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Aradel holds flat at ₦1,575 while oil peers slide
Aradel Holdings barely moved on June 25, but three of its closest oil sector rivals dropped close to the daily limit.
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Aradel Holdings barely moved on June 25, but three of its closest oil sector rivals dropped close to the daily limit.

The Dangote Refinery IPO price per share will be set during the book-building process, but analyst valuations between $39 billion and $50 billion already frame the likely range.

No official Dangote refinery IPO date has been confirmed, but founder Aliko Dangote targets September 2026 as the SEC clarifies that no filing exists yet.

S&P Globals hiked its 2026 projection by nearly two percentage points and trimmed Nigeria’s economic growth forecast in the same report.

Five years of outflows. A 41% discount to US peers. Earnings up, prices down. UK smaller companies have been written off by the market, and active managers are quietly noticing.

Cadbury Nigeria dropped 8% as a broad wave of profit-taking swept through consumer goods stocks on the Nigerian Exchange, in a session that erased trillions in market value.

Seplat Energy hit the daily circuit-limit floor as profit-taking wiped ₦3.64 trillion from the Nigerian Exchange in a single session.

Private sector credit crossed ₦81 trillion in May, but with lending rates as high as 46% and just 9.4% of GDP reaching businesses, the real question is who that growth is actually serving.

Nestle and MTN led a broad wave of blue-chip stocks that slammed into their daily price limits on June 23, and the selling may not be over yet.
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