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Universal Insurance stumbles into ₦2.2bn Q1 loss

Universal Insurance posted a ₦2.2 billion loss in Q1 2026 after oil and gas claims erupted, wiping out a 40% jump in gross premiums and flipping a profitable qu…

Tobi Opeyemi AmureJul 1, 20261 min read
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Universal Insurance stumbles into ₦2.2bn Q1 loss

Universal Insurance posted a ₦2.2 billion loss in Q1 2026 after oil and gas claims erupted, wiping out a 40% jump in gross premiums and flipping a profitable quarter into a painful miss.

Tobi Opeyemi AmureJul 1, 2026
Jaiz Bank building
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Jaiz Bank projects ₦9.69bn profit in Q3 2026 forecast

Jaiz Bank signals continued earnings momentum with its Q3 2026 forecast, projecting ₦9.69 billion in profit after tax amid a ₦150bn capital raise and aggressive branch expansion plans.

Hillary RemyJul 1, 2026
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NGX blue chips stumble as H1 2026 ends in red

The Nigerian Exchange (NGX) closed the first half of 2026 with a broad sell-off in heavyweight stocks, even as the market held onto a 45.95% year-to-date gain that masks June’s bruising correction.

Peace LongeJul 1, 2026
Skyway Aviation building
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Skyway Aviation hits 52-week high then crashes 10%

Skyway Aviation shares touched a record peak before reversing sharply, raising questions about the stock’s valuation after a 152% rally.

Tobi Opeyemi AmureJun 30, 2026
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Wema Bank holds flat at ₦25 despite 1.2m shares traded

More than 1.2 million Wema Bank shares changed hands on June 29 without moving the price, a striking signal in a session where the broader NGX lost 1.57%.

Hillary RemyJun 30, 2026
Dangote refinery ipo prospectus
Investing

Dangote Refinery IPO prospectus: Key disclosures investors should read

The Dangote Refinery IPO prospectus has not been filed with regulators yet, but knowing what it will contain puts you ahead of the crowd.

Damilola EsebameJun 29, 2026
How to buy Dangote Refinery shares: A retail investor’s guide to the IPO
Investing

How to buy Dangote Refinery shares: A retail investor’s guide to the IPO

Millions of Nigerians are racing to figure out how to buy Dangote Refinery shares, but most aren’t ready for what the process actually requires.

Damilola EsebameJun 29, 2026
Dangote refinery ipo prospectus
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Dangote taps UAE oil as Gulf crude floods back to market

Africa’s largest refinery just made its first Middle East crude purchase, and the timing says everything about where Dangote is headed next.

Damilola EsebameJun 29, 2026
First HoldCo surges 10% after listing 1 billion shares
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First HoldCo surges 10% after listing 1 billion shares

First HoldCo’s stock rallied as investors digested a massive private placement and Femi Otedola’s growing grip on Nigeria’s oldest lender.

Hillary RemyJun 29, 2026
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