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Elumelu’s Seplat investment doubles to over $1bn Tony Elumelu’s investment in Seplat Energy has more than doubled in value, with his Heirs Holdings stake now worth over $1bn. Heirs Holdings bought a 20.07 per cent stake in Seplat, representing about... Read More →

Geregu Power pays 8th coupon on N40.1bn bond Geregu Power Plc has paid the eighth coupon and part of the principal due under its N40.085bn Series 1 Fixed Rate Bond. The company disclosed the payment in a statement to the... Read More →

GTCO secures NGX extension for H1 2026 results Guaranty Trust Holding Company Plc has secured an extension from the Nigerian Exchange Limited to delay the publication of its half-year audited financial statements for the period ended 30 June 2026. Although... Read More →

NGX extends decline on energy, insurance sell-off The Nigerian equities market extended its downward trajectory on Wednesday as profit-taking in high-priced energy and insurance equities dragged key market indicators lower. Negative sentiment dominated trading sessions across major sectors on the... Read More →

Mr Eazi eyes NGX listing, inspired by Dangote, Otedola Musician-turned-entrepreneur Oluwatosin Ajibade, popularly known as Mr Eazi, has joined the growing wave of market optimism, disclosing in an exclusive interview with Nairametrics on Wednesday that he plans to tap into... Read More →

Dollar demand falls 35% as naira holds firm Demand for foreign exchange by end-users in Nigeria fell by 35.23 per cent to $3.42bn in April 2026, easing pressure on the dollar market as the naira recorded modest gains. Data from... Read More →

NGX, Stanbic IBTC seek more securities lending to deepen market liquidity The Nigerian Exchange Limited and Stanbic IBTC Stockbrokers Limited have called for greater participation in market making and securities lending to deepen liquidity, improve price discovery and strengthen the... Read More →

IMTO inflows jump 45% to $1.29bn in Q1 Nigeria recorded a sharp increase in foreign exchange inflows through International Money Transfer Operators in the first quarter of 2026, with the value rising 45 per cent year-on-year to a record $1.29bn.... Read More →

Tinubu support boosts BOI N250bn bond oversubscription The Bank of Industry on Tuesday credited President Bola Tinubu’s leadership and executive support for the oversubscription of its N250bn Series 1 Fixed Rate Bond within five working days. It described the strong... Read More →

Naira gains as reserves surpass $52.5bn – CBN As the naira continues to strengthen, with the spread between official and Bureau de Change rates now narrowing to below two per cent, Nigeria’s foreign reserves remained above $52.5bn as of July... Read More →