Dangote to retain 84.34% control of Refinery after planned N2.15 trillion IPO, Prospectus shows
Despite N2.15 trillion planned share sale in what is widely considered to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest... Read More →
Dangote Refinery valued at N77.7 trillion–N82.6 trillion ahead of IPO
Two Nigerian investment firms, CardinalStone Research and Chapel Hill Denham, have independently valued Dangote Petroleum Refinery and Petrochemicals FZE at between N77.7 trillion and N82.62 trillion, above the N65.22 trillion indicative market capitalisation at which the refinery is expected to... Read More →
Dangote Refinery sets N5,250 minimum subscription for IPO
Aliko Dangote, Chief Executive Officer of Dangote Group, has said investors can subscribe to the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE with a minimum of 10 ordinary shares, worth N5,250. Dangote disclosed this on... Read More →
How many Dangote Cement shares do you need for N10 million annual dividends?
What would it take to earn N10 million from Dangote Cement dividends for the 2026 financial year? Using the company’s 2025 financial year dividend of N45 per share, the answer is about 222,223 shares. At the current share price of... Read More →
NGX crosses N160 trillion again as market moves to reclaim August 10 highs
The Nigerian equities market extended its bullish trajectory on Monday, September 8, 2026, reclaiming the historic N160 trillion market capitalisation threshold for the first time since Monday, August 10, when the market first crossed that mark before a sharp two-week... Read More →
International Breweries, Zichis Agro top gainers in mixed trading
Trading on the Nigerian Exchange Limited ended on a mixed note for the equities market on Monday, as buying interest in select brewing, telecom, and energy stocks countered selling pressure in banking and insurance counters. Total equity transactions recorded 52,199... Read More →
African Alliance Q1 2023 performance under pressure
African Alliance Insurance Plc, one of Nigeria’s oldest life assurance specialists, faced severe financial pressures during the first quarter of 2023, recording a total comprehensive loss of N1.72bn compared with a net profit of N1.07bn in the corresponding period of... Read More →
FX liquidity shrinks 21% as turnover slips to $2.41bn
Activity in the official foreign exchange market experienced a notable slowdown during the first week of September 2026, as total turnover across both the spot and derivatives segments registered a sharp week-on-week decline. According to the latest market report released... Read More →
Stock market rally boosts investor sentiment, profitability
Buoyed by strong institutional demand and robust trading activity, the Nigerian Exchange rallied last week, with rising market capitalisation and solid financial-sector performance boosting investor confidence and profitability. JIDE AJIA reports The Nigerian equities market closed the first week of September 2026... Read More →
MEGACAPS: These are the only NIGERIAN STOCKS worth over $5 billion
Just eight companies listed on the Nigerian Exchange had market capitalizations of at least $5 billion as of September 2, 2026, with the group commanding a combined valuation of approximately N103.12 trillion ($77.86 billion). The Billion-dollar Mega Caps (BMCs) represent... Read More →