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Geregu Power taps three-decade veteran as acting CEO

Geregu Power names a new acting chief executive just days after a bond default and collapsing revenue rattled investors on the Nigerian Exchange.

Tobi Opeyemi AmureAug 17, 20261 min read
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Geregu Power
News

Geregu Power taps three-decade veteran as acting CEO

Geregu Power names a new acting chief executive just days after a bond default and collapsing revenue rattled investors on the Nigerian Exchange.

Tobi Opeyemi AmureAug 17, 2026
Tinubu & Refinery
News

Tinubu sets new bar for what a working refinery means

Nigeria’s president draws a sharp line between refinery activity and refinery profitability as billions in rehabilitation spending face fresh scrutiny.

Hillary RemyAug 17, 2026
NGX building
News

NGX volume surges 127%, but the market still fell

NGX trading activity more than doubled in a single week as investors swapped 12.15 billion shares, yet the All-Share Index still closed lower.

Peace LongeAug 17, 2026
NGX building
News

NGX rewrites the rules for Nigeria’s priciest stocks

NGX’s revised pricing framework could reshape how much capital it takes to move premium stock prices on the Nigerian exchange.

Damilola EsebameAug 17, 2026
BUA Foods products
News

BUA Foods sinks 6% as food stocks face a selling wave

BUA Foods drops to ₦714 per share as Nascon hits the NGX 10% daily limit and Northern Nigeria Flour Mills falls close behind.

Hillary RemyAug 15, 2026
Transcorp Power
News

Transcorp Power slides to 52-week low in Friday rout

Transcorp Power sat at its 52-week floor of ₦219.60 on August 14 as the broader NGX selloff dragged the stock deeper into yearly-low territory.

Peace LongeAug 15, 2026
PwC
News

PwC warns of tax traps in Nigeria’s crypto rules

PwC Nigeria flagged critical gaps in the country’s first virtual asset tax framework that could over-tax compliant crypto investors and exchanges.

Damilola EsebameAug 15, 2026
Dangote Sugar Refinery
News

Dangote Sugar lands ₦486bn despite crushing debt

Dangote Sugar pulled off one of Nigeria’s largest equity raises with investors piling in, even as the refiner carried a staggering ₦628 billion debt load on its books.

Damilola EsebameAug 15, 2026
Transcorp Hotels
News

Transcorp Hotels stumbles 9% from its 52-week peak

Transcorp Hotels shed ₦20.90 per share in a single session as profit-taking dragged Nigeria’s biggest hospitality stock away from record territory, but the story underneath the selloff may surprise you.

Hillary RemyAug 14, 2026
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