Market Updates

Following the Securities & Exchange Commission (SEC) warning to the investing public ,  Wayve Microfinance Bank Limited, yesterday said it has withdrawn the relevant promotional materials and removed the associated link regarding Dangote Petroleum Refinery’s N2.15 trillion  Initial Public Offering (IPO)  from its mobile application. The SEC had warned the... Read More →

Nigeria could save more than $10bn in fiscal costs by bringing inflation into single digits and creating room for interest rates to decline, Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele said the potential savings, based on 2026 figures, would ease pressure on government finances... Read More →

The Africa Finance Corporation has appointed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, as Chairman of its Board of Directors, as the institution seeks to strengthen infrastructure financing and industrial development across Africa. Cardoso succeeds Ireti Samuel-Ogbu, who will remain on the corporation’s board following the completion... Read More →

The President of Dangote Group, Aliko Dangote, has said investors applying with N50,000 and below will receive priority in the Dangote Refinery initial public offering as the company seeks to widen participation in the share sale. Dangote stated this during the final leg of the nationwide IPO roadshow in Port... Read More →

Trading activities on the Nigerian Exchange closed on a positive note on Wednesday, as the market capitalisation recorded an upward movement to close at N160.812tn compared to N160.708tn recorded on the previous trading day. The market All-Share Index similarly appreciated to settle at 247,673.65 basis points from 247,513.63 basis points,... Read More →

The Debt Management Office is planning to raise N5.75tn through the Federal Government of Nigeria  bond offers in the final three months of 2026, extending the government’s borrowing programme after bond allotments more than doubled in the first nine months of the year. The proposed issuance, outlined in the DMO’s... Read More →