Market Updates

MA’AM Energy’s $750m Geregu takeover excites investors The minority investor community and operators in the capital market have expressed optimism about the acquisition of majority shareholding in Geregu Power Plc by MA’AM Energy Limited, saying it was a major boost for the power sector. The stakeholders in separate chats indicated... Read More →

Eterna opens N21.5bn rights issue to drive expansion Eterna Plc, a leading integrated energy company, has officially opened its Rights Issue, marking a major milestone in its capital-raising programme and long-term growth strategy. The Rights Issue comprises 978,108,485 ordinary shares of 50 kobo each, offered at N22.00 per share, and... Read More →

UBA surpasses N500bn capital milestone via rights issue The United Bank for Africa has emerged as the latest lender to meet the new minimum capital requirement set by the Central Bank of Nigeria for banks with international operations, as its share capital crosses the N500bn mark. UBA achieved this feat... Read More →

NUPRC, NMDPRA partner to boost sector efficiency, attract investment The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investments in Nigeria’s oil and gas sector, signalling a new era of cooperation between the two agencies.... Read More →

Equities firm as NGX market cap surges N138bn Nigerian equities closed the trading session on a positive note on Thursday as the total market capitalisation of the Nigerian Exchange Limited increased by N138bn, reflecting modest investor optimism despite mixed trading activity across sectors. At the close of trading, total market... Read More →

Champion Breweries unveils N42bn public offer Champion Breweries Plc has unveiled a N42bn Public Offer of ordinary shares, opening a new phase in the company’s capital-raising programme aimed at funding expansion and the acquisition of the Bullet brand portfolio across Africa. The offer, which opened on 8 January 2026, is... Read More →