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Damilola Esebame
Contributor

Damilola Esebame

Damilola Esebame is an NFEC Certified Financial Education Instructor℠ (CFEI®) and professional finance journalist whose work has appeared in leading outlets such as Investing.com and FinanceFeeds. Since 2018, he has authored articles and insights that simplify complex financial topics, ranging from credit and budgeting to crypto, macroeconomics, and global markets, for audiences around the world.

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Articles by Damilola Esebame

Logos of Nigerian Banks
Personal Finance

Nigerian banks split sharply on loan pricing in June

Lending rates at six major lenders range from 16% to 46%, and the gap reveals a deeper story about Nigeria’s credit market.

Damilola EsebameJun 20, 2026
Nascon Allied Industry
News

Dangote insider offloads ₦34m in Nascon shares

A senior Dangote group staffer disposed of 173,400 Nascon shares in a single transaction, raising fresh questions about insider sentiment at one of Nigeria’s strongest consumer goods performers.

Damilola EsebameJun 20, 2026
Caricature portrait of MTN Nigeria CFO
News

MTN Nigeria CFO goes on a ₦1.03bn share buying spree

The telecom giant’s finance chief purchased 1.3 million shares across 13 separate tranches in two trading days, a regulatory filing with the Nigerian Exchange Limited shows.

Damilola EsebameJun 19, 2026
dangote in dangote refinery ipo
Investing

Dangote Refinery IPO: Everything Nigerian investors need to know

Africa’s biggest planned listing is moving closer, and Nigerian investors have a narrow window to get every account, document, and decision in place.

Damilola EsebameJun 18, 2026
MTN Nigeria CFO
News

MTN Nigeria CFO pours ₦218m into company shares

The person responsible for MTN Nigeria’s financial strategy just put ₦218 million of personal capital behind the company’s stock price trajectory.

Damilola EsebameJun 18, 2026
Vitafoam building
News

Vitafoam tumbles 8% as consumer goods stocks slide

Vitafoam Nigeria opened June 15 at its 52-week high of ₦210 per share, a level first reached on June 10 after an 8.25% single-day rally on the Nigerian Exchange.

Damilola EsebameJun 17, 2026
Julius Berger building
News

Julius Berger sheds 10% on thin volume across NGX

A 10% single-session decline in one of Nigeria’s most recognizable infrastructure stocks would normally trigger urgent conversations across the trading floor.

Damilola EsebameJun 17, 2026
CBN proposes sweeping ring-fencing plan for banks
News

CBN proposes sweeping ring-fencing plan for banks

If you bank with any of Nigeria’s major financial institutions, the company behind your account likely owns a fintech, an insurance arm, or a microfinance subsidiary.

Damilola EsebameJun 15, 2026
CBN moves to strip holdcos of power over bank lending
News

CBN moves to strip holdcos of power over bank lending

Investors holding shares in Nigerian banking groups have weathered a punishing regulatory cycle, and a fresh proposal from Abuja could trigger another costly rethink.

Damilola EsebameJun 13, 2026
CAP PLC stumbles 7.5% in a brutal Thursday session
News

CAP PLC stumbles 7.5% in a brutal Thursday session

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

Damilola EsebameJun 12, 2026
NGX building
News

NGX ETFs rattled as 6 of 12 funds slip into the red

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.

Damilola EsebameJun 11, 2026
Airtel Africa building
News

Airtel Africa shatters its 52-week high in one session

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.

Damilola EsebameJun 10, 2026
Abbey Mortgage Bank building
Financial News/Updates

Abbey Mortgage Bank surges 10% to lead NGX gainers

A stock that traded quietly for weeks just became the most active equity on the entire Nigerian Exchange on June 5, 2026.

Damilola EsebameJun 8, 2026
CBN Forex
News

CBN overhauls forex rulebook untouched since 2018

Nigeria’s foreign exchange market just received its biggest regulatory shake-up in nearly a decade, and banks sit squarely in the crosshairs.

Damilola EsebameJun 6, 2026
NGX building
News

NGX slips again as ₦290bn vanishes in June’s fourth loss

Something unusual happened on the Nigerian Exchange on June 4, 2026, a session that deepened the market’s losing streak to four straight trading days.

Damilola EsebameJun 5, 2026
Dangote Cement
News

Dangote Cement slides below ₦1,100, shaking investors

Dangote Cement opened trading on June 3, 2026, at ₦1,180 per share and never recovered from the selling pressure that followed.

Damilola EsebameJun 4, 2026
NGX floor
News

NGX ETFs split as Meristem pair rockets 10% in a day

On June 1, 2026, the Nigerian Exchange’s ETF board told two very different stories at the same time.

Damilola EsebameJun 3, 2026
Tin Can port rakes in ₦401bn in just one quarter
News

Tin Can port rakes in ₦401bn in just one quarter

A single customs command at one Lagos seaport just pulled in more revenue in three months than many federal agencies collect in a full year.

Damilola EsebameMay 25, 2026
Cardoso holds firm on 26.5% rate as fuel costs surge
News

Cardoso holds firm on 26.5% rate as fuel costs surge

For eleven straight months, Nigeria’s inflation rate had been falling, rewarding one of the most aggressive monetary tightening campaigns on the continent.

Damilola EsebameMay 21, 2026
S&P Global building with logo
News

S&P lifts Nigeria’s rating after 14 long years of waiting

For 14 years Nigeria sat in the same corner of the global credit map, slipping further into territory investors call speculative.

Damilola EsebameMay 18, 2026
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