shared among states and local governments. Oyedele said...

Dangote Refinery has secured a $1 billion underwriting programme comprising a funded $600 million private placement and a further $400 million commitment linked to its planned IPO. The programme strengthens the refinery’s capital-market position ahead of its proposed...

Standard Bank is considering a stake in OPay ahead of the fintech’s proposed US IPO, which could value the company at about $4 billion. OPay’s Nigerian business accounted for 88.1 percent of its revenue in 2025, while gross...

Beijing will host the second World Humanoid Robot Games from August 22 to 26, featuring 2,056 robots from 666 teams across 16 countries. The competition has expanded sharply from the inaugural 2025 edition, moving from demonstrations into practical...

BOI’s ₦250 billion Series 1 fixed-rate bond was oversubscribed within five working days. The bank says strong demand reflects investor confidence in BOI and Nigeria’s domestic capital market. A ₦100 billion government-approved fund will help BOI cushion borrowing...

French Montana has met with Nigerian billionaire Aliko Dangote and shared photos from their meeting. The rapper asked his followers what they would pitch to Dangote if they were in his position. Montana has maintained a strong connection...

Market capitalisation declined by ₦544 billion, from ₦156.517 trillion at the opening to ₦155.973 trillion at the close. The NGX All-Share Index fell by 843.42 points, from 242,454.65 to 241,611.23. Market breadth remained firmly negative, with 22 gainers...