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UK stakes £10m on Nigeria’s non-oil future
Nigeria has spent decades promising to reduce its dependence on oil revenue, and nearly every administration has pledged diversification.
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Nigeria has spent decades promising to reduce its dependence on oil revenue, and nearly every administration has pledged diversification.

Nigeria pulled in ₦2.42 trillion in value-added tax during the first quarter of 2026, marking a new quarterly high in the country’s most critical non-oil revenue stream.

A stock that sat frozen near ₦640 for months suddenly cracked open on June 11, 2026, and what spilled out may trouble shareholders.

If you owned CAP PLC shares heading into the second week of June 2026, the trading floor had a painful surprise waiting.

If you held a basket of Nigerian exchange-traded funds heading into June 10, 2026, the closing bell probably left a mark on your portfolio.

Something unusual happened to First HoldCo Plc on the Nigerian Exchange on June 10, 2026, and it had nothing to do with a crash or a rally.

Seplat Energy, the first stock in the 65-year history of the Nigerian Exchange to break the ₦10,000 barrier, gave back a significant chunk of its year-to-date gains on June 10, 2026.

BUA Foods opened trading on June 9, 2026, at ₦939 per share, a price that suggested stability for the consumer goods heavyweight.

Airtel Africa closed at ₦4,021.20 on the Nigerian Exchange on June 8, 2026, obliterating a 52-week high that had held firm for weeks.
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